CW is technically oversold near support; a bounce to $68 is possible if price pierces $50.
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Uh next up, we've got Curtis Wright Corporation. also in that similar category of def airplane and aerospace defense expect except for this one has a little bit more focus on uh defense electronics naval and power uh as well as the industrial side of the aerospace.
So we see similar to Rathon price action is coming in to right on these pivot tops. The interesting part here on CW is we've got our 618 fib retrace back here from the April lows sitting at $473.65.
65. Now we flip over to the weekly time frame. We're already oversold on the RSI under 30 registering 28.52. So we should be seeing a pending bounce basically at any given moment here on CW.
One thing that's got my attention, notice where price is over here. $5910. The low this week is at 50231. If we're able to get a pierce of $500, that very well may be a nice spot for a clean technical bounce that could take you up here to $68, a substantial $100 gain.
So, I'll be monitoring this over the next couple days. In fact, slam an alert right there on the chart with you here during the show.
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What this channel has said about $CW
Verified Investing has only this one call on this stock.