Target Hospitality Corp. (NYSE:TH) broke out on 26 May at 3.24 and confirmed on 27 May at 3.70. The stock is trading at 3.86 pre-market Friday within its 52 wk trading range of 0.8200 – 4.2900
Thus, garnering a LTN Cash Pile Buy signal with a 1yr price target at 10.35/share.
The Street consensus price objective is 3.63
All of our Key technical indicators have turned Very Bullish, the support is deep and there is no overhead resistance.
Target Hospitality Corp. operates as a specialty rental and hospitality services company in the United States.
It operates through 4 segments: Permian Basin, Bakken Basin, Government, and TCPL Keystone.
The company owns a network of specialty rental accommodation units with approximately 13,800 beds across 26 communities.
It serves investment grade Oil & Gas companies, energy infrastructure companies, and US government and government contractors.
The company is HQ’d in The Woodlands, Texas.
Have a healthy holiday weekend, Keep the Faith!