Praxair, Inc. produces and distributes industrial gases. It operates through five segments: North America, Europe, South America, Asia, and Surface Technologies. The company offers atmospheric gases, including oxygen, nitrogen, argon, and rare gases; and process gases, such as carbon dioxide, helium, hydrogen, electronic gases, specialty gases, and acetylene. It...
Another trade we entered today was in PRAXAIR (PX). Heres why we like this bullish position for a nice swing trade: 1) OVERALL MARKET STRENGTH - The overall market looks phenomenal after a strong move the last couple of days and looks to move to new highs. 2) SECTOR STRENGTH - The industrials sector itself is looking phenomenal after today's move. You can see...
$PX : I want this at 102 : He is my favorite element
He suspected that this was a pivot point. The stock continues to rise after correction.
Roughly 3,800 PX Apr $135 calls were purchased late in the day on Friday for $0.69-$0.80 each (18x the average daily call volume). Shares have bounced off of support at the $120 level and are now setting up for a return to $133-$135 in the intermediate-term. Consider buying the Apr $130 calls or $130/$135 bull call spreads with the plan to take at least partial...
Looks like a good stock to buy because of strong support at around 103.30. Reasons to buy: 1. double bottom 2. strong RSI increase 3. 0.50 fibonacci retracement matches double bottom 4. volume spikes near double bottom area meaning that people are buying EXIT: Conservative approach: When price hits trend channel Risky approach: exit at multiple top ~...