My double bottom pattern screener program has spotted another price with a confirmed pattern. It may pul back to support in the next days. The double bottom moved the rice away from the bullish channel support line.
TROW is another company that pays currently 3,2% dividend per share, increasing their dividends yearly for 15% in the last 20 years.
fair value: 75$ currently trading at 71$
1% long term debt (!), 15% increas of dividend in the last 20 years
TROW is holding support at 65, a level that has proven tough to crack.
The first level of supply comes in 76-78.
What to do?
If looking to get long, stop out under the red line on chart(62.50), targeting the 76-78 level(blue line).