4TROW trade ideas
TROW up to new highsI have been long on TROW over the last weeks. The price has now broken a congestion range. Let's see if it can reach the double bottom target in the next weeks.
TROW: confirmed double bottomMy double bottom pattern screener program has spotted another price with a confirmed pattern. It may pul back to support in the next days. The double bottom moved the rice away from the bullish channel support line.
TROW - dividend champion with 3,2% payout increasing 15% yearlyTROW is another company that pays currently 3,2% dividend per share, increasing their dividends yearly for 15% in the last 20 years.
fair value: 75$ currently trading at 71$
1% long term debt (!), 15% increas of dividend in the last 20 years
TROW holding support, so far. A bounce maybe?Technically Speaking
TROW is holding support at 65, a level that has proven tough to crack.
The first level of supply comes in 76-78.
What to do?
If looking to get long, stop out under the red line on chart(62.50), targeting the 76-78 level(blue line).
