Now stock with the whole sector ($MTW, $TEX, $DD, $JOY) showing relative weaknes vs broad market.
I use my 8 and 21 to measure short term sentiment ant to make adjustments if i am positioned. It dropped its 8/21 on 20th of May first time since mid March. And settling for a nice h-set-up which is classical pattern in .
Break down below $100.72 may attract more active, swing traders and I expect to see some follow through.
Stop above previous swing high at $104.50 makes this trade attractive from R/R point of view.
Target is $95 previous base , 200 .
All traders should manage this trade depend on their time-frame and strategy.
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