BWX Technologies - November 21, 2023

(BWXT, NYSE)

Open Position: 4.2%

ACB: $76.23

Last $78.24

• BWXT provides safe and effective nuclear solutions for global security, clean energy, environmental restoration, nuclear medicine and space exploration. 

• BWXT is in an uptrend above 4 moving averages.   

• After our purchase in October long upper wicks marked that top. BWXT trades a little chunky but had been setting up ok last week and Monday closed at a 52-week high.   

• We'll be looking for new highs confirmed by +Directional Movement Index (DMI) (green line bottom pane) surpassing October -DMI high (red line, bottom pane) and a resumption of Relative Strength vs. the S&P500 (bottom pane).

Our Chart of the Day is intended to be a standalone technical chart. We use them to highlight open positions, stocks on our watch list, or indicators that we believe are important, or just interesting at the time. It is not a directional market call. Feel free to share them with others who may be interested.