Chart Industries: If You're Long, Get Longer

 | Feb 13, 2017 | 4:07 PM EST
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Way back on April 15 we found a bullish-looking chart for Chart Industries (GTLS)  . At the end of our article, we said, "GTLS could make further gains into the $30 to $35 area in the weeks ahead."

Now that GTLS has reached $40, we realized we owe you an update.

In this updated daily bar chart, above, we can see GTLS reached our $30-$35 price target and has kept going up. Prices are above the rising 50-day moving average line and the rising 200-day moving average line. The On-Balance-Volume (OBV) is generally positive and the MACD oscillator is pointed higher above the zero line.

In this updated weekly chart of GTLS, above, we can see prices are still above the rising 40-week moving average line. The weekly OBV line is positive and so is the MACD oscillator.

In this Point and Figure chart of GTLS, above, we have a $49 price target. Stay long and add to longs. Risk a close below $36 now.

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