Graham Corp. (GHM) which designs and builds vacuum and heat transfer equipment for process industries around the world, scored a breakout to new highs yesterday amidst the mess that is the market of late. Stocks that act strong in weak tapes tend to suggest bullish underlying fundamentals. With a point and figure target of $ 100.00 there is still solid trading upside, particularly if GHM shares are acquired on a modest pullback.
|