PH had a strong earnings gap up!
* Great earnings
* Very strong up trend
* High relative strength in the Industrial sector
* Broke out of a ~7 month consolidation period with very high volume (162.6% above average)
Note:
With very high volume on earnings, this very well may be a break away gap and may continue going higher from here.
Trade Idea:
* You can enter now and ride higher.
* Or you can look for buying opportunities near the $321.65 area
* A daily close below $321.65 would expose $311.70 as the next key support which should hold firmly.
* Very strong up trend
* High relative strength in the Industrial sector
* Broke out of a ~7 month consolidation period with very high volume (162.6% above average)
Note:
With very high volume on earnings, this very well may be a break away gap and may continue going higher from here.
Trade Idea:
* You can enter now and ride higher.
* Or you can look for buying opportunities near the $321.65 area
* A daily close below $321.65 would expose $311.70 as the next key support which should hold firmly.
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