Bullishcharts

Methode Electronics Bullish pre Earnings

Long
NYSE:MEI   METHODE ELECTRONICS INC
Entry level $ 37.89 = Target price $41.26 = Stop loss $ 36.58
Very bullish setup as earnings approach.
Indicators are in a bullish mode having reversed.
Above $39 is a very congested price zone so advances may be slow.
P/E ratio 14.72 very reasonable.
Company profile
Methode Electronics, Inc. engages in the manufacture of component and subsystem devices. It operates through the following segments: Automotive, Interface, Industrial, and Medical. The Automotive segment supplies electronic and electromechanical devices, and related products to automobile original equipment manufacturers. The Interface segment provides a variety of copper and fiber-optic interface and interface solutions for the aerospace, appliance, commercial food service, construction, consumer, material handling, medical, military, mining, point-of-sale, and telecommunications markets. The Industrial segment manufactures external lighting solutions, industrial safety radio remote controls, braided flexible cables, current-carrying laminated busbars, and devices. The Medical segment refers to the medical device business. The company was founded by William Joseph McGinley in 1946 and is headquartered in Chicago, IL.
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