MDU Is Jumpy!Bulls are more convincing than bears here and I think that gives us a good reason to get long. Watch as I break this one down in 3 minutes.
MDU trade ideas
MDU - Key reversal (KR) buy setupConfirmation signals
- Key reversal (KR) buy signal
- Volume spike
- RSI Divergence
- Strong support
- Trend line respected
Take Profit 30.98
Buy stop 28.70
Stop Loss 27.98
MDU longPE 13.9 (industry 19.2; market 19.2)
PB 1.7 (industry 2; market 1.8)
PExPB 23.6
good ROE, good earning growth in the past
MDU Resources Earnings Increase 16% in 2020; Company Initiates 2MDU: MDU Resources Group, Inc.
2021-02-03 16:00:00
MDU Resources Earnings Increase 16% in 2020; Company Initiates 2021 Guidance
MDU Resources Increases 2020 Earnings Guidance!!!MDU: MDU Resources Group, Inc.
2020-12-14 08:00:00
MDU Resources Increases 2020 Earnings Guidance
MDU - Triangle BreakoutMDU broke out of an acsending triangle
now retesting breakout area
looking very bullish
MDU RESOURCES GROUP ChartHey guys, MDU RESOURCES GROUP is in a bullish push with panic and low sales volume made. In TIMEFRAME M1 we can see a bullish continuation and go to break a consolidation zone. Strong potential to join the last precedent above to make up for the loss before session and arrival on the resistance of June 2019 (See TIMEFRAME H4). Not enough force to get to half the median.
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MDU Resources Group acquires stock of PerLectric, Inc.MDU: MDU Resources Group, Inc.
2020-02-03 16:25:00
MDU Resources Group acquires stock of PerLectric, Inc.
$MDU Consolidation Before BreakoutTo wrap up the year I'm going to leave you all with one more idea I have my eyes on. In this situation, we're looking at $MDU.
MDU Resources Group is a stock that we have seen consolidate into two different patterns over the course of the last nine years. Both respective patterns have yielded excellent results as both have reached their respective targets. Now it is almost time for our third pattern to breakout.
This time we are seeing price consolidate into a three and a half year long rectangle.
I'm looking for a clear break (1W candle close) above the price of $30 (dotted purple line.) After we get a clear breakout above that level, I'm looking to enter a long position targeting the price of $36.20 for a gain of ~22%.
To further support the idea of a bullish breakout, we can see the 200 EMA resting below the breakout level, which adds to my conviction that we will see a breakout to the upside.
If you would like to see more of these ideas on a regular basis, follow me as I will be posting many more exciting chances to earn on chart pattern breakouts this upcoming year!
Drop a like or comment if you found this idea informational or helpful in any way. I wish everyone a happy and healthy new year!
Cheers
$MDU Resources on Breakout alertAlert set for cross above $29.81
Entry level $ 29.91 = Target price $32.37 = Stop loss $29.26
P/E ratio 18.36
Company profile
MDU Resources Group, Inc. engages in the provision of natural resource products and related services to energy and transportation infrastructure. It operates through the following business segments: Electric, Natural Gas Distribution, Pipeline and Midstream, Construction Materials and Contracting, Construction Services, and Other. The Electric segment generates, transmits and distributes electricity in Montana, North Dakota, South Dakota, and Wyoming. The Natural Gas Distribution segment distributes natural gas in Montana, North Dakota, South Dakota, Wyoming, Idaho, Minnesota, Oregon, and Washington. The Pipeline and Midstream segment offers natural gas transportation, underground storage, processing and gathering services, as well as oil gathering, through regulated and non-regulated pipeline systems and processing facilities. The Construction Materials and Contracting segment mines aggregates and markets crushed stone, sand, gravel and related construction materials, including ready-mixed concrete, cement, asphalt, liquid asphalt and other value-added products. The Construction Services segment refers to the inside and outside specialty contracting services. The company was founded by C. C. Yawkey, R.M. Heskett and Walter Alexander on March 14, 1924 and is headquartered in Bismarck, ND.
MDU Resources Increases 2019 Earnings GuidanceMDU: MDU Resources Group, Inc.
2019-12-09 16:25:00
MDU Resources Increases 2019 Earnings Guidance
MDU Resources Reports Increased Second Quarter Earnings, IncreasMDU: MDU Resources Group, Inc.
2019-07-30 16:25:00
MDU Resources Reports Increased Second Quarter Earnings, Increases 2019 Guidance
Dow drops 1,100 points :( #10 MDU)Break a support level accompanied with bad news like this:
U.S. stocks plunged the most in 6 1/2 years, with the Dow-Jones-Industrial-Average sinking more than 1,100 points, as the equity selloff reached a fever pitch amid rising concern that inflation will force interest rates higher. Treasuries rallied and gold-rose on haven demand.
The key for short selling stocks
MDU- Upward momentum Long from $27.53 to $31.47MDU formed nice momentum Long setup. It has strong upward momentum & moneyflow also crossed above Zero recently. We think it has good upside potential.
* Trade Criteria *
Date First Found- May 30, 2017
Pattern/Why- Upward momentum Long.
Entry Target Criteria- Break of $27.53
Exit Target Criteria- $31.47
Stop Loss Criteria- $26.87
Please check back for Trade updates. (Note: Trade update is little delayed here.)
