$CAT reported horrible today, Yet still bounced about $2 on Valuation, Heavy Equipment Sector May have found a Bottom.
MTW has an Pattern coming out of a 5 year low, & Has Broken out of the downward trajectory trading channel ahead of .
210,000 inside shares purchased in the last 12 months, and only 21,500 shares sold by insiders.
MACD Bullish Centerline crossed today
Had an inverted head and shoulders pattern with the head bottom on Oct. 9
Broke out of a downward trending Trading channel less than a week ago.
Beat previous Q2 2019 EPS Estimates Double.
Is on the Verge of breaking out of this Huge Wedge that started in 2014 at
$100 pps and is now $86.50 lower where it bounced off a many year/multi year low
Ya know they had to Try :-)
A break thrue $14.46 would take it up and out of the Wedge.
Bumping top ballenger band
Perfectly positioned to break out of the
5 year wedge in 3 or 4 days, depending on earnings
Ready to Rock !
See if it closes. Hope it's a break away gap & stays above the 200dma