MAXAR TECHNOLOGIES INC - NYSE: $MAXR Nears Potential Break-Out
After recapturing its 200 day moving average last week on healthy volume, shares of MAXAR TECHNOLOGIES INC. - NYSE:MAXR appear to be nearing a potential break-out into higher ground as we can observe from the Daily chart above.
With MAXR now trading above all of its important moving averages 20/50/200 DMA's, the stock finds itself in a healthy technical posture potentially seeking greener pastures in the days/weeks ahead.
In particular, should MAXR be capable of taking-out the $10.05 figure and 'stick' at any point in the days ahead, such development, should it materialize, would like signal/trigger that the stock wants higher ground with and initial objective in the $12 - $13 zone, while from a longer-term perspective, a secondary objective in the $17 area.
Thus, both investors/traders may want to continue to monitor the action in MAXR closely and of most importance, a break above the $10.05 level that can sustain as a sign that things may just be about to heat up.
With MAXR now trading above all of its important moving averages 20/50/200 DMA's, the stock finds itself in a healthy technical posture potentially seeking greener pastures in the days/weeks ahead.
In particular, should MAXR be capable of taking-out the $10.05 figure and 'stick' at any point in the days ahead, such development, should it materialize, would like signal/trigger that the stock wants higher ground with and initial objective in the $12 - $13 zone, while from a longer-term perspective, a secondary objective in the $17 area.
Thus, both investors/traders may want to continue to monitor the action in MAXR closely and of most importance, a break above the $10.05 level that can sustain as a sign that things may just be about to heat up.
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We are not financial advisors. Always conduct your own research and read our full disclaimer at insiderfinancial.com/disclaimer/
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