HaseebKhan_90

AOS forming an inverse head and shoulders.

Long
NYSE:AOS   A.O. Smith Corporation
AOS has been forming an inverse head and shoulders since May of 2021 and now looks like it's ready to move higher.

Fundamentally, the company's doing pretty well and is expected to do better in the coming year with increasing earnings per share and sales.

Technically, it has been on a solid up trend and now is looking to continue. With a Beta over one it's expected to continue in the direction of the general market.

Trade idea:
* Look for buying opportunities after a daily close above $73. 05 to further confirm the inverse HS break out.

Target:
* The target for this pattern break would be around the $80.50 area.