Quaker Chemical Corporation is a chemical company that makes a variety of products. It specializes in manufacturing process fluids used in mining, automotive, aluminum, steel, and other metal-based industries. The company also makes lubricants and other chemicals for the construction and aerospace industries. It has a diversified customer base, with more than 50% of revenues from outside the US. Quaker is a leader in the industrial process fluids and chemicals segments. It has steady margins and will continue to grow longer-term as the global and US economies rebound from the pandemic.
The long-term monthly chart for Quaker Chemical Corporation shows a steady uptrend with a major pullback in 2019 and early 2020 that saw the price test the bottom of the long-term trend. The price broke the trendline briefly before trending back up. Since the pandemic-driven crash of March 2020, the price has risen almost 3X, peaking at $300. The $225 level is an important area of value as it acted as resistance in 2019 and is now supporting the price that fell 25% from its $300 peak. A reversal is in play now, and the likely target appears to be $288 and then $300. A stop-loss can be placed below the support level at around $218.

Position entered into our long-term tracking portfolio today. The entry point is at $246.19, and stop-loss is $216.12, 12% below the entry point. The short-term to medium-term take profit at the top of the trend is set at $282.35, giving a profit of 15%.