Tech Tracker | WAB Recommended Buy Above $111.30; CCJ's Flag-Formation Breakout Signals 10.2% Potential Upside
Our in-house experts provide daily technical analysis to assist investors in making informed trading decisions and enhancing their trading strategy.
Here's a summary of the technical analysis for 10Nov23:
1. Stock Name: Westinghouse Air Brake Technol (WAB $Westinghouse Air Brake Technologies Corporation WAB$ )
Westinghouse Air Brake Technologies Corporation, doing business as Wabtec Corporation provides technology products and services for the rail industry on a worldwide basis. The Company manufactures a range of products for locomotives, freight cars, and passenger transit vehicles. Westinghouse Air Brake Technologies also builds new locomotives and provides aftermarket services.
Entry: Buy above $111.30
Target: $113.80 (2.2%), $117.10 (5.2%)
Stop: $109.00 (-2.1%)
Shariah: Yes
Technical: Flag-formation breakout
2. Stock Name: Cameco Corp (CCJ $Cameco Corporation CCJ$ )
Cameco Corporation explores, develops, mines, refines, converts, and fabricates uranium. The Company offers uranium for sale as fuel for generating electricity in nuclear power reactors. Cameco operates worldwide.
Entry: Buy above $42.20
Target: $44.50 (5.5%), $46.50 (10.2%)
Stop: $40.40 (-4.3%)
Shariah: No
Technical: Flag-formation breakout
Source: Bloomberg, M+ Global (Malacca Securities)
More about Loui:
Loui Low leads a team of analysts to perform equity and economic research and to provide investment advisory services to the organization's sales team, fund manager and retail fraternity. He has more than 10 years of experience in the stockbroking industry.
He graduated with a Bachelor of Science in Statistics from University of Malaya. He also holds an STA Diploma and is a member of the Society of Technical Analysts (MSTA) United Kingdom.
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Our technical analysis section is updated daily and features insights from our expert analyst, Loui, on the stock market. Traders may find some trading inspiration from Loui's views.
More Insights from Loui:
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