Park Aerospace Corp: A Closer Look at the Distribution Top and Downward Channel Park Aerospace Corp, a key player in the aerospace industry, is currently undergoing a significant chart pattern that warrants attention from investors. With over 20 years of distribution top formation and a recent breakdown into a downward channel, Park Aerospace Corp is testing...
Park Aerospace is a small aerospace supplier that has displayed strong performance, outperforming the broader market with a 7.8% gain. Moreover, since Analysts initial buy rating, Park Aerospace has delivered a remarkable 21.7% increase, surpassing the broader market's 13.6% growth. These figures highlight the appeal of the aerospace industry, despite existing...
After some gap ups and downs, seems to be following downward wedge, will probably hit resistance at around $15.40. PKE has history of hitting multiple tops.
PKE shows an dinteresting bullish price structure: a bullish channel and double bottom after a consolidation. I may go long after seeing more strength.