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Advanced Energy Industries In A Symmetrical Triangle

|Includes: Advanced Energy Industries, Inc. (AEIS)

Advanced Energy Industries (AEIX) is in a Symmetrical Triangle pattern. With rising EPS forecasts over the last 30 days, the bet is a breakout.

I also like that there is a clearly definable stop loss that can be set just below the lower trend channel wall should the trade go south.

Source: Advanced Energy Industries Stock In Symmetrical Triangle

Disclosure: The author has no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.