Possible cup and handle. Look to enter possibly 52 dollar range. Could go for six dollar target. Could give you the right risk to reward set up. I need to see more green volume. Not advice only opinion.
BWXT shows a strong pattern of higher highs and higher lows. EMA cross is up and and MACD and ADX & DI confirm further upward movement. Thus we can participate in this swing
Upside targets are
T1 67.66
T2 70
T3 72.93
SL 61.45 (below previous low
Risk to reward ratio is 1.93
BWXT seems breaking down from a long-term upward channel formation. Twiggs money flow crossed to the negative side. It also had lots of insider selling. We think it has good downside potential.
* Trade Criteria *
Date First Found- December 26, 2017
Pattern/Why- Upward channel breakdown
Entry Target Criteria- Break of $59.73
Exit Target Criteria-...
BWX has built up a solid long-time uptrend and nice fundamentals.
It could move back to the SMA 200 or continue the rally upwards.
In this case we can partizipate with a stop-order at 47 and a stop loss and 45.33.
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NYSE:BWXT
