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Good morning, and welcome to today's edition of A Better Way To Wealth! For this week's 1% Blueprint Idea, I'm looking at Barnes Group Inc. (B), which has confirmed a channel structure breakout. This past week's retest held nicely… And while that doesn't guarantee anything, it's sure a good sign for the stock price. Price action has settled above the yellow descending channel structure and the 50-day simple moving average (SMA). Therefore, we're looking for price action to test the black channel structure above which is currently in the area of the 200-day SMA. Let's take a look at the chart to see how it's all setting up right now... |
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