Wabco Continues Upward Trend for Five Days
On September 18, Wabco Holdings (WBC) announced its plans to buyout its joint venture partner, Meritor, Inc. WBC is a commercial vehicle supplier and believes this move will allow the company to expand its presence in the North American market.
Sonal sent out a level 3 alert at 6:30 am to its subscribers.
The upward price trend continued for the five days after the announcement, so there was plenty of time to profit from this trade beyond the first day. Anyone who bought the stock on September 18 experienced a 5% gain in the first five days.
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