Chart Industries, Inc. manufactures and sells engineered equipment
for the industrial gas, energy, and biomedical industries worldwide. The
E&C segment primarily provides brazed aluminum heat exchangers,
Core-in-Kettle heat exchangers, air-cooled heat exchangers, and cold
boxes for natural gas processing, liquefied natural gas (LNG), and
industrial gas applications. The D&S segment designs, manufactures,
services, and maintains bulk and packaged gas cryogenic solutions for
the storage, distribution, vaporization, and application of industrial
gases; and offer cryogenic components, including vacuum insulated pipe,
engineered bulk gas installations, specialty liquid nitrogen, end-use
equipment, and cryogenic flow meters. The BioMedical Segment offers
respiratory oxygen product line that comprises medical respiratory
products, including liquid oxygen systems and stationary, transportable,
and portable oxygen concentrators, which are primarily used for the
in-home supplemental oxygen treatment of patients with chronic
obstructive pulmonary diseases.
Take a look at the 1-year chart of Chart (NASDAQ: GTLS) below with the added notations:
GTLS declined rapidly last summer and fall all the way down to it’s
January low. The stock has since rallied more than 50 percent. Over the
lat 6 months the $40 price level (blue) has become somewhat important to
the stock. Not only was $40 a key support in October, as well as
resistance in March and April, but that level has also been a recent
support for the GTLS here as of late.
The Tale of the Tape: GTLS has a key level at $40. A
trader could enter a long position on a pullback down to $40 with a
stop placed under the level. However, if the stock were to break back
below $40, a short trade could be made instead.
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