a dubya for the win?
MACD is as flat as a pancake. (That’s good)
ATR is downward facing. (That’s good)
Stochastic is a not saying anything of importance
Earnings are in two days. I am going to heed advice from someone and watch this one as if I grabbed commons tomorrow.
Ascending triangle on descending volume
Price stopped at 37.25$ resistance
Came back down to 30.59$ support.
May bounce on support and point North again.
PPS above 50MA
200MA pointing up
RSI at 50
ATR in upward motion
Very similar setup as 2019
Could see 39,83$ if it bounces back from support.
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.
Methode Electronics, Inc. engages in the manufacture of component and subsystem devices. It...
=====PRICE TARGET $37.50====
ENTRY LEVEL ON BREAK OF RESISTANCE @ $32.20
Shares of Methode Electronics Inc. (NYSE:MEI) were up more than 13% on Thursday after the company released its first-quarter 2020 results before the opening bell. The company beat analyst expectations for both earnings per share and revenue.
Methode Electronics posted a...