PNR has formed a double bottom. MACD and stoch rsi have crossed up. OBV looks good. PNR looks to hit $76.32 over the next two months.
rising uptrend, however, MACD and stoch RSI is pointing down. OBV is going up. A little pit of indecision in the weekly.
Pentair makes all kinds of equiment for fish farms which will be required in the not too distant future to maintain population growth as the seas continue to decline.
I see 30% pretty easily in the next few quarters. 100x off the bottom is 127 dollars another key level to watch if we dont correct very much after my (potential) wave 5 completes
Be sure to manage ...
Pentair plc operates as a diversified industrial manufacturing company in the United States, Europe, and internationally. Company operates through three segments: Water Quality Systems, Flow & Filtration Solutions, and Technical Solutions. The Water Quality Systems segment designs, manufactures, markets, and services a range of recreational water treatment ...
Head and shoulders pattern 6 month. Broke down vs S&P500
Neckline support, now resistance = 200 sma
Broke Uptrend_line channel ( blue ), within Downtrend break_line channel.
Momentum negative, OBV brakedown. Potential short entry point near neckline(retest possible).
52wk Range: 57.38 - 83.37
Staying below, ~74 level
Target 63 (38.2 %)
Stop : 74.50