Hubbell Inc Weekly BreakoutHubb passes the Weekly breakout criteria with high volume and good fundamentals. With a favorabel risk/reward of almost 1:4 I will be on a look out for a follow through on Monday open.
HUEC trade ideas
$HUBB with a Bullish outlook following its earnings #Stocks The PEAD projected a bullish outlook for $HUBB after a Negative over reaction following its earnings release placing the stock in drift C.
HUBB came with a beat in EPS and Rev and better outlook in 2023.Continuation of an uptrend with a 20% potential uptrend. The SL is just below the trendline but even if taken out, watch to get back in as fundamentally the likelihood of a downtrend is minimized by the fact that there is a tremendous need for modernization by the electricity providers, to enlarge their grids`capacity.
US Stock In Play: $HUBB$HUBB - Industrials | Electrical Equipment & Parts
currently RS new high before price high. swinging back above its 10/20 MAs after price lvl at $205 range proved to be a major support.
Cup and HandleI have been watching this one for a while. The long like of green made me wait on this one. It is hard to know when to buy but I like to buy red.
Technically a cup and handle pattern should only be traded at break out. Sometimes i buy closer to the handle low as it can provide support
Not a recommendation
ubbell Incorporated, together with its subsidiaries, designs, manufactures, and sells electrical and electronic products in the United States and internationally. The company operates through two segments, Electrical and Power. The Electrical segment offers standard and special application wiring device products, rough-in electrical products, connector and grounding products, lighting fixtures and controls, and other electrical equipment for use in industrial, commercial, and institutional facilities by electrical contractors, maintenance personnel, electricians, utilities, and telecommunications companies, as well as components and assemblies for the natural gas distribution market. It also designs and manufactures various high voltage test, industrial controls, and communication systems for use in the non-residential and industrial markets, as well as in the oil and gas, and mining industries. This segment sells its products through electrical and industrial distributors, home centers, retail and hardware outlets, lighting showrooms, and residential product oriented Internet sites; special application products primarily through wholesale distributors to contractors, industrial customers, and original equipment manufacturers; and high voltage products directly to its customers through sales engineers. The Power segment designs, manufactures, and sells distribution, transmission, substation, and telecommunications products. This segment sells its products to distributors, as well as directly to users, such as utilities, telecommunication companies, pipeline and mining operations, industrial firms, construction and engineering firms, and civil construction, water utility, transportation industries. Hubbell Incorporated was founded in 1888 and is headquartered in Shelton, Connecticut.
