Excellent industrial value company with with good earnings reported two weeks ago. Strong move recently, maybe a bit too fast but who knows how far it can go till a pullback. forward PE and PEG are 11 and 1.53, very reasonable.
The Conservative Stop offers less exposition and a Risk/Reward Ratio of more than 9 at the risk of being too tight .While the wide stop offers much more room for the trade at the expense of a lesser Risk/Reward Ratio approximating 3 .
Whatever your style ,trading is a game of probabilities and the bulk of the profit if not all the significant profit is...
In November of this the stock broke out of a massive 1+year head on shoulder pattern (on the weekly time frame). The stock has been digesting that rally for a month moving sideways right below the $40 level. The head and shoulders bottom chart pattern price target is up around $53. The current sideway breakout setup could be the launching pad to that level.
Hillenbrand has an 8.1/10 Equity Summary Score from Thompson Reuters StarMine with earnings coming up Wednesday. Hillenbrand has beaten analyst estimates 7 out of the last 8 quarters. The company's recent share price weakness makes it a good candidate for a pop in the event of an earnings beat.
Hillenbrand may also have an additional positive catalyst coming....