WED 2/25: NVT – BUYING (1/3) @ $121.91

9:51 AM – Getting back into NVT this morning as shares are breaking out to new highs above the ROUND-$120 level on above-average volume. If I had a nickel for every time I’ve used that phrase over the past 25 years, I could quit my day job.

Nearly all of the stock’s ranks are about as strong as they can be, with the exception of the Accumulation/Distribution rating, which is somewhat lower. That can improve quickly if more above-average volume up-days like today continue. The company’s fundamental history remains solid, and the stock is acting as a leader within its group.

I’m a buyer here this morning.

MY BUYS:
1/22 (1/3) @ $112.15
2/25 (1/3) @ $121.91

MY SELLS:
2/10 (ALL) -$569.65 -2.8%

James’ Trader’s Tip: Breakouts Above Round Numbers Matter

    • Breakouts above clean psychological levels often attract momentum buyers.

    • Volume confirms whether institutions are participating.

    • High ranks plus leadership groups increase probability.

    • Always re-enter strength — not weakness.

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Chart services courtesy of stockcharts.com. Annotations by James Taulman.