AME is showing a classic Ascending Triangle. Don't miss the move.
Bullish continuation pattern.
Technical analysis of Ametek (AME) reveals a significant setup. With a last close of $228.86, volatility remains active (0.07%). Algorithmically, a **Ascending Triangle** structure has completed. Buying pressure is average relative to the 20-day average. A potential breakout level is identified at **$239.94**, targeting **$274.78** with support near **$222.47** (R:R 1.99).
What is your outlook on AME?