EarningsBeats Digest

Published: Fri, 01/15/21

EarningsBeats.com Digest for January 15, 2021

EarningsBeats.com Webinars kick into high gear!

Check out 3 upcoming events you won't want to miss!

This Industrial Machinery Company Looks Good On A Pullback

Altra Holdings (AIMC) has been showing leadership throughout the past year against both its industrial machinery peers ($DJUSFE) and the benchmark S&P 500. AIMC raised guidance in October 2020 and the company has performed exceptionally well ever since. The pullback over the past few days, however, is potentially setting up a nice entry point as the 20 day EMA approaches. Also, watch for price support just above 57.50:

Industrial machinery just broke out above its December high and AIMC's AD line suggests institutions have been buying the stock. Generally speaking, when a leader pulls back to test a key technical level, it makes sense to consider entering the stock.

Happy trading!

Tom Bowley, Chief Market Strategist

EarningsBeats.com

"Better Timing. Better Trades."