zacrews

Strong buy on Thermon THR - Texas Power and Energy Plant Heating

NYSE:THR   Thermon Group Holdings, Inc
Have been watching closely since the recent break. All time frames are converging in an intermediate and long term up-trend. Ready for a daily middle BB bounce.

Texas is introducing a bill to require that all power producers and natural gas pipelines implement weatherization on their facilities. Thermon is based in the state capitol of Austin and stands to gain a windfall from state government grants.

I have long dated long calls in this security. Target Price: $27
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