MilesTaylor2395

$MTW #MTW burst thrue top of wedge at $14.46 earnings day 10/28?

NYSE:MTW   MANITOWOC CO INC
$MTW has a chance of breaking long term downtrend line on earnings day 10/28/2019

$CAT reported horrible earnings today, Yet still bounced about $2 on Valuation, Heavy Equipment Sector May have found a Bottom.

MTW has an Inverse Head & Shoulders Pattern coming out of a 5 year low, & Has Broken out of the downward trajectory trading channel ahead of Earnings .
Comment: Soon
Trade active: $30 million dollar share buy back announced in May, 2019.

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
Trade active: Back Tested the 50 Day Mowing Average and had a Strong Bounce.

Ya know they had to Try :-)
Trade active: Earnings day is November 7th
A break thrue $14.46 would take it up and out of the Wedge.
Trade active: New Buy SAR
Bumping top ballenger band
Perfectly positioned to break out of the
5 year wedge in 3 or 4 days, depending on earnings
Trade active: Pounding Out of the 5 Year Wedge, with a Double Upgrade from Goldman Sachs.

Ready to Rock !
Trade active: Theres a Gap, created on earnings.
See if it closes. Hope it's a break away gap & stays above the 200dma

Comments

5 Year Long Wedge, Comes to an End next Monday 10/28/2019
If Wall Street Journal Earnings date for $MTW is right.
Reply
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