Daily Homing Pigeon patternHoming pigeon Pattern on the Daily chart.
This is a bullish pattern entry and exits on the chart.
This is not a trading advice just my opinion.
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About Astec Industries, Inc
Sector
Producer Manufacturing
CEO
Jaco G. van der Merwe
Website
astecindustries.com
Headquarters
Chattanooga
Employees
4.291K
Founded
1972
ISIN
US0462241011
Astec Industries, Inc. engages in the design, engineer, manufacture, and market of equipment and components used in road building and construction activities. It operates through the following segments: Infrastructure Solutions, Material Solutions, and Corporate and Other. The Infrastructure Solutions segment designs, engineers, manufactures, and markets a complete line of asphalt plants, concrete plants, and ancillary equipment, as well as supplying asphalt road construction equipment, industrial thermal systems, and heavy equipment. The Material Solutions segment designs and manufactures heavy processing equipment, in addition to servicing and supplying parts for the aggregate, metallic mining, recycling, ports, and bulk handling industries. The Corporate and Other segment is involved in the controls and automation business, through the firm's parent company, Astec Insurance. The company was founded by J. Don Brock in 1972 and is headquartered in Chattanooga, TN.
possible cup and handle forming in $ASTEI think we need a clean break and continuation past $43 to confirm
ASTE Detected possible stock repurchase!!!ASTE: astec inds inc
2018-07-30 07:00:08
Detected possible stock repurchase
Downward Continuation w/ Near Black MarabozuOscillators down; selling up. Down from 9-month resistance
ASTE- Head & Shoulder formation short from $55.27 to $46.13ASTE seems forming a downward neck head & shoulder formation. Moneyflow completely broken down. Overall it looks very interesting as short & we think it can decline to $46 area.
To play this we would consider $55 or $60 September puts.
* Trade Criteria *
Date First Found- May 19, 2017
Pattern/
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