WHD trade ideas
Possible VCP ... but will it hold in the current market?I have not been posting recently - due to one reason ... the market is not giving any nice setups. As i have learned CASH IS A POSITION. I do not need to be in the market all the time. I took couple of trades and got stopped out. You see breakouts working 2-2% above breakout level and then they fail. Better to watch from a side line. So i am actually posting this WHD as 'maybe it will work' but i have limited confidence. Time will tell :) Trade safely!
Cactus Inc Breakout Trade setupEntry level $35.50 = Target price $40.75 = Stop loss $34.45
Trade the breakout from golden pocket resistance
Stochastic bullish reversal setting up
Momentum and RSi both strong.
Golden cross complete on moving averages.
Average analysts price target $36 | Buy rating
P/E RATIO 20.91
Cactus, Inc. engages in the design, manufacture, sale and rent out of a range of engineered wellhead and pressure control equipment. The products of the firm are sold and rented principally for onshore unconventional oil and gas wells, and are utilized during the drilling, completion, and production phase of wells. Its products include well head systems, frac stacks, zipper manifolds, and production trees. The company was founded in August 2011 and is headquartered in Houston, TX.