MLI

 MLI Mueller Industries, Inc.







Mueller Industries, Inc. engages in the manufacture of copper, brass, aluminum, and plastic products. It operates through the following segments: Piping Systems, Industrial Metals, and Climate. The Piping Systems segment consists of Domestic Piping Systems Group, Great Lakes Copper, Heatlink Group, European Operations, Trading Group, Jungwoo-Mueller, and Mueller Middle East. The Industrial Metals segment includes Brass Rod, Impacts & Micro Gauge, and Brass Value-Added Products. The Climate segment offers Refrigeration Products, Westermeyer, Turbotec, Flex Duct, and Linesets, Inc. The company was founded on October 3, 1990 and is headquartered in Memphis, TN.

Very consistent trend on HTFs. Looking to new ATH soon. Concern for a pullback is there, but no reason to bail.

Got in this trade 10/27. It consistently was the #1 scoring stock in my system so waited a few months for it to get to some level to get involved. Avg In at 38.44

Fundamentals saw a slight downturn this year, but liabilities saw a decrease as assets increased. As long as it doesnt keep trickling down I think we will be fine. 

It leads the industry in every area. It is 400MM off of being the highest market cap as well. If it can hit $49 it is there.  

This was not an undervalue play as price has always kept up with the financials, and this year it saw its deepest pull in since early 2022. Nearly -25% and sales only dipping ~15%. Income down 5%.

This is a let it ride until it breaks trade. Currently the 20dsma looks like a good stop. Next earnings will matter. Do not want to see 2 consecutive down reports. 

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WEEK OF 12/15


Numbers arent special. Edge to green. Edge to green return on average. No reason to expect anything special up here. Made a great run 20% since Nov bottom. 

Has been technically awesome. Earnings gap up, flag, break higher, base, flag, break higher, base again? We shall see. Earnings a month and a half out still, more than likely will be in this through it. 

There is a great TL and 20ma sync right now that I will use as a stop decision. If we break under and hold and cant retest that will be my out on some times of breakdown. I would anticipate that might be around 43 in the coming weeks. But until then, let it go. 

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Strong week. New ATH. Little over ext but going para almost. Let it ride for now. 

Queries show a 25% red close month with avg return of -7% which puts us at 44.

Qtr still around 80% green so still no major concerns here. Let it be. 

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12/30

Concern. Looking at Queries and past history, this stock has a habit of retracing the entire breakout over the course of months before a new attempt at a new high. Partial is needed soon. 

If weekly makes a pretty white doji, the low is the partial. I will wait for a bounce and MAs to catch up to consider re entry, and ultimately give me an exit to be completely out. 

1.5

Partial taken. Clear para, clear theme in the stock, makes large moves higher, then sells off for weeks at a time. I was fortunate enough to be given a clear doji para, took it as we took out the weekly low. 


Queries are fine, edge to green but needs to base and return to prev levels before getting back in. Happy to let this one ride. 42.50 not holding will be stop. 

1.13

Base formed, dipped under prev 52wk hiigh but reclaimed then friday lost it again. Gotta let it go still.

1/28

Strong move higher with increasing vol into earnings on Tuesday. New ATH after bounce on 9wma, good to see respecting technicals. Letting it ride still. Need a long range to build before adding. 

2/3

ATH into earnings. Let it go. Earnings week will reset this. Might give good dip to buy, but will have to let it give me a setup first. 

Queries are totally flat. Going to hjave to revisit all after earings.

2/9

Earnings was not good. Luckily didnt gap l;ower on me and gave me a clear doji LOD exit. Basically everything down 10% on income/rev etc. Not wanting to hold that. Rising wedge. Failed ATH BO with vol to downside. Distance from W9ma and M9ma. 

Except we did hold. And are making a big rising wesge breakout higher. Industry also super strong with breaks higher. 

MFE 53 on M
MAE 46

Queries are ok. Telling me there is trouble but can also still keep ripping. Will plan on cutting this on a 20 close under/4hr50ma

2/16

Rel STR, made another ATH. Clear rising wedge still here. 9wma almost here finally. 

Queries getting more red. 

Industry saw clear buying, some para tops on friday saw selling. May be tired here but overall strong. .

Should be careful here. If we see big sell and closes under 9wma, probably time to call it on this. Lots of levels to revisit much lower. Dont want to give that much more effort here. 



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