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Curtiss-Wright Corporation (CW) provides engineered products and services to the defense, power generation, oil and gas, commercial aerospace, and general industrial markets worldwide.
It operates through three segments: Flow Control, Controls, and Surface Technologies. The Flow Control segment designs, manufactures, distributes, and services a range of engineered flow control products, including valves, pumps, motors, generators, instrumentation, shipboard systems, vessels, and control electronics.
Its product groups comprise electro-mechanical systems, nuclear group products, oil and gas systems, and marine and power products. This segment serves the naval defense, power generation, oil and gas, and industrial sectors. The Controls segment designs, develops, and manufactures mechanical systems, drive systems, and mission-critical embedded computing products and sensors for use in the aerospace, defense, and industrial industries. Its product groups include defense solutions, flight systems, avionics and industrial products, and integrated sensing products.
The Surface Technologies segment provides various metallurgical services, which include shot peening, laser peening, coatings, anodizing, and analytical services. This segment offers its services to the aerospace, automotive, construction equipment, oil and gas, petrochemical, and metal working industries.
Shares have formed a bullish "flag" and higher prices are expected for this stock.
We are now hearing rumors of good news for this company. One of the rumors states that this stock will be named by the leading stock advisory service as one of its "top picks." This service is widely followed by mutual funds and institutional money managers. These investors have portfolios that mimic recommendations of this service. Their naming of the stock should lead to additional demand for the shares.
Note: This is a low trading volume stock. Be sure to use a limit order.
52-Week Trading Range: $28.95 - $44.35
Entry Point: $43.10
Stop Loss: $41.00
Target Price: $47.80
CW fell below our stop loss. Positon was closed at $41.
