Chart Industries (GTLS) was mired in a downtrend for two years, shedding 90% of its market value, but things have changed and the upward momentum is quickly building for this equipment maker for the energy sector. They blew top and bottom line estimates out of the water and shareholders are finally being rewarded. Take a look at today's candle:
This inverse head & shoulders pattern initially measures to 31.50-32.00 but considering this was once a $130 stock, it's easy to assume that GTLS has much further upside available. The daily MACD looks very strong right now and that suggests that the next 20 day EMA test would represent a solid reward to risk entry. The neckline should also provide price support as well.