I took a pilot position at 55.5 and I will be looking to add at minor corrections. there isn't a good base in place for this one so waiting for it before I add more to my position
Technical: stock quickly recovered from recent COVID-19 crash lows. It held 2019 lows and surged higher very quickly to make new highs. it has the highest volume since 2018, although the stock is only 7% from its 2014 highs.
Fundamental: This stock shows nothing in terms of sales and profit growth however TTM earnings are up 55%. The stock always moves first and the fundamentals follow later so I will be buying this stock if the price shows strength.
3 years of sales growth - -2.6% 3 years of profit growth - 3.38%
Margins at an all-time low, this gives it a lot of headroom to perform and increase margins which can create higher profits.
Value doesn't move stock prices, people do by placing buy orders. Value is only part of the equation. Ultimately, you need demand - Mark Minervini
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