Nice looking short setup. Trend has shifted down and this pump is a retest of levels lost. From a price action perspective, it needs to retest and hold the level at PT1 before continuation up would be a likely thing.
Fundamental analysis MOG.A dropped 15% in 2 days, after beating earnings, revenue, and reaffirms FY19 EPS guidance. Analyst lowered price target from $102 to $92 Technical analysis OBV did not fall below it's high since late June. RSI(10) @30.5, not wanting to go into oversold territory. *Note: If the stock market rallies tomorrow with the fed...
Strongest sector is aero/defense. Long consolidation. This one hasn't broken out and has earnings tomorrow. Should trade up or gap up if numbers are good.