Innophus Holding, Inc (IPHS) is a specialty chemical manufacturer (phosphate). It trades at less than 10x earnings.
IPHS triggered my breakout watch alert this afternoon when it topped $20.41. The chart for IPHS shows an ascending triangle with multiple tops in this zone: $20.35 in January, $20.28 in May, $20.41 in August.
Volume is light, and it looks like IPHS will close below the breakout price. But I'll be keeping a close watch for follow through on today's price action for the remainder of the week.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment