CURTISS-WRIGHT CORP (CW)

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Every week Tech Charts Global Equity Markets report features some of the well-defined, mature classical chart patterns under a lengthy watchlist and the chart pattern breakout signals that took place during that week. Global Equity Markets report covers single stocks from developed, emerging and frontier markets, ETF’s, select commodities, cryptocurrencies and global equity indices. Below chart, Curtiss-Wright Corporation is from the watchlist section of the weekly report. It is featuring a rectangle chart pattern that can act as a bullish continuation.

CURTISS-WRIGHT CORP (CW)

Curtiss-Wright Corporation is a global integrated business that provides engineered products, solutions, and services mainly to aerospace and defense markets, as well as critical technologies in commercial power, process, and industrial markets. The stock is listed on the New York Stock Exchange. Price chart formed a 7 month-long rectangle with the horizontal boundary acting as strong resistance at 183.00 levels. The horizontal boundary was tested several times over the course of the chart pattern. A daily close above 186.00 levels will confirm the breakout from the 7 month-long rectangle with the possible chart pattern price target of 209.00 levels. (Learn more: Video Tutorial)

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