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Penair (PNR) Bullish Channel in a Strong Trend

Penair (PNR) Bullish Channel in a Strong Trend

by | Sep 27, 2021 | Chart SetUps

Pentair (PNR) strong chart and trend over the last twelve months and pulling back last week in a narrow channel that found support at the 55-EMA. PNR has room to move back to monthly value-high at $79 and then further out to new highs above $80.50. The longer-term move targets $90. PNR looks set to regain some momentum after touching cloud support and both MACD and RSI pulling back and starting to turn higher again.