Woodward Breaks Out: $250 in Sight as Momentum Clears Multi-YearWoodward Inc. (WWD) just completed a textbook breakout from long-term resistance near $197, and the move is being confirmed with strong momentum, but near-term caution is warranted as RSI and MACD are both flashing extended conditions.
Technical Breakdown – WWD
Price Action – Long-Term Breakout
Price has cleared a major multi-year resistance zone around $197, a level that capped the stock for years. This breakout is part of a strong uptrend, and there's little overhead resistance until psychological round numbers like $250+. The breakout has held and extended — suggesting institutional conviction and trend shift confirmation.
Let’s walk through the Fibonacci extension analysis on Woodward Inc. (WWD) to project logical upside targets from this long-term breakout.
Fibonacci Extension Setup
We’ll anchor the Fib extension to the most relevant long-term impulse wave:
Swing low: ~$85 (October 2022)
Swing high: ~$197 (December 2023 — major resistance level just broken)
Pullback low: ~$157 (Feb–Mar 2024)
This defines the first leg of the uptrend and gives us a base for projection.
$224 zone is where price currently sits — minor resistance.
$250 matches your psychological round number target and the 1.618 Fib extension — high-probability level to take profits or expect selling.
$280 is possible if the broader market stays bullish and industrial/defense names continue to lead.
Final Take:
WWD is in price discovery above long-term resistance — with $250 as the primary upside target and $280 as a stretch zone if momentum persists.
