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
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.