The current point exhibits promising upward signals according to my algorithmic system, meeting various criteria. These include rising trading volume, an upward trend indicated by prices above EMA20 and EMA50, and the closing price surpassing VWAP. As a result, the present conditions suggest a potential upward trend.
The PEAD projected a Bullish outlook for $HEI after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 66.67%.
Heico has no plans on shutting down their doors. Providing maintenance services for airlines around the world they certainly have a long term plan ahead for the future. Currently near the bottom of the trend area upcoming earning reports. Potential for price to move up towards the higher portion of the range should the report come back strong.
$HEI is forming one of my favorite setups in where a chart pattern breakout will also complete a weekly trend line.
1) A head and shoulders continuation chart pattern breakout (blue line on the chart)
2) Already broke a Weekly long term down trend line (red dotted line on the chart)
3) Recently cleared 200 MA
Chart pattern target around $130 price level.
Heico Jumps post earnings with earnings and guidance that meet estimates.
HEICO Corp. engages in the design, manufacture, and sale of aerospace, defense, and electronic related products and services. It operates through the Flight Support Group and Electronic Technologies Group segments. The Flight Support Group segment designs, manufactures, repairs, overhauls,...
HEICO Corp. engages in the design, manufacture, and sale of aerospace, defense, and electronic related products and services. It operates through the Flight Support Group and Electronic Technologies Group segments. The Flight Support Group segment designs, manufactures, repairs, overhauls, and distributes jet engine and aircraft component replacement parts. The...
With more airlines looking to either complete repairs, overhauls, or alterations to aircraft the projections for future MRO operations are looking to see an increase in demand for changes in seating arrangements.
Upside potential targets $115 - $127
Earnings beat details
Quarterly net sales of $506.3 million beat Consensus Estimate of $505 million by 0.3%. The top line also increased 8.6% from the year-ago quarter’s figure of $466.1 million.
reported first-quarter fiscal 2020 earnings of 89 cents per share, beating Consensus Estimate of 77 cents by 15%.
Oversold bounce...
System T Performances: Annual Compound Profit 40%, Win Rate 55%, Risk/Reward Ratio 1:2, 20 Years of Backtesting Data, Over 100 Markets.
* Click Like and Follow to Support My Work!
---
Hi Traders,
I'd like to introduce the System T, a computerized trading system that analyzed and backtested the 20 years history data of over 100 markets.
This post is my sharing...
Expecting bounce from extremely oversold weekly and daily levels. If stop breached, be prepared to catch new daily reversal on lower levels with a tight stop.
