WKHS (Workhorse Group, Inc.) is a swing-trade idea that presents the following (Bullish) conditions:
1.) The 5-day moving average is about to cross the 21-day moving average price. When short period moving averages cross above long period moving averages, it tends to indicate an upward price movement.
2.) The monthly "Moving Average Convergence/Divergence"...
Defense contractor Oshkosh Truck Corp. (NYSE: OSK) won a 10-year contract to build next-generation delivery vehicles (NGDVs) for the U.S. Postal Service, beating out electric delivery van maker Workhorse Group Inc.
DROP $WKHS for $OSK as soon as possible! You will thank me later!
Oshkosh Defense will manufacture postal delivery vehicles, which will drive the “most dramatic modernization of the USPS fleet in three decades.” Under the award’s initial $482 million investment, Oshkosh will finalize the design of the vehicle for mail and package delivery, and will assemble 50,000 to 165,000 of them over the contract period.
The vehicles will...
Updated previous chart my mistake in drawing line...
10year USPS contract. Were going to ride the momentum here. Just play the pinbar or bullish candle strategy off the MA while it trends up and you should make some nice profit!
Top of weekly trendline acted as strong resistance. You need to see the smaller timeframe Before considering possibly squeezing more out with what momentum may be left out of this but I would wait and catch a ride down.
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