adolphus53

If there is a big break in AIMC i will be there! (3)

Long
NASDAQ:AIMC   Altra Industrial Motion Corp
the early downturn this year punished AIMC harder then the overall market, its already down 25%!. This stock has sold off big and recovered multiple times during this bull cycle. Now its in a consolidation pattern and question is will it break down further or not.

Timing = 1 ( i think the overall market is at the top of its range so this stock could go down with the market)
Volume = 0 ( volume was big on the intial selloff but it has been holding up at 41$)
Group strength = 1 (the industrial stocks looks weak)
Entry = 0 (i think the entry is at a great support area but it could bounce anywhere between between 33-28 $)
Fractal = 1 ( Fractal supports a break down)
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