BUY! Modine Manufacturing (MOD) NYSE

  Report No. 2452    Analysis by: Harry Aloof     JULY 8, 2021

MODINE MANUFACTURING (MOD-NYSE): Technical Viewpoint: From a low of $15.46 on May 27, 2021 prices rallied, reaching a high of $18.54 on Jun 18, 2021. A decline saw prices pull back, reaching a low of $15.36 on Jun 11, 2021. Another rally saw prices penetrate resistance, closing 7/10/21 at $17.58. Technicals: MACD Index (MACD): A Buy Alert! was given on Jul 7, 2021 (study not shown) when the solid line crossed the dotted line to the upside. Support: Remains at $15.75. Resistance: Is at $18.05. Point & Figure: Reversed to the upside on Jul 7, 2021. A P&F upside reversal takes place at $17.50. Summary: Technical indicators have turned bullish. BUY! Modine Manufacturing (MOD-NYSE) @ $17.88 Stop: Use a protective stop of $16.25. Modine Manufacturing is currently trading @ $17.58 plus $1.22 on Jul 7, 2021. Price Objective: $26.00. Risk/Reward: $1.62 VS. $8.12. Today's Risk Reward Ratio: 5:1

Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study

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Price Objective:
$26.00 Risk/Reward:
$1.62 VS. $8.12 Risk/Reward Ratio:
5:1
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