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InfinityCapital
Jul 1, 2020 4:34 PM

Buy Timken above 976 Long

TIMKEN INDIANSE

Description

I will be buying timken above 976

Technical: stock quickly recovered from recent COVID-19 crash lows. the price has been contracting, last few days price action looks constructive.

Fundamental:
This stock shows good sales and profit growth.

5 years of sales growth - 18.3%
5 years of profit growth - 26.7%
Margins at a record high of 22%, although this doesn't look sustainable
TTM earnings up 65%

Trade active

up 5%. breaking out on good volume in the first hour. let's see if the price sustains

Trade closed manually

sold at 995. price reversed hard from all times highs, will look for a strong base build and take a position in the future
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