WESCO AIRCRAFT HOLDING INC - NYSE: $WAIR Continues To Flag
After breaking-out last month (May) on nearly 8X its average daily volume and in the process reclaiming its 200 DMA, shares of WESCO AIRCRAFT HOLDINGS INC - NYSE:WAIR continue to digest the recent run in and orderly manner as well as continuing in a Flag pattern as evidenced in the Daily chart above.
In addition, WAIR now finds itself trading above all of its important moving averages 20/50/200 DMA's, which portrays a healthy technical picture.
While we continue to await the resolution of the Flag pattern, the stock continues to display constructive characteristics, whereby both investors/traders may want to continue to monitor the action closely in the days/weeks ahead.
Finally, with the recent merger announcement of United Technologies Corporation NYSE:UTX and Raytheon Company NYSE:RTN, we can't help wonder if this may precipitate further M&A within the Defense/Aerospace industries moving forward down the road?
In addition, WAIR now finds itself trading above all of its important moving averages 20/50/200 DMA's, which portrays a healthy technical picture.
While we continue to await the resolution of the Flag pattern, the stock continues to display constructive characteristics, whereby both investors/traders may want to continue to monitor the action closely in the days/weeks ahead.
Finally, with the recent merger announcement of United Technologies Corporation NYSE:UTX and Raytheon Company NYSE:RTN, we can't help wonder if this may precipitate further M&A within the Defense/Aerospace industries moving forward down the road?
To receive our alerts via email and SMS, join Insider Financial for Free at insiderfinancial.com/
We are not financial advisors. Always conduct your own research and read our full disclaimer at insiderfinancial.com/disclaimer/
We are not financial advisors. Always conduct your own research and read our full disclaimer at insiderfinancial.com/disclaimer/
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.
To receive our alerts via email and SMS, join Insider Financial for Free at insiderfinancial.com/
We are not financial advisors. Always conduct your own research and read our full disclaimer at insiderfinancial.com/disclaimer/
We are not financial advisors. Always conduct your own research and read our full disclaimer at insiderfinancial.com/disclaimer/
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.