OTTR Stock Confirmed Bullish/Going UPHello,
Ayrfolio trade ideas are based on weekly charts and momentum, so remember to be patient! No day trades here unless the stock soars up intraday. Today we’re covering:
COMPANY: Otter Tail Corporation
STOCK SYMBOL: OTTR
POSITION: Long
TP1 Risk-Reward Ratio: 1.67
TP2 Risk-Reward Ratio: 3.34
Stop Loss: must wait AFTER daily candle closes to exit trade (regular candle, NOT Heiken Ashi)
Ultimate Stop Loss: can exit IMMEDIATELY if price reaches this level during any trading hours
EXPLANATION: Weekly momentum increased and confirmed on Monday 8/18/25 at $85.97/share. Although the stop losses are listed on the chart, if momentum has been lost then we can exit before the price reaches the stop loss.
DISCLAIMER: Please do your own due diligence before making any decisions. I am not an investment advisor, and I do not personally trade these stocks. These posts are stock trade ideas that follow my same weekly momentum strategy. Past results are not indicative of future performance.
P.S. - Stocks can soar. YOU can soar. Soaring is possible!
-Ayrfolio
OT4 trade ideas
Long entry breakout to the upside heading into earningsAs we approach all time highs, there seems to be much more of a runway for growth moving forward the last 4 consecutive weeks of bullish momentum and increased fundamentals within the company can provide much more growth with time. With the current technical provided the price is currently on an uptrend with excessive accumulation from the buyers side. Looks to have more upside as both fundamentals and technicals are aligned.
OTTR - Cup with Handle BreakoutOTTR just completed a 7-month cup with handle pattern, triggering a buy at the $70 mark.
The fundamentals are incredible for this company. Sales are growing at 40% per quarter and earnings are up by triple digits.
It meets all 9 of William O'Neil's CANSLIM scan criteria, and even has bullish 2023 estimates from analysts.
There is a risk, however. First and foremost, the company is scheduled to report earnings today (8/1/22) after the close. Traders will have to decide whether to try their luck pre-earnings or wait until after the numbers come out.