Jun. 2 at 1:32 AM
$FTV trading ~
$56.43, resting on a volume shelf after a Q1 earnings beat (
$0.70 EPS) and
$500M in buybacks. 📈 Setup: Price slipped below an ascending trendline but is actively defending the heaviest volume support node.
🐂 Bull Trigger: A clean daily close above
$59.21 triggers a reversal for a fast push toward the
$62.79 highs.
🐻 Bear Level: A breakdown below
$54.14 shifts control for a quick flush to the
$50.00 pivot, opening the door to
$48.29.
📊 Trend: NEUTRAL — Fundamentals are solid, but buyers must reclaim the trendline to confirm upside momentum. #ftv #industrials #hovdid
