Babcock & Wilcox Enterprises Stock Forum

$Babcock & Wilcox Enterprises(BW.US)$
NEWS
Babcock & Wilcox Awarded Approximately $15 Million Contract to Supply Environmental Equipment for Middle East Industrial Plant

$Babcock & Wilcox Enterprises(BW.US)$
NEWS
Babcock & Wilcox Announces Increased Full-Year Adjusted EBITDA Target of $105 Million to $115 Million, New Contracts and Awards of Approximately $500 Million Year-to-Date
Babcock & Wilcox Enterprises, Inc. (BW) announced year-to-date contract signings and awards of approximately $500 million, nearly doubling the amount from the previous year. The company raised its Full-Year 2024 Adjusted EBITDA target to $105-115 million, excluding certain expenses, du...

$Babcock & Wilcox Enterprises(BW.US)$ 📈

Gainers:
In reaction to earnings/guidance:
• $RPM International(RPM.US)$ +1.3%, $Southside Bancshares(SBSI.US)$ +1%, $Vodafone(VOD.US)$ +0.7%
Other news:
• $SIGA Technologies(SIGA.US)$ +27.6% (World Health Organization decided that the global monkeypox outbreak represents a public health emergency of international concern)
• $Infrastructure & Energy Alternatives(IEA.US)$ +24.5% (MasTec (MTZ) will acquire outstanding shares of IEA in a...

Stock Scalpers
The Ascending Triangle 

What is an Ascending Triangle formation?
Like many of the patterns we have explored, the ascending triangle is often regarded as a continuation pattern. The formation shows a period of consolidation before a breakout. 
This pattern is created when the following occur:
1) Price action allows for a horizontal trend line to be drawn attaching at LEAST two highs.
2) A trend line can be drawn along at LEAST two lows
Traders watch for breakouts along the upside of the ascending triangle because the breakout generally occurs in the direction of the trend. 
What is an Ascending Triangle actually telling us?
The buyers are still in control. The price continues to return to the previous high. More important is the continuation of the higher lows. This shows seller enthusiasm waning and buyers regaining the upper hand.

Trading with the Ascending Triangle
- Most traders use an upside breakout of an ascending triangle as a signal to go long and a downside breakout as the signal to short.
- A stop-loss can be set just under the trend line after a breakout if going long and just above the bottom trendline if short.
- Target price can be established by adding(or subtracting if short) the max height of the triangle to the breakout.
- The angle of the triangle is critical. The steeper the angle the more abrupt the breakout can occur.

$Pioneer Power Solutions(PPSI.US)$ $VIZIO(VZIO.US)$ $Babcock & Wilcox Enterprises(BW.US)$ $Roots Corp(ROOT.CA)$ $Fossil Group(FOSL.US)$ $Bitcoin(BTC.CC)$
© Stock Scalpers
Virginia Beach, Virginia

$Babcock & Wilcox Enterprises(BW.US)$ seeing that this is beginning to work out the way I had hoped if I interpreted this ticker correctly there is immense upside here and they recently bagged a huge contract. around 10 million. This recently reversed after A LONG TIME BEARISH TREND. I WANTED TO SHARE THIS JUST IN CASE IT ENDS UP LIVING UP TO THE POTENTIAL I THINK IT HAS. OR COULD HAVE. THIS IS JUST THE BEGINNING AND I ONLY OWN ONE SHARE SO FAR. (update, since this was a long shot I've decided to play it safe and take profits on a scalp and not hold for swing. Let's keep an eye out for this in the meantime ...