[Premium] Trade Of The Week

JC Parets
September 13, 2021

This week we’re looking at a long set up in the Industrial Manufacturing sector. We're seeing a good move here as more stocks break out from their overhead supply zones.

Here's another one that has grabbed our attention.

Carborundum Universal is one name that featured recently in our Monthly Conference Call as well. What we saw over the last week was a crucial breakout above the level of 828. As the price rose above the resistance, the indicator too moved higher, within the bullish momentum territory.

This sector has been seeing more breakouts off late, and Carborundum has now joined the other names. We are bullish above the risk management level of 828. The next target to track would be 1,230.

Thanks for reading and please let us know if you have any questions.

And if you're a Premium Member, be sure to check out our other weekly post, "Three Charts For The Week Ahead."

Allstarcharts Team

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