Hey people, ITT INC is in a bullish combination with a return of buying volume traded in a hammer candle. By zooming in on the TIMEFRAME M1 we can notice a dash with a low volume of purchase traded it goes towards the top of the range (rectangle) for a retest. It is very plausible to breakout the price with the momentum and then at the same time the zone to access...
NYSE:ITT is forming a cup and handle chart pattern with a well defined resistance area around $65. That price level has been tested over 6 times including in today's session. A daily close above that resistance chart pattern boundary will trigger a long swing trade.
Chart pattern price target is around $77 but profits (or partial profits) should be taken around...
ITT RECTANGLE / HEAD & SHOULDERS PATTERN FROM 2016/12/05 TO 2017/05/01
BREAKDOWN: 38.20
TARGET: 32.48 (-15%)
NEGATIVE MANSFIELD AND DECREASING
SECTOR WEAKING
Key points;
1) Price is currently at validated structure support (old resistance)
2) Price is at a potential up-trending support level
3) Last low was higher than the previous low even on a down market day
4) MACD level is at a similar level to previous lows made in price (illustrated by the vertical blue lines)
5) Price has also bounced off its lower bollinger...
ITT Expecting open around 46.50 which clears a significant pivot point. Wait 30min or so and look for bullish bounce off of 10 or 20 ema on a 5min chart
still in horizontal consolidation zone. and once it breaks 45.94 with strong decisive candle we should see more upside .. upside than initial target of 49.
Cheap Stock Hitting the New High -ITT Corporation, is a 52-week high and puts the p/e at 8. In business since 1920 with a storied history involving former CEO Harold Geneen, the company is paying a 1% dividend-Source-Forbes.com
