Today, I am looking at Archrock Inc, with ticker AROC, for a possible upside potential. Archrock has been doing some amazing job recently, and it's seen a growth of 200% in EPS in Q4 of 2023. The company, had an average growth of earning of 115% in past three quarters, and despite gas prices falling, this company is performing well. Where I am planning on...
Archrock provides natural gas equipment, service and maintenance. This is an area of the market I mentioned seeing a lot of strength in over the last few weeks (see Market Leaders are Failing post), and AROC is one of the top performers. The stock came out of a textbook consolidation base last month before climbing 25% in just two weeks. After this parabolic...
Completing a zigzag here with Wave C nearly confirmed. I love zigzags, they make predicting endpoints so much easier in so many way. With the recent drop on the SPX, it is not surprising that we are generally bearish (or shortish) on many of our positions. Archrock is another one heading down the pipe, so let it fall. We are not in the business of getting every...
The final part of the puzzle is overlaying a chart pattern that lines up with your fundamental view. Once all ducks are in a row (Macro, Economic, Bottom-Up analysis) we can look to Elliott Wave to help us to enter a trade at a low-risk entry point and take advantage of a high probability trade opportunity.