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PARKER HANNIFIN

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1PH trade ideas

PH had a strong earnings gap up!* Great earnings * Very strong up trend * High relative strength in the Industrial sector * Broke out of a ~7 month consolidation period with very high volume (162.6% above average) Note: With very high volume on earnings, this very well may be a break away gap and may continue going higher from here. Trade Idea: * You can enter now and ride higher. * Or you can look for buying opportunities near the $321.65 area * A daily close below $321.65 would expose $311.70 as the next key support which should hold firmly.
NYSE:PHLong
by HaseebKhan_90
PH, Longed but I suggest trading as a wick play I took a position in PH in the late morning today with a stop under the 50 ma. I like it because there is ample evidence of insiders going on a buying spree with buying starting around June 14 ( note the initial stopping volume start to come in around then). And for the most part, volume tells us accumulation has kept up pretty consistently from June 14th to date. So this definitely has the holders and smart money behind it . I think that will help to sustain the move but we did close with some weakness today , displayed by upper wick of todays candle. I was long prior to this upside wick developing, but based on the new evidence, I think that this would be best entered as a wick play . If we are able to open in the upper wick of todays candle tomorrow that is ... then we will have an early sign to support likelihood of support for moves up higher . In any case , at this point the 50 ma is an important line in the sand for me .
NYSE:PHLong
by NAK1987
$PH Weekly Chart - Setting up for a breakout buy -Recently published a daily chart for PH that shows a breakout buy setup. RSI looks like it may come back to test its trend line. I would buy if RSI broke out along with Price action on heighted volume. Personal Note----> Note that the RSI has not "reset". Will the potential break be of significance? ^If you are wondering what this means it is a long story. Something that I have begun to connect the dots with so to speak. When I figure it out and have a "concrete" answer to the "reset" phenomenon I have noticed in the past I will publish and education post. Thank you for looking at this post. Plz like it if you agree :) Blessings
NYSE:PHLong
by gumbtg
Breakout Setup -RSI & MACD- $PHActually some decent characteristics coming together for this chart. RSI has a top side resistance line that it is nearing. Today it closed at its "uniform action" line seen in the green. Look for a break of the green line first. This could be a level 1 entry. A level 2 entry on the top side resistance line break. Obviously we are looking for volume at the break. ^if it breaks top side resistance on the RSI expect it to also be breaking the price action resistance at the same time MACD also giving a solid setup. About to break a trend line at the same time that it would also perform a zero crossing. This would be 2 signals in one and carries more weight than a single MACD signal. Overall chart looks good. Fundamentally the company has decent growth I know. As far as fundamental drivers for this I could not tell you. Its an industrial. S&P IQ has a positive outlook for the sector.
NYSE:PHLong
by gumbtg
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