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Kennametal is a developer of industrial high-performance materials and extremely wear-resistant components. It has particularly specialized in solutions made from hard metal and tungsten carbide. There are several reasons why I think that now is the right time to make a trade: Since the strong quarterly results in early February, there has been immense volume coming into the stock, indicating institutional interest. The stock has formed a tight base since the latest quarterly results. The breakout above the resistance at 41 USD creates a pro-cyclical...
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