$PNR with a bullish outlook following its earnings #StocksThe PEAD projected a bullish outlook for NYSE:PNR after a negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 75%.
PNT trade ideas
$PNR - basing and breakoutNYSE:PNR - Price is within the consolidation base but 6-7week consolidation breakout within the broader consolidation.
Further bullish confirmation:
Price above Key moving averages on daily, weekly and monthly charts
MACD positive on D,W,M timeframe.
MACD just turned up positive on weekly and monthly chart - possible new longterm bullish momentum.
Positive earning, sales numbers & estimates.
Bullish earning reaction by the market and analysts upgrades.
LONG - PENTAIR (PNR) - 1DDECISION PROCESS
Trend is progressive (exponential selling strength to target price level)
Strong selling exhaust (price is moving strongly with volumes)
Buying pressure (First buying signal appear on support levels)
Contradictory strength (Second buying signal (and confirmation of first one) appear with a buying volume candle)
TIPS
- If market is lateralizing and didn't took direction until the 61.8% extension of the last mouvement (red vertical dash), exit or target breakeven of the position need to be think of.
- On r/r=1 breakeven of the position need to be think of.
- No need to cover much lower than the lowest wick cause we already did a strong pin bar on support.
- Always stay aware of economic news and movement of the engulfing market (Here YM1! / ES1!).
PS : You can target top of channel for a longer term position, also a more risky position. The more you are on market much the risk to take losses is higher.
PNR.NYS_Swim Trading VZ Breakout Trade_LongENTRY: 77.32
SL: 72.93
TP1: 80
TP2: 82
- ADX<20. Would like it to be higher.
- RSI>50.
- Holding around pivot point "P". Optimal if price maintain above it.
- Entry based on breakout from VZ yesterday.
- Strength meter shows weakness so entered with lower risk.
Pentair continuing to make Higher Highs. Just having a play around with some of the charting functionality and thought I would put this one of Pentair up. Stock looks interesting. It has been having a great run this year up over 100% gains and has bounced off support to new highs after a recent pull back so hopefully the trend will continue. Earnings aren't too far away so exercise caution.
About: Pentair provides clean water solutions for residential, commercial, industrial, infrastructure, and agriculture applications.
PNRsolutions that help people move, improve and enjoy their water, to our sustainable innovations and applications, Pentair makes the most of life’s essential resources.
The 17 analysts offering 12-month price forecasts for Pentair PLC have a median target of 60.00, with a high estimate of 70.00 and a low estimate of 48.00.
PNR - Elliottwave analysis - dump and pump set upPNR - It is in strong up trend in impulse cycle and 3rd wave is in progress. Wait for one more cycle down to get in to buy set up near 49-48 zone for final wave up in 3rd wave cycle for target above 60. Here small sell set up is possible on bounce in 15 min time frame of B wave of 4th wave up near 54.50- 55.50 zone for target below 49 for C of 4th wave down.
Give thumbs up if you really like the trade idea.
Pentair makes a new All-time High PNR joined many Industrial stocks in making new all time highs before getting brought back down by the broader market. Watchlist and enter if it outperforms the market. Stop loss currently at 10.01% based on 10d ATR (x2.7) and a position size of R9.99.
Stop Loss: 10.01% (47.54)
Position Size: R9.99
PENTAIR PLC now is in BUY Situation Hey guys, PENTAIR PLC is in a bullish movement with large sell volume late in the session and a bull doji followed by a denying buyers shadow. By taking a look at the TIMEFRAME 1 Min we can see a bull trait, which starts on a price increase. In this situation one goes to breakout the zone of consolidation to join another and reach its next higher. Then after on the next high, then see how the sellers take over.
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#PNR #stock #longPNR has formed a double bottom. MACD and stoch rsi have crossed up. OBV looks good. PNR looks to hit $76.32 over the next two months.
weekly
rising uptrend, however, MACD and stoch RSI is pointing down. OBV is going up. A little pit of indecision in the weekly.
monthly
Rising uptrend, all the indicators are positive.
PNR Quarterly ChartPentair makes all kinds of equiment for fish farms which will be required in the not too distant future to maintain population growth as the seas continue to decline.
I see 30% pretty easily in the next few quarters. 100x off the bottom is 127 dollars another key level to watch if we dont correct very much after my (potential) wave 5 completes
Be sure to manage your risk
gl hf
xoxo
sn00p
PNR- Inverse Head & Shoulder PatternPentair plc operates as a diversified industrial manufacturing company in the United States, Europe, and internationally. Company operates through three segments: Water Quality Systems, Flow & Filtration Solutions, and Technical Solutions. The Water Quality Systems segment designs, manufactures, markets, and services a range of recreational water treatment equipment, including energy-efficient pumps and point-of-entry/point-of-use filtration products, valves, and UV sanitization and automation controls under the Pentair, Pentair Aquatic Eco-Systems, Everpure, Kreepy Krauly, Sta-Rite, and Shurflo brand names. This segment also provides design and consulting services, and water technologies that are used in industrial, residential, commercial, municipal, foodservice, aquaculture, aquaponics, aquatic life support systems, irrigation and flood control, and wastewater applications. The Flow & Filtration Solutions segment provides solutions for the filtration, separation, and flow and fluid management in agriculture, food and beverage processing, water supply and disposal, and various industrial applications. This segment offers its products under the Aurora, Berkeley, Codeline, Fairbanks-Nijhuis, Haffmans, Hypro, Sta-Rite, Sudmo, and X-Flow brand names. The Technical Solutions segment designs, manufactures, markets, and services mild steel, stainless steel, aluminum, and non-metallic enclosures; cabinets, cases, subracks, backplanes, and engineered fastening solutions in a range of industries and verticals; and thermal management systems, including heat tracing, floor heating, fire-rated and specialty wiring, sensing, and snow melting and de-icing solutions for industrial, commercial, and residential use. This segment offers its products under the CADDY, ERICO, Hoffman, LENTON, Raychem, Schroff, and Tracer brand names. Pentair plc was founded in 1966 and is based in London, the United Kingdom.
Director has bought on May 15,16, and 17 around 55,000,000 million share, which to me appears positive. *In my opinion, this stock will be going up around $20.00 more atleast for rest of 2017, until around $80.00. This will also, give you two more times to add dividend check too. H&S patterns are very solid. Might be a fit to trade call options and or buy shares to hold. Have a great day trading and remember price action is always #1 & money management.
