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Chart Industries (GTLS) Bullish Range Break

Chart Industries (GTLS) Bullish Range Break

by | Jul 21, 2021 | Chart SetUps

Chart Industries (GTLS) triggered a YTD value zone breakout this morning at the $152 level and caught a nice move up to near $159. GTLS has potential for an even bigger long weekly flag breakout with RSI recently dipping back and bouncing at the key 50 level while MACD nearing a bull crossover. The measured move would target a run to $230 or higher. GTLS is also a favorite fundamental name with its exposure to Energy Transition and ESG themes as a leading pick & shovel play for Hydrogen where it continues to make strategic acquisitions and also has water treatment and carbon storage capabilities that address high-growth opportunities.