Midcap Industrial Setting Up For Breakout to New Highs
Donaldson (DCI) a strong midcap industrial name quietly nearing a breakout to new highs after bouncing off the lower edge of monthly value this week and closing strong on Wednesday back over the monthly POC and now close to clearing value above 61. A breakout can likely target 63 as a first target with the 68 level being an extended target at an untested VPOC from 2021. A close back under 58.50 would be a prudent stop loss level.