Utility company Middlesex is dripping with momentum and it could still be time to start accumulating a position as the possibility the Biden administration social spending bills could take effect. Could be pretty early here so use potential pullbacks to lower your cost basis keeping risk management appropriate. Other names like AWK, FERG and CNM also on the come up..
We are seeing a large amount of volume coming for MSEX as we look to be forming a bullish symmetrical triangle. Look for a new 52 week high leading up to earnings and a breakout. I will update you with the call options that I will be looking for.
To invest in this stock I will wait for it to break down to the support then I will buy it. After it hits the support it is expected to jump to at least $66 if not higher.
