Trade Ideas: MDU

Working off a double bottom on modest volume (following last weeks "window" gap breakout on higher volume). Resistance at $35.75 still a concern, but with a MACD 'buy' trigger on increasing money flow there should be a strong challenge to break this level. Point-n-figure chart holds to an ambitious target of $81.50. I would look to the weekly triangle target of $42-43.
MDU Resources Group, Inc., a diversified natural resources company, provides energy, natural resources products, and related services in the United States. It operates in seven segments: Electric, Natural Gas Distribution (NGD), Construction Services, Pipeline and Energy Services (PES), Natural Gas and Oil Production (NGOP), Construction Materials and Mining (CMM), and Independent Power Production (IPP).




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