Industrial stocks at or near upside targets

This Straight from the Chart post highlighted stocks within industrials that we have previously flagged as bullish in our research notes and blog posts that have exceeded, achieved, or are approaching upside pattern targets—levels that warrant taking some profits and/or protecting positions through disciplined risk management.

The stocks featured in this post are Cummins (CMI), FTAI Aviation (FTAI), Huntington Ingalls (HII), L3Harris (LHX), Northrop Grumman (NOC), Parker-Hannifin (PH), and Rockwell Automation (ROK)

Cummins (CMI) exceeded an upside count at 515 and is testing a 161.8% extension at 589. Technicals are bullish but extended relative to the weekly moving averages. Taking some profits and/or protecting positions with proper risk management seems appropriate. However, if upward momentum continues on CMI, another 161.8% extension projects to 724. We flagged CMI as bullish in Straight from the Chart on November 7, 2025.

Chart 1: Cummins (CMI) (top) and relative to the S&P 500 (bottom): Weekly chart

FTAI Aviation (FTAI) has achieved upside targets for its breakout from a big base at 236 and 280. Technicals are bullish but extended relative to the weekly moving averages. Taking some profits and/or protecting positions with proper risk management seems appropriate. We flagged that FTAI was building a base in Straight from the Chart on September 26, 2025. The stock chopped around within positive absolute and relative trends in late 2025 prior to an early January breakout and surge to the upside counts into mid to late January.

Chart 2: FTAI Aviation (FTAI) (top) and relative to the S&P 500 (bottom): Weekly chart

Huntington Ingalls (HII) has achieved the upside count for its March 2024-October 2025 big base at 430. Technicals are bullish but extended relative to the weekly moving averages. Taking some profits and/or protecting positions with proper risk management seems appropriate. We flagged this bullish setup for HII in our December 10, 2025, The Stock Pulse.

Chart 3: Huntington Ingalls (HII) (top) and relative to the S&P 500 (bottom): Weekly chart

L3Harris (LHX) has achieved the upside counts for its March 2022-July 2025 big base cup and handle formation at 332 and 360. Technicals are bullish but extended relative to the weekly moving averages. Taking some profits and/or protecting positions with proper risk management seems appropriate. If the stock continues to run higher, a 100% extension counts to 387. We flagged a bullish breakout and retest pattern for LHX in this blog on December 22, 2025, which updated our view on LHX from our July 31, 2025, The Stock Pulse.

Chart 4: L3Harris (LHX)) (top) and relative to the S&P 500 (bottom): Weekly chart

Northrop Grumman (NOC) has achieved the upside count for its October 2022-July 2025 big base at 690 along with a 61.8% extension at 676. Technicals are bullish but extended relative to the weekly moving averages. Taking some profits and/or protecting positions with proper risk management seems appropriate. However, if NOC holds above 641-636, the stock would defend its recent upside breakout with further potential to 737-758 (pattern count and 100% extension). We flagged a bullish breakout and retest pattern for NOC in Straight from the Chart on December 22, 2025, which updated our view on the stock from our September 25, 2025, The Stock Pulse.

Chart 5: Northrop Grumman (NOC) (top) and relative to the S&P 500 (bottom): Weekly chart

Parker-Hannifin (PH) is testing the upside count for its mid 2025 breakout at 950 with a 100% extension level at 976. Technicals are bullish but extended relative to the weekly moving averages. Taking some profits and/or protecting positions with proper risk management seems appropriate. However, if PH continues to rally, another 100% extension does not rule out 1113 on continued upward momentum. We flagged PH as bullish in Straight from the Chart on November 7, 2025.

Chart 6: Parker-Hannifin (PH) (top) and relative to the S&P 500 (bottom): Weekly chart

Rockwell Automation (ROK) is testing a measured move at 430, but there is still some room to run to the late 2021-mid 2025 triangle breakout count at 485. That said, technicals are bullish on ROK but extended relative to the weekly moving averages. Taking some profits and/or protecting positions with proper risk management seems appropriate. We flagged PH as bullish in our October 24, 2025, The Stock Pulse.

Chart 7: Rockwell Automation (ROK)) (top) and relative to the S&P 500 (bottom): Weekly chart