TRADING IDEA (Momentum Breakout)
AAR CORP engages in the provision of products and services to commercial aviation and government and defense industries. The company is headquartered in Wood Dale, Illinois and currently employs 4,700 full-time employees. The firm operates through two segments: Aviation Services and Expeditionary Services. Read the full profile here.
STRATEGY
Momentum Breakout Setup (Short term)
- clean breakout during last trading session (+5%)
- heavily increased buying volume
- closing price higher than $52 (latest resistance)
Last earnings: 2022-03-22
Next earnings: 2022-07-18
ACTUAL SETUP
- Buy Stop | $52.88
- Limit | $52.99
- Stoploss | $49.11
- Target | Hold between 2 - 5 days
ADDITIONAL INFO/TIPS
- Use our ChartMill Postion Sizing Tool to calculate the maximum number of shares you can buy, depending on your available capital!
- Why using Stop Limit Orders?
Disclaimer: These trading ideas are merely to demonstrate what ChartMill is capable of and shows some typical results of a breakout filter. It is in no way actual financial advise to invest or trade in these stocks. The author has no pre-existing position in any of these stocks.
