Blast from the Past

It is an interesting start to the new month and new quarter this morning, with industrials, rails, and chips perking up above all else early on. Into the first half hour of trading, we saw a sell program run with AAPL and various software and some healthcare tech plays. But the issue now will be whether they recover and regain momentum today as the broad market rally looks to be intact. 

On the topic of industrials, there are a few ways we can play them. The obvious ones are plays like BA and ETN.

But Kornit Digital, an Israeli firm which develops, manufactures and markets industrial and commercial printing solutions for the garment, apparel and textile industries, is back on my radar. The name has been quiet for a while, but as you can see on its update daily chart, below, the price action has firmed up nicely with a tight base above its major daily chart moving averages. 

Should the industrials continue their momentum today in the coming sessions, KRNT figures to be a solid sleeper play above $24.