MOD has potential BUY signal

BATS:MOD   Modine Manufacturing Company
Modine Manufacturing Company provides engineered heat transfer systems and components for use in on- and off-highway original equipment manufacturer (OEM) vehicular applications. It operates through Climate Solutions and Performance Technologies segments.

It is a mid cap company with 2.1 bn $ market cap
The price of the stock is $40.7
52 week ranges from 15$. To 51.7$
With 51 mln Float

MOD has uptrending chart for the last year
Price went down from 51$ to 40$ over the past month.
Recent new the company introduced new heating product on October 16 and this couse this big 6% move upwards. But then as the global markets dropped last week the price of the stock followed the overall market direction. We have a decent support at $40 area by providing 10% profit for 3% risk which low of support.

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