We have been following PNR (a London based industrial products company) for many months in the NFTRH+ Notes & Charts segment of NFTRH using this weekly chart. The breakout (B/O) noted refers to the horizontal green lines (now support), not the trend channel (black dashed). A couple of points here; Pentair has a high level of debt vs. cash (1.5B vs. 108M, ex-div. date Jan. … Continue reading NFTRH+; a Long-Watched Stock Holding its Bullish Parameters
It’s about as boring a company as you are going to find. It’s a UK based industrial products company. But it’s also got a chart that’s as good as gold (circa 2009). We’ve had Pentair (PNR) on radar in NFTRH’s Notes & Charts segment for a long time. The pullback today to fill the daily chart’s gap gave me a chance to try it as … Continue reading PNR: As Good as Gold?