Heico Corp. (HEI) - Trade Stocks

Heico Corp. (HEI)

By Mon, Jan 24, 2022

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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About the Author

JC Parets, founder of All Star Charts, specializes in finding the most opportunistic risk vs. reward propositions while at the same time bringing a top/down approach to the marketplace whose wide spectrum is rivaled by few. JC begins with a long-term global macro perspective and then works his way down to the individual sector and industry level before ultimately isolating the stocks that best portray a particular thesis. Price is the most important technical indicator, but JC uses supplements such as Momentum, Relative Strength, and Fibonacci analysis to complete the process.