MODINE MANUFACTURING
(MOD-NYSE):
Technical Viewpoint: From a low
of $15.46 on May 27, 2021 prices
rallied, reaching a
high of $18.54
on Jun 18, 2021. A
decline saw prices pull back, reaching a
low of
$15.36 on Jun 11, 2021.
Another rally saw prices penetrate
resistance, closing 7/10/21
at $17.58. Technicals: MACD Index (MACD): A Buy Alert!
was given on Jul 7, 2021 (study not shown) when the solid line crossed the dotted line to the upside.
Support: Remains at $15.75. Resistance: Is at $18.05.
Point & Figure: Reversed to the upside on Jul 7, 2021. A P&F upside
reversal takes place at $17.50. Summary: Technical indicators have turned bullish. BUY! Modine Manufacturing
(MOD-NYSE) @ $17.88 Stop: Use a protective stop of $16.25.
Modine Manufacturing is currently trading @ $17.58 plus $1.22 on Jul 7, 2021. Price Objective:
$26.00. Risk/Reward: $1.62 VS. $8.12. Today's Risk Reward Ratio: 5:1
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