Heico Corp. (HEI)
Hey,
We’ve got an out of this world trade for you today!
Today’s Chart of the Week is fresh from our 2 to 100 Club Report, which scans companies in the $2-$30 billion range to identify the next $100 billion stock.
That could very well be Heico Corp. (HEI), a $20 billion Aerospace and Defense company.
HEI is ready to break out big time as both its price and relative strength have built beautiful bases.
If HEI is above the 150 levels, which are its highs from 2019, we are long with a target of 210.
Below the 150 level, there’s too much risk of going sideways or down, so we’re sitting it out.
But once it breaks those former highs, we’re set to blast off.
Til next week, good trading,
JC Parets
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