Aug. 10 at 11:14 PM
STERIS plc
$STE (8h)
Bullish Flow: Institutional accumulators are quietly loading shares as
$STE builds out its newly authorized
$1B share repurchase program and expands its dividend for the 21st consecutive year. absorbing supply right at the lower boundary of a multi-month ascending channel. 🐂 💧
Bull Key Level:
$230.00 (Bull confirmation to break local horizontal resistance and accelerate toward upper channel boundary) 🐂 🔥
Bear Key Level:
$213.00 (Key structural support floor and ascending trendline anchor to defend) 🐻 ⚠️
Targets:
$245.00 /
$260.00 💰 🍺
Why: The 8-hour chart displays a textbook ascending pitchfork channel with price bouncing cleanly off lower trendline support. With
$982.9M in annual free cash flow providing exceptional balance sheet flexibility and double-digit adjusted EPS growth (
$10.17 FY26), holding above
$213 keeps the macro bull trend firmly intact.
#ste | #stocktrading | #optionsflow | #technicalanalysis | #hovdid