This stock is in the very hot aerospace and defense group. It also has a created a heck of a nearly two year bottoming pattern targeting much higher prices. Let's take a look.
Note price edging up against the neckline on today's huge breakaway gap. If a price breakout were to occur over ~27.50, it would likely be accompanied by a relative strength breakout and a bullish MACD cross.
One more reason I'm interested is a possible 4-5 year double pattern where last July's low undercut the 2009 low. Of course it's too early to tell, but this can be a multi-year performer allowing us long term tax advantages.
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