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Howmet Aerospace Holds a Lot of PotentialNYSE:HWM Howmet Aerospace holds a lot of potential. They manufacture components for jet engines, fasteners, and titanium structures for aerospace applications, and forge aluminum wheels for heavy trucks. Aluminum products are an excellent choice to help achieve higher energy efficiencies due to their lighter weight. Just to give you an example, aluminum alloy wheels are 30% lighter than steel wheels. Higher inflation wouldn't affect this company much. In fact, during their last earnings call, I believe they said that 95% of their costs can be passed onto their customers. The financials have been great since the split from Arconic Inc., but of course, you need to wait for the fundamentals and the technicals to align before you make an entry. I made my initial purchase the day of the earnings gap. Now that I have a cushion, I added more during the pullback. I believe this earnings gap pullback shows relative strength; it hasn't even come close to the breakout candle. This stock is a market leader. It's already up 63% in the last 6 months. Hopefully, I can get a nice swing out of this one. What stocks are on your radar right now?
NYSE:HWMLong
by JoelTCampbellJr
HWM Entry, Volume, Target, StopEntry: with price at or slightly above 51.35 Volume: with volume greater than 4.56M Target: 56.71 area (this is an area, no guarantee it reaches this price, but you should be selling on the way up) Stop: Depending on your risk tolerance; Based on an entry of 51.34 & target of 56.71, a stop at 49.55 gets you 3/1 Reward to Risk Ratio. This LONG swing trade idea is not trade advice and is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed while evaluating this trade idea. Do not take this trade based on my idea, do not follow anyone blindly, do your own analysis and due diligence. I am not a professional trader.
NYSE:HWMLong
by tradepatiently
4
HWM - Minor Low BreakoutG/G trend with a pullback after earnings. Has 3-4 propulsion dots across 13/21/34 propulsion dots. Vscore area, RAF just below extremes = Minor low breakout. The only thing about this price action is I would wish for a larger pullback. The entry here is above 13ema, despite the momentum. Volume support is lower and starts around 41.30. I'm going to take a small aggro position if we get a breakout, due to the overall ITA sector strength, but I would like to get a more conservative entry. I would like to enter between the 13 and 21 propulsion dots. 21APR23 42Calls. You could also look at 43 Calls which have more Open Interest. Entry - $42.10 Profit - $42.95 25% Stop Loss.
NYSE:HWMLong
by TradingBandito06
$HWM is forming a nice pivot. Can it move higher from here?Notes: * Strong up trend since 2020 * Great earnings in the recent quarters * Basing for the past ~14 months * Recently bounced off historical highs around $31 * Forming a nice and tight pivot area around $35 * Offering a very low risk entry * Showing signs of strength and accumulation Technicals: Sector: Industrials - Specialty Industrial Machinery Relative Strength vs. Sector: 1.33 Relative Strength vs. SP500: 1.31 U/D Ratio: 1.74 Base Depth: 33.89% Distance from breakout buy point: -4.99% Volume 8.49% above its 15 day avg. Trade Idea: * You can enter now as it's trying to break above the $35 resistance level * Or you can wait for a clear break above it before entering * If you're looking for a lower entry you may find one around the $34.3 area as that's the bottom of the tight range * This stock usually has local tops when the price closes around 10.23% above its 50 EMA * Consider selling into strength if the price closes 10.03% to 10.43% (or higher) above its 50 EMA * The last closing price is 3.69% away from its 50 EMA
NYSE:HWMLong
by HaseebKhan_90
3
HOWMET AEROSPACE Course DailyHey my friends, HOWMET AEROSPACE is in a bearish fake dynamic with a kind of water-carrying candle followed by a marked bearish leg and a buy volume return made. In the TIMEFRAME M1 we can see a large hammer candle with a low return of issued purchase volume. It came to check the base of the bollinger to get to the top of the balance zone and test it. Great propability to breakout the price with momentum then then the zone to reach the one above and go to the next high. The highest of the bollinger will be tested excessively (on TIMEFRAME H4) before breaking out a similar equilibrium zone (on TIMEFRAME H1) and test at the high point of this one. Possible test of half of the intermediate median of ANDREWS PITCHFORK. Please LIKE & FOLLOW, thank you!
NYSE:HWMShort
by stephanelibatd
Howmet Aerospace: Hugely Undervalued with Promising Upside(Pt.1)Howmet manufactures components for the aerospace, ground transportation, defense, and industrial sectors including aluminum sheet, plate, extrusions, and other specialized parts. November's Q3 earnings report showed a 37% decrease in revenue Y.O.Y compared to Q3 2019. This was likely due to the pandemic's impact on commercial air travel and aircraft manufacturing as well as Boeing's decision to halt production of the 737 Max. Currently trading just under $25.60, it is massively undervalued given its high profile contracts with giants like Boeing, Airbus, and Daimler. Distribution of the vaccine and a return to normalcy with increased air travel will raise demand for its products used in commercial aircraft production. Boeing also recently announced that it has resumed production of its 737 Max model, which will help Howmet's aerospace division further. The global economic recovery and subsequent rise in household income(followed by consumer spending), will likely lead to a bump in new car purchases and production. This would bolster its already strong ground transportation division. The Daily Chart shows decently high volume and a strong uptrend. With the 50 day moving average of closing prices recently crossing above(and staying above) the 200 day moving average, things look very promising.
NYSE:HWMLong
by CryptoComrade