Chart of the Day: This Bullpen Name Still Intrigues From the Sidelines
It is not a very exciting name when you look at the overall stock market, but sometimes the most boring ones provide the best profit opportunity. Such is the case for Linde ($LIN), which is the world’s largest gas and engineering company based in Germany.
The chart shows this bullpen name has a nice base built from the Fall, and now a series of higher highs and higher lows. The chart shows blue bars, a strong bullish pattern on the GoNoGo composite of indicators. Momentum is strong, MACD overbought but on a buy signal, while stochastics are turning back up. Money flow is bullish too.
With the stock not far from the summer highs, we could see a modest pullback to the $500 level, at that point it could be an attractive entry.
As a member of the bullpen, we do not have Linde in TheStreet Pro Portfolio but are watching it closely.

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