US Stock In Play: $MOD (Modine Manufacturing Inc)

NYSE:MOD   Modine Manufacturing Company
$MOD remains resilient within a bullish technical structure that was highlighted earlier this month, averting a potential correction that was experienced by the smaller-cap companies this morning. $MOD closed the earlier session at $14.28, an intraday gain of +2.29%.

First sign of bullish trend resumption for $MOD was signaled with a Bullish Reversal Hammer candlestick pattern on 20th November 2020, with a further continuation breakout on a week’s of consolidated price action on 15th December 2020.

At the current junction, immediate resistance for $MOD is clustered at $14.85 to $15 range. $MOD will be set to attain its 2 years high at $16.67 upon the clearance of the highlighted range.

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