0ICP trade ideas
Ascending Triangle/Earnings 1-31 BMONeutral pattern until broken.
Ascending triangles are thought by most to be bullish, but it is still a triangle and ascending triangles break to the downside in many cases especially in a bear market.
Price is slightly above the .382 of the trend up since the covid low. I have been a bit leery on anything above the .382 with earnings around the corner.
4 year high 184.05 and 4 year low is 62.95.
Earnings 1-31 BMO. Numbers to beat are a little softer than last quarter but not much softer. Analysts appear to be negative.
I am not buying this right now, but this company has decent fundamentals. I keep it on my watchlist. It is one of those that stay in the background and is not in the spotlight. I guess it is just not a super exciting type stock! lol
No recommendation/Move will most likely depend on earnings. I would be leaning on the Short side if I had to choose. There has been around 8 attempts to break the resistance overhead
EPS (FWD)
8.44
PE (FWD)
16.97
Div Rate (FWD)
$2.02
Yield (FWD)
1.41%
Short Interest
1.51%
Market Cap
$20.10B
Dover Corporation provides equipment and components, consumable supplies, aftermarket parts, software and digital solutions, and support services worldwide. The Engineered Products segment provides various equipment, component, software, solution, and services that are used in aftermarket vehicle service, solid waste handling, industrial automation, aerospace and defense, industrial winch and hoist, and fluid dispensing end-market. This segment also offers manual and power clamp, rotary and linear mechanical indexer, conveyor, pick and place unit, glove port, and manipulator, as well as end-of-arm robotic gripper, slide, and end effector. Its Clean Energy & Fueling segment offers component, equipment, and software and service solution enabling safe transport of traditional and clean fuel, and other hazardous substance along with supply chain, as well as operation of convenience retail, retail fueling, and vehicle wash establishment. The Imaging and Identification segment provides precision marking and coding; packaging intelligence; product traceability equipment; brand protection; and digital textile printing equipment, as well as related consumable, software, and service to packaged and consumer good, pharmaceutical, industrial manufacturing, fashion and apparel, and other end-market. Its Pumps and Process Solutions segment manufactures specialty pump, connector, and flow meter, fluid connecting solution, plastics and polymer processing equipment, and engineered components for rotating and reciprocating machines. The Climate & Sustainability Technologies segment manufactures refrigeration system, refrigeration display case, commercial glass refrigerator and freezer door, and brazed plate heat exchanger for industrial heating and cooling, and residential climate control applications. It sells its products directly and through a network of distributors. The company was incorporated in 1947 and is headquartered in Downers Grove, Illinois.
DOV - Breaking out of consolidation. Great R/R ratio!I will keep this simple.
We got a new all time high breakout, followed by a nice consolidation from which we are now breaking out.
You can look to buy at current level or wait for a move above yesterday's high if you like and keep it as long as price remains above 120.
I'm not putting any target zone for now, as I suspect this could turn into a more long term position.
V Cup and Handle Earnings 10/20 BMOEarnings 10/20 BMO
Pattern is only valid if long entry level is reached
Possible stop below handle low or mid V cup under 91.6
DOV has fallen from a bearish rising wedge and seems to have recovered
NV is high/short interest is low
Support noted at 112.74ish and 110.75ish, so close by
Of course if they miss earnings the 2nd or 3rd level of S may have to kick in
Looks like a bullish chart but not a recommendation
Be safe
We all like different stocks and I do need to add an industrial type stock to my portfolio. I have been watcghing CMI but can not seem to catch up with it )o: So I started looking at this one.
Dover Corporation provides equipment and components, consumable supplies, aftermarket parts, software and digital solutions, and support services worldwide. The Engineered Products segment provides aftermarket vehicle services, solid waste handling, industrial automation, aerospace and defense, industrial winch and hoist, bearings, drives, electric monitoring, and fluid dispensing systems. This segment also offers manual and power clamps, rotary and linear mechanical indexers, conveyors, pick and place units, glove ports, and manipulators, as well as end-of-arm robotic grippers and slides and end effectors. The Fueling Solutions segment transports fuels and other hazardous fluids, as well as operates retail fueling and vehicle wash establishments. The Imaging and Identification segment provides precision marking and coding; product traceability; and digital textile printing equipment, as well as related consumables. The Pumps and Process Solutions segment manufactures specialty pumps, fluid handling components, plastics and polymer processing equipment, and highly engineered components for rotating and reciprocating machines. This segment also manufactures pumps that are used to transfer liquid and bulk products in various markets, including plastics and polymers processing, chemicals production, food/sanitary, biopharma, medical, transportation, petroleum refining, power generation and general industrial applications. The Refrigeration & Food Equipment segment manufactures refrigeration systems, refrigeration display cases, commercial glass refrigerators and freezer doors, and brazed heat exchangers for industrial heating and cooling, and residential climate control applications; and commercial food service equipment and can-shaping machinery. The company sells its products directly and through a network of distributors. Dover Corporation was incorporated in 1947 and is headquartered in Downers Grove, Illinois.
Dealers of Vengeance is going down (2)This stock has completed several ABCD patterns to the upside these past years. Now it seems we are rolling over and a shorting opportunity is presenting itself. My current take on the overall market i am leaning towards a 2 year break consolidation patterns like in 2015-2016 and not a full blown crash like 2008 or 2003. On the very near term i think SPX is overextended to the upside.
Timing = 0 ( The market could have made its deepest low ( 24 december ) and now be on the way up for awhile)
Volume = 1 ( The volume is weak on this recent counterbounce )
Group strength = 1 (Industrials looks weak)
Entry = 1 ( I like this entry because it would be overextended)
Fractal = -1 (fractals dont support breakdown at this time)
DOV GAP UPDOV had a bearish week having the only bullish day on friday. This movement could be just take profit from the short orders. If monday DOV shows a bullish sign like opening with a gap up, I would take the trade. If not, I would wait to see it in 81.50 support level.
KL: 84.60
SL: 82.90
TP1: 87.15
TP2: 89.50