PH had a strong earnings gap up!

NYSE:PH   Parker-Hannifin Corporation
* Great earnings
* Very strong up trend
* High relative strength in the Industrial sector
* Broke out of a ~7 month consolidation period with very high volume (162.6% above average)

With very high volume on earnings , this very well may be a break away gap and may continue going higher from here.

Trade Idea:
* You can enter now and ride higher.
* Or you can look for buying opportunities near the $321.65 area
* A daily close below $321.65 would expose $311.70 as the next key support which should hold firmly.


The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.