WESCO AIRCRAFT HOLDING INC - NYSE: $WAIR Continues To Flag
After breaking-out last month (May) on nearly 8X its average daily volume and in the process reclaiming its 200 DMA, shares of WESCO AIRCRAFT HOLDINGS INC - NYSE:WAIR continue to digest the recent run in and orderly manner as well as continuing in a Flag pattern as evidenced in the Daily chart above.
In addition, WAIR now finds itself trading above all of its important moving averages 20/50/200 DMA's, which portrays a healthy technical picture.
While we continue to await the resolution of the Flag pattern, the stock continues to display constructive characteristics, whereby both investors/traders may want to continue to monitor the action closely in the days/weeks ahead.
Finally, with the recent merger announcement of United Technologies Corporation NYSE:UTX and Raytheon Company NYSE:RTN, we can't help wonder if this may precipitate further M&A within the Defense/Aerospace industries moving forward down the road?
In addition, WAIR now finds itself trading above all of its important moving averages 20/50/200 DMA's, which portrays a healthy technical picture.
While we continue to await the resolution of the Flag pattern, the stock continues to display constructive characteristics, whereby both investors/traders may want to continue to monitor the action closely in the days/weeks ahead.
Finally, with the recent merger announcement of United Technologies Corporation NYSE:UTX and Raytheon Company NYSE:RTN, we can't help wonder if this may precipitate further M&A within the Defense/Aerospace industries moving forward down the road?
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To receive our alerts via email and SMS, join Insider Financial for Free at insiderfinancial.com/
We are not financial advisors. Always conduct your own research and read our full disclaimer at insiderfinancial.com/disclaimer/
We are not financial advisors. Always conduct your own research and read our full disclaimer at insiderfinancial.com/disclaimer/
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.