Chart of the Day: This Bullpen Name Still Intrigues From the Sidelines
This bullpen name has the best qualities for a bullish uptrend.
You've reached your free article limit
You've read 0 of 1 free Pro articles.
It is not a very exciting name when you look at the overall stock market, but sometimes the most boring ones provide the best profit opportunity. Such is the case for Linde (LIN), which is the world’s largest gas and engineering company based in Germany.
The chart shows this bullpen name has a nice base built from the Fall, and now a series of higher highs and higher lows. The chart shows blue bars, a strong bullish pattern on the GoNoGo composite of indicators. Momentum is strong, MACD overbought but on a buy signal, while stochastics are turning back up. Money flow is bullish too.
With the stock not far from the summer highs, we could see a modest pullback to the $500 level, at that point it could be an attractive entry.
As a member of the bullpen, we do not have Linde in TheStreet Pro Portfolio but are watching it closely.
