With interest rates to stay at the current rate for longer and no direction on when it could happen, this is a definite buy if it pulls back to around the low 170s, there is a bit of a slight selloff on the daily timeframe but buyers are holding up the price. The price has been in an uptrend from a long term perspective and is a definite buy and hold equity under the industrial sector. This may be the best time to accumulate shares as higher rates for longer affects the stock price. With earnings on the horizon and the fact this company wont be going anywhere soon, and the buying momentum based on the MACD on the right chart looking at it from a weekly perspective. of the last 13/16 weeks the price has been on a steady rise and is due for a pullback unless they provide spectacular earnings and guidance into 2024/2025. The recent insider selling is but a small factor in regards as them selling their own shares provide more opportunity to purchase shares cheaper if it were to fall.
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