🔍 Company Overview:
Itron NASDAQ:ITRI operates in the energy and smart city solutions sector.
Recent developments, including collaborations and acquisitions, signal growth prospects for the company.
📈 Market Sentiment:
Collaborations with Ireland's ESB Networks and Schneider Electric, along with the acquisition of Elpis Squared, strengthen Itron's market...
Introduction
Itron, Inc. (NASDAQ: ITRI) stands at the forefront of innovation in energy and water resource management. With its recent financial achievements and strategic expansions, Itron is poised for significant growth, underpinned by a commitment to sustainability and technological advancement.
Revenue and Profit Forecasts: A Promising Outlook
Itron's...
Good to long
Good earnings
Price b/o
Tight price action and b/o
Risk management is the most important.
I am getting my thought process from CANSLIM and Mark Minervini
Description: ITRI is trending higher and in an uptrend meaning that highs are getting higher and lows are getting higher. The uptrend line on the chart and the Trending Band Indicator (which measures trend) supports the Long Position.
Stats:
1. Ideal buy range: $89 - $93.5
2. Take profit: $114.98
3. Stop Loss: $84.37
4. Risk To Reward: 1 / 6
5. Accuracy Rating: 94%
ITRI has consolidated really well between 66-67 for the past 2 weeks after running up from a dip at 56. This looks like it is ready to break out to the next level. I will be looking for a dip early Monday at 66.25 before this breaks 67. 66.75-67 will be the area that needs to break for the next run up towards 70. The MACD should get a strong bullish cross after...
