Mueller Industries, Inc. Trade Ideas — BOATS:MLI

MLI - Mueller Industries - Near ATH Hello Everyone, Happy Saturday to all. Today i made a quick scan and i found MLI and i would like to share my thoughts about its chart. What they do? Mueller Industries Inc is a manufacturing enterprise that serves several industries, customers and channels across the globe. The US-based company creates a diverse range of products that enable critical industries to function, including plumbing, heating, ventilation, air conditioning and refrigeration. Its principal business segments include Piping Systems, Climate Products and Industrial Metals. Mueller Industries has positioned itself firmly within the industrial sector and it has several different companies within its portfolio, including Atco, Howell Metal and Turbotec. Quick Financial Infos: Market CAP : 10.44B Revenue : 4.06B EPS : 6.2996 P/E Ratio : 14.98 Dividend Yield : 0.95 (1.01) Technical Part: Lately it is pricing near it's ATH (96.81). If it achives to break 94.50 - 95.00 and stay above this level then i beleive there is a good opportunity to see new ATHs and this also confirms the UP trend. Financially they are also strong. My Strategy would be: Wait till break 95 then buy in this price If it cannot break this level then i am waiting to Pull back to 89 - 90 , then i would watch how to react in this level, but this levels could be a good entry point. My final target is 110 - 112 which is approx %20-22 over todays price level. My Long term target is 138 - 140 which is approx %50 over todays price level. For next week i have already added MLI to my watch list, you can consider to add yours as well :)) Today and Tomorrow also i try to make some Update analysis from my previous Publications. I am planning to start with Quantum Computing stocks that are include IONQ , QBTS and RGTI . All of 3 i have an investments and i am holding them for Future. This is just my thinking and it is not invesment suggestion , please do not make any decision with my anaylsis. Have a good start a Weekend to All.

MLI -- long For full disclosure I've been a long time holder of MLI. I love this company for its fundamental strength: They are a market leading, cost-advantaged provider of copper and brass tubing, fittings, and valves for the construction and HVACR markets. The company repaid all its long-term debt a couple of years ago, and has diligently expanded and upgraded its manufacturing facilities. They have modest capex requirements, and have delivered positive annual cash flow every year since 1992. While the 40%+ ROIC margin for 2022 was due to last year's unique environment (exceptional demand for building supply, high copper price, material shortages), they should easily out-earn their WACC year after year. The company trades at a very modest 11.1x next year EPS (based on a single analyst's estimate). The stock took a huge beating following its earnings release, due to events beyond management's control: The business was impacted by lower copper prices, a tornado destroyed one of its manufacturing locations, and two separate factory fires (one of them caused by a third-party contractor) also impacted production. More recently, though, MLI is showing signs of bottoming out. On the 1-hr chart an inverse head-and-shoulders pattern has emerged, and the stock looks set to break out from its declining short-term trading channel. There's also a bullish Black Swan pattern visible on the chart (patterns and channels drawn using @LonesomeTheBlue's fabuluous indicators). I don't usually pay much attention to Black Swan patterns but, according to the HPP indicator, for this ticker/aggregation period Black Swans sport an impressive win rate and profit factor. I am looking to add to my long position with a T1 at the 3-month POC line (around 81). SL would be at the VWAP since the August 21 low.

$MLI double bottom with Potential Cheat Entry $MLI working on a double bottom base with a potential for an early cheat entry. Volume pattern not the best but price action so far very constructive. Worthy of a secondary watchlist add.

US Stock In Play: $MLI $MLI metals manufacturer. RS already cleared its 52 wks high, while price remain resisted below a 3mths DTL. price have been riding on its rising 10MA since Q4 earnings. convergence of shorter MA with 50d it gained +39% in less than a month (oct'21) during the last DTL breakout

So Far, Warren Buffett Is Right I bought MLI , and, have Never sold it. I heard a Money Manager say: "If you Bought a Stock for a reason , and, that reason hasn't changed... you stick with it."

Downward Trend Oscillators confirming same

Mueller Industries, Inc.

MLI trade ideas