{"id":198729,"date":"2024-10-11T09:29:00","date_gmt":"2024-10-11T13:29:00","guid":{"rendered":"https:\/\/ibkrcampus.eu\/campus\/uncategorized\/chart-advisor-carpenter-technology-corps-significant-breakout\/"},"modified":"2024-10-14T09:17:21","modified_gmt":"2024-10-14T09:17:21","slug":"chart-advisor-carpenter-technology-corps-significant-breakout","status":"publish","type":"post","link":"https:\/\/www.interactivebrokers.eu\/campus\/traders-insight\/securities\/macro\/chart-advisor-carpenter-technology-corps-significant-breakout\/","title":{"rendered":"Chart Advisor: Carpenter Technology Corp&#8217;s Significant Breakout"},"content":{"rendered":"\n<p>From&nbsp;<a href=\"https:\/\/links.investopedia.com\/u\/click?_t=36ba8fa8372241d58b3bfc06997a4332&amp;_m=95dff16952394ee794f66c775121c6f1&amp;_e=L4_3UaBejqJmA5pAMNeoJ6obNHAWRykeXfsOcOrLKY7Zk_yuYTbn_T6TosOqWVYxaYXyA8Vl4qMiPn9mT1t_RokDeU3me4_-cpf-iUK3aS85ZCVX_9lKeQNw977wVa0nrp60BW8yb5JYn_Mo_Uv8xT7O6bNH4XGfLg9jzgV64PeD1oTE9mc0q7TqDrwWDLrfyzcGf7-Vj8yeA6d4gHxf-CGgH6mrvR_ENyw_ZW0s2PEjaWMzPHzN8-JLufaehi_bYGEPH76s--Y9rqz7OoalErgN2cTUXedvOa9UF_GQY1YR1hlOGOlGNCgBzU28r36M59llQeINCUgXHhLYtDTZzcCxTNZ-K4cIDjcWAQ2fZL7VfYs9uIoAqvA0j3gPV_bEK43Oljo9kQgNeEEQ-Q67SEJceudIlfaog4Ob4u1laDhpmtROGWG7LdHN6WE3lzCv\" target=\"_blank\" rel=\"noreferrer noopener\">SIA Charts<\/a><\/p>\n\n\n\n<p><strong>1\/ Daily Stock Report: Carpenter Technology Corp &#8211; (CRS)<\/strong><\/p>\n\n\n\n<p><strong>2\/ Performance<\/strong><\/p>\n\n\n\n<p><strong>3\/ Point and Figure Chart<\/strong><\/p>\n\n\n\n<p><em>Investopedia is partnering with CMT Association on this newsletter. &nbsp;The contents of this newsletter are for informational and educational purposes only, however, and do not constitute investing advice. The guest authors, which may sell research to investors, and may trade or hold positions in securities mentioned herein do not represent the views of CMT Association or Investopedia. Please consult a financial advisor for investment recommendations and services.<\/em><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-1\">1\/<\/h2>\n\n\n\n<p><strong>Carpenter Technology Corp &#8211; (CRS)<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1100\" height=\"173\" data-src=\"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2024\/10\/ViewImagePublic-3-1-1100x173.png\" alt=\"\" class=\"wp-image-198734 lazyload\" data-srcset=\"https:\/\/ibkrcampus.eu\/campus\/wp-content\/uploads\/sites\/3\/2024\/10\/ViewImagePublic-3-1-1100x173.png 1100w, https:\/\/ibkrcampus.eu\/campus\/wp-content\/uploads\/sites\/3\/2024\/10\/ViewImagePublic-3-1-700x110.png 700w, https:\/\/ibkrcampus.eu\/campus\/wp-content\/uploads\/sites\/3\/2024\/10\/ViewImagePublic-3-1-300x47.png 300w, https:\/\/ibkrcampus.eu\/campus\/wp-content\/uploads\/sites\/3\/2024\/10\/ViewImagePublic-3-1-768x121.png 768w, https:\/\/ibkrcampus.eu\/campus\/wp-content\/uploads\/sites\/3\/2024\/10\/ViewImagePublic-3-1-1536x242.png 1536w, https:\/\/ibkrcampus.eu\/campus\/wp-content\/uploads\/sites\/3\/2024\/10\/ViewImagePublic-3-1.png 1905w\" data-sizes=\"(max-width: 1100px) 100vw, 1100px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 1100px; aspect-ratio: 1100\/173;\" \/><\/figure>\n\n\n\n<p><em>Courtesy of SIA Charts<\/em><\/p>\n\n\n\n<p>Past performance is not indicative of future results<\/p>\n\n\n\n<p>Carpenter Technology Corp. (CRS) is a global leader in high-performance specialty alloy materials and process solutions for critical applications in the aerospace, defense, and medical markets. With a market cap of $8.10 billion, CRS has distinguished itself as a top performer in the small to mid-cap segment of the thriving US equity market, benefiting from a favorable environment for specialty alloys. The company is experiencing growth driven by trends in precious and industrial metals, as well as manufacturing for key sectors such as aerospace, defense, utilities, electronics, semiconductors, medical, and EV auto manufacturing.