Pentair Ltd. delivers products, services, and solutions for water and
other fluids, thermal management, and equipment protection in the
United States, Europe, Asia, and other regions. Its Water & Fluid
Solutions segment designs, manufactures, markets, and services water
management and fluid processing products and solutions, including pumps,
valves, and pipes for water transmission applications. The company's
Valves & Controls segment designs, manufactures, markets, and
services valves, fittings, automation and controls, and actuators. Its
products, services, and solutions address various applications in the
general process, oil and gas, chemical, petrochemical, power generation,
mining, food and beverage, pulp and paper, wastewater, commercial
irrigation, and mining industries. Pentair's Technical Solutions segment
designs, manufactures, and markets products that guard and protect
sensitive electronics and electronic equipment; and heat management
solutions to provide thermal protection to temperature sensitive fluid
applications. Its products include mild steel, stainless steel,
aluminum, and non-metallic enclosures. This segment serves electrical
distributors, data center contractors, original equipment manufacturers,
contractors of greenfield developments, and maintenance contractors.
Please take a look at the 1 yr. chart of PNR (Pentair, Ltd.) that I have shown below with my added notations:
PNR has formed a small channel with a slight uptrend to it over the
last (3) months. A channel is simply formed through the combination of a
trend line support that runs parallel to a trend line resistance. When
it comes to a channel, I always tell my students that any (3) points
can start the channel, but it's the 4th test and beyond that confirm it.
You can see that PNR has multiple test points between the channel
resistance (red) and channel support (blue). Following the PNR channel
can provide you with both long and short trading opportunities.
The Tale of the Tape: PNR has formed a common chart
pattern know as a channel, in this case, an up-channel. A long
opportunity could be entered on a pullback to the channel support, which
at this point seems to be around $51. Short trades could be entered at
channel resistance OR if PNR were to break below the channel support.
Please share this article
The
mystery, at least in my mind, of the rising Euro is now clear. Outflows
of Japanese institutional money is pouring into the European bond
markets in search of higher yield.
“The stress is beginning to show,” Kyle Bass warns during a wide-ranging interview with Bloomberg TV. “The beginning of the end,” is here for Japanese government bonds
as he notes that while quantitiavely it is clear they are insolvent,
“the qualitative perception of participants is changing.” But away from
Japan specifically, there is a lot more on the Texan’s mind. “Things go from perfectly stable to completely unstable,” very quickly;
even more so after 20 years of exponential debt build-up and Keynesian
cover-ups; and it is this that he warns complacent investors that it
is “really important to think about the capital at risk in your
strategy.” For this reason he prefers to hold gold rather than
Treasuries, as, “when you think about the largest central banks in
the world, they have all moved to unlimited printing ideology. Monetary
policy happens to be the only game in town. I am perplexed as to why gold is as low as it is. I don’t have a great answer for you other than you should maintain a position.” His discussion varies from housing’s recovery to structured credit liquidity “money is being misallocated by the printing press”
and the future of the GSEs, concluding with the rather ominous, “at
some point in time, I would much rather would own gold than paper. I
just don’t know when that time is.”
