$LAKE is finally pulling back a bit now getting towards support in a big way. Price is falling quite hard so by no means am I interested in the first approach (unless extremely strong) but, if there is a pandemic part two that shows its ugly face in the nearer future, this could go nuts again.
Considering the strong earnings reported in the most recent two quarters, LAKE has proven to be managing its position during this pandemic very effectively. A summary from the latest conference call on earnings does well to explain their situation:
"The takeaways for Lakeland are that we have developed a resilient and flexible global manufacturing platform, a...
I have had my eye on this company for a while. It's been making PPE for 30+ years and is arguably one of the first to the industry. They've had a long road of trying to master their craft. Some recent transformations may have finally had them turning the corner after having a record quarter.
I am watching this closely for an epic breakout. I should forewarn...
LAKE is ripping once again as the virus data picks back up. The stock broke above a key zone marked by the boundaries of a clear symmetric triangle on blow-out earnings earlier this month.
The bears worked to contain the move. But they have apparently failed at this point. On the radar.
$LAKE looks to be trying to break out to new all time highs. Looks like larger inverse head and shoulders pattern. With increasing demand for PPE hear their last quarter revenue growth was 85% Q/Q. With the trend continuing in the future this increase in revenue is supportive of setting new highs.
12 months Consensus Price Target: $21.5
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The Once heavily traded COVID stock has now taken somewhat of a backseat as the markets have rallied,
will be interesting to see have the sales lived up to the now elevated P/E
P/e ratio quite high at 33
Short interest high at 19%
Lakeland Industries, Inc. engages in the manufacture and sale of safety garments and accessories for the...
-Consolidation supported by 200 day EMA (also seen on 200 SMA)
-VWAP from peak has been consistent resistance
-Easily seen symmetry playing out in Inv. H&S/Rounding bottom bullish reversal
-Wedge forming above gap filled area of support
-Price finding support on 1HR atop converging EMAs. 50 EMA soon to cross 200 EMA, price is likely to be pushed...
LAKE shares have a clear history of finding a bid as disease outbreak fears rear up, with the last big spike occurring in 2014 when Ebola came back into the headlines in a scary way. Now, we see a similar dynamic.
The technicals don't make much of a case here.
LAKE has one last upward trendline to rule them all dating back to December 2019.
Bullish divergences on the 4 hour and hourly.
MACD crossing bullish on the 4 hour (bottoming on the daily).
Daily sitting right on the 200 EMA.
I would not be surprised to see a shakeout Monday/Tuesday down to the 200 MA at 12.50 before this thing runs.
A close today at 13.40+ would...
Lakeland Industries, Inc. engages in the manufacture and sale of safety garments and accessories for the industrial and public protective clothing market. Its products include disposable protective clothing, chemical protective clothing, woven protective clothing, fire protective gear, heat protective clothing, reflective protective clothing, hand and arm...
Lakeland Industries, Inc. (LAKE) (the "Company" or "Lakeland"), a leading global manufacturer of protective clothing for industry, healthcare and to first responders on the federal, state and local levels, will release its financial results for the fiscal 2020 fourth quarter ended January 31, 2020, on Wednesday, April 15, 2020, after the closing of the stock...