Daily chart for HIExcellent industrial value company with with good earnings reported two weeks ago. Strong move recently, maybe a bit too fast but who knows how far it can go till a pullback. forward PE and PEG are 11 and 1.53, very reasonable.
HI trade ideas
Strong industrial value stockGood PE and PEG ratio, Reported solid earning 2 weeks ago, strong uptrend the past few weeks, Maybe getting ahead of its self but for now its on the move
HI providing a SELL LEVELNYSE:HI
The Conservative Stop offers less exposition and a Risk/Reward Ratio of more than 9 at the risk of being too tight .While the wide stop offers much more room for the trade at the expense of a lesser Risk/Reward Ratio approximating 3 .
Whatever your style ,trading is a game of probabilities and the bulk of the profit if not all the significant profit is realised on a long serie of trades and not solely on a single trade . Results of any Individual trade shrink to insignificance when compared to the sum total of the long serie of trades . At the same time it is important to stick each time to your edge on the market in order to profit on the long term .
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Hillenbrand Announces New $300 Million Share Repurchase Program!HI: Hillenbrand, Inc.
2021-12-06 16:00:00
Hillenbrand Announces New $300 Million Share Repurchase Program
Hillenbrand IncJust a thought, patterns are pretty clear -
This will turn into a continued w 5, or fold over into a 5,3,5 zig zag
HiI picked this stock at random to test this feature.
It'll be interesting to see if it respects the trend line or retests.
$HI #Breakout SetupIn November of this the stock broke out of a massive 1+year head on shoulder pattern (on the weekly time frame). The stock has been digesting that rally for a month moving sideways right below the $40 level. The head and shoulders bottom chart pattern price target is up around $53. The current sideway breakout setup could be the launching pad to that level.
Hillenbrand an interesting play with earnings coming upHillenbrand has an 8.1/10 Equity Summary Score from Thompson Reuters StarMine with earnings coming up Wednesday. Hillenbrand has beaten analyst estimates 7 out of the last 8 quarters. The company's recent share price weakness makes it a good candidate for a pop in the event of an earnings beat.
Hillenbrand may also have an additional positive catalyst coming. Recently HI announced its acquisition of Milacron (MCRN). MCRN reports earnings tomorrow, and it has a 6.98% Earnings Surprise Prediction from Zacks. Due to the terms of the acquisition, MCRN's share price won't move much on news of an earnings beat. HI's share price, however, could get a larger pop.
Hillenbrand, Inc. to Acquire Milacron Holdings Corp.HI,MCRN: Hillenbrand, Inc.
2019-07-12 07:03:00
Hillenbrand, Inc. to Acquire Milacron Holdings Corp.
Hillenbrand Announces New $200 Million Share Repurchase ProgramHI: Hillenbrand, Inc.
2018-12-07 17:14:00
Hillenbrand Announces New $200 Million Share Repurchase Program
Hillenbrand, bullish channel and double bottomHI price is close to confirming a double bottom pattern on a weekly channel. Once confirmed, it could be an interesting long play.
