Conclusion, Investment Implications, Strategy

We exited our October 7th long idea in Roper Technologies, Inc. (ROP) this morning for a 4% outright gain while outperforming the benchmark S&P 500 by 2%.  We exited the idea because ROP is currently testing formidale overhed resistance at 475.20 just ahead of earnings for the fiscal Quarter ending Sep 2021 which is due for release before the open on Oct 22nd.

Analysis and Rationale

The chart below is an updated version of the one that appeared in our Oct 7th report, indicating this week’s rise into overhead resistance at $475.20.

ROP daily since June

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