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-2\">2\/<\/h2>\n\n\n\n<p><strong>Performance<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1100\" height=\"998\" data-src=\"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2024\/10\/ViewImagePublic-4-1100x998.png\" alt=\"\" class=\"wp-image-198732 lazyload\" data-srcset=\"https:\/\/ibkrcampus.eu\/campus\/wp-content\/uploads\/sites\/3\/2024\/10\/ViewImagePublic-4-1100x998.png 1100w, https:\/\/ibkrcampus.eu\/campus\/wp-content\/uploads\/sites\/3\/2024\/10\/ViewImagePublic-4-700x635.png 700w, https:\/\/ibkrcampus.eu\/campus\/wp-content\/uploads\/sites\/3\/2024\/10\/ViewImagePublic-4-300x272.png 300w, https:\/\/ibkrcampus.eu\/campus\/wp-content\/uploads\/sites\/3\/2024\/10\/ViewImagePublic-4-768x697.png 768w, https:\/\/ibkrcampus.eu\/campus\/wp-content\/uploads\/sites\/3\/2024\/10\/ViewImagePublic-4.png 1338w\" data-sizes=\"(max-width: 1100px) 100vw, 1100px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 1100px; aspect-ratio: 1100\/998;\" \/><\/figure>\n\n\n\n<p><em>Courtesy of SIA Charts<\/em><\/p>\n\n\n\n<p>Past performance is not indicative of future results<\/p>\n\n\n\n<p>In Q1 of 2024, CRS garnered attention from SIA practitioners as it emerged as a leader in the SIA Small Cap 600 Growth Index. A comparison with the S&amp;P 100 Index illustrates a significant breakout in CRS&#8217;s performance, especially a major breakout in early 2024 highlighted in the chart by the green oval.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-3\">3\/<\/h2>\n\n\n\n<p><strong>Point and Figure Chart<\/strong><\/p>\n\n\n\n<p>The second point-and-figure chart illustrates the movement of CRS shares throughout 2023 (see green oval), but significant acceleration occurred in the spring of 2024 when major fund flows began to pour into small caps. At that time, the share price surged past the $75 level, reaching current levels of $164.23, resulting in an impressive 118% gain for early investors. CRS shares remain positioned at spot #4 in the highly regarded SIA S&amp;P Small Cap 600 Growth Index, indicating strong potential for further growth. Resistance levels can be established using a vertical count, with initial resistance at $177.77 followed by $200.20, which also corresponds to a significant psychological whole number. Support is first identified at the $148.75 (3-box) level, with additional support at $132.09. CRS shares carry a perfect SMAX score of 10 out of 10, further confirming that Carpenter shares are outperforming all other asset classes measured by the SIA AI Platform each day.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1100\" height=\"1227\" data-src=\"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2024\/10\/ViewImagePublic-5-1100x1227.png\" alt=\"\" class=\"wp-image-198731 lazyload\" data-srcset=\"https:\/\/ibkrcampus.eu\/campus\/wp-content\/uploads\/sites\/3\/2024\/10\/ViewImagePublic-5-1100x1227.png 1100w, https:\/\/ibkrcampus.eu\/campus\/wp-content\/uploads\/sites\/3\/2024\/10\/ViewImagePublic-5-700x781.png 700w, https:\/\/ibkrcampus.eu\/campus\/wp-content\/uploads\/sites\/3\/2024\/10\/ViewImagePublic-5-300x335.png 300w, https:\/\/ibkrcampus.eu\/campus\/wp-content\/uploads\/sites\/3\/2024\/10\/ViewImagePublic-5-768x857.png 768w, https:\/\/ibkrcampus.eu\/campus\/wp-content\/uploads\/sites\/3\/2024\/10\/ViewImagePublic-5.png 1187w\" data-sizes=\"(max-width: 1100px) 100vw, 1100px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 1100px; aspect-ratio: 1100\/1227;\" \/><\/figure>\n\n\n\n<p><em>Courtesy of SIA Charts<\/em><\/p>\n\n\n\n<p>Past performance is not indicative of future results<\/p>\n\n\n\n<p>&#8212;-<br>Originally posted on 11th October 2024<\/p>\n","protected":false},"excerpt":{"rendered":"<p>From&nbsp;SIA Charts 1\/ Daily Stock Report: Carpenter Technology Corp &#8211; (CRS) 2\/ Performance 3\/ Point and Figure Chart Investopedia is partnering with CMT Association on this newsletter. &nbsp;The contents of this newsletter are for informational and educational purposes only, however, and do not constitute investing advice. The guest authors, which may sell research to investors, [&hellip;]<\/p>\n","protected":false},"author":186,"featured_media":198730,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":true,"footnotes":""},"categories":[146,147,8,12,153,22,148,7],"tags":[708,2328,1116],"contributors-categories":[503],"class_list":{"0":"post-198729","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-macro","8":"category-north-america","9":"category-region","10":"category-securities","11":"category-stocks","12":"category-technical-analysis","13":"category-text-articles","14":"category-traders-insight","15":"tag-large-cap","16":"tag-mid-caps","17":"tag-small-cap","18":"contributors-categories-investopedia"},"pp_statuses_selecting_workflow":false,"pp_workflow_action":"current","pp_status_selection":"publish","acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium 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