MWA (Mueller Water Products)
Portfolio: Endurance Stocks
Trade Price: $12.42
Shares: 202
This is a long term position. Long term trend shows strong and bullish, short term trend has been bearish and selling off over the past bit. The selloff has pushed the price down steadily until recently, showing increase in volume and interest from buyers. Tech Analysis...
seems to be a common theme with the market wanting to turn around. something would have to happen at this point after seeing this direction. poor mwa one of the staples in my portfolio, love this guy. waters water man big supporter. sub $11 is almost certain at this point imo. $8 i am a buyer, if we see $5 ill be a buyer for sure, a wick down to the $4 range...
It can go up because:
1. The stock is in the channel. The support is around 10.86
2. Ehlers Smoothed Adaptive Momentum is in the green zone. That's mean that we have bullish momentum
3. MACD is bulish
Buy: 11.31
Stop Loss: 10.77
Target: 12.39
if you have any questions, let me know
Thank You
