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Out of context: Reply #41
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capsize: I don't follow PH individually, but this would be my advice. I've been long of industrials for a while, names like EMR and CRDN. I think the sector has more upside. PH's P/E appears to be inline with its sector. Looking at the technicals, 4.81% of the stock's float is open short interest. A put/call ratio of 0.346. Nothing too volatile but mildly bullish I would say. If you take a look at the 5min chart over 5 days, you'll see the stock converging with its 13 and 50 day EMA on some pretty strong volume. I would wait a little before pulling the trigger. They have beaten earnings for the past year, so I would say wait for their next earnings release before you start averaging in.
- Hedge thanks for responding- sounds conventional, slighlty cautious, but balanced. Thanks.capsize