We are expecting the price to make new correction wave and retrace to the 50% fib zone. Stochastic Oscillator shows the stock is oversold, which indicates probable pullback to the upside. Also, the price is currently far below EMA, that is why we are expecting the price to rally. Entry: 111.7 Invalidation: 107.51 Target: 119.01
In the IBD ranking, NYSE:ARW is number 9 in its industry. While NASDAQ:TRNS is number one, which already made the breakout and has a +20%. Since I missed that move I´m focusing on SET:ARROW . The electronics parts distributor has made 3 higher lows and shows a pivot buy above $123.50. With a stop loss at $118.27, my target sell will be above $138. I´ll be...
ARW is one of many stocks that declined recently. HFTs gapped and ran the stock down. In order to capture these high profit runs down, entries must be made prior to the gap.