This Industrial Company’s Break-Out from Two Years of Consolidation is Bullish, but Also Signals the Potential for a Similar Move in Broader Equities
In the chart below ITW has, as of today (if gains hold), officially broken out from a ~two-year consolidation/flag pattern b/t lines (1a) and (2a). The stock should be bought on this break-out. However, at the same time, note how…