ESAB CorporationLong
ESAB Possible Long
ESAB’s stock is showing strong potential with a bullish flag pattern, signaling accumulation and backed by significant buying interest, as seen in the volume spike and wick out of a bullish order block. Break above $129.19 and the confirmation of a **change of character** on a lower timeframe would confirm an upward move toward the target of $140.25 Target 1, $154.29 Target 2. Additionally, ESAB’s management demonstrated confidence by declaring a quarterly cash dividend of $0.08 per share, reflecting the company’s strong cash flow and stability. This move underscores the company's financial health and commitment to returning value to shareholders, further supported by Jefferies’ Buy rating and a $160 target, strengthening the case for continued upside in the stock.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.