economy
Industrials are catching up to the rest of the market. Katie Stockton is watching these names
The founder of Fairlead Strategies says three industrial stocks are poised for strong moves higher, based on the charts.
TL;DR
- The industrial sector has broken out, mirroring the S&P 500's earlier advance.
- Key industrial stocks GE, CAT, and GEV display strong technical indicators suggesting further gains.
- The sector's improving relative strength indicates a broadening of market leadership.
- Bullish crossovers and sustained price levels above moving averages support the industrial sector's uptrend.
- GE, CAT, and GEV each have specific price objectives and support levels identified based on technical analysis.