Long
Trading Idea - II-VI Incorporated
II-VI Incorporated : BUY
Entry: 68.57 USD
Target: 94.60 USD (profit 38%)
Stop: 52.80 USD
Another heavily shorted share with signs of an uptrend is the technical and scientific components specialist II-VI.
II-VI's shares have a short interest of about 17.5 % .
With a solid balance sheet, competitive product and strong vertical markets, and a major bear market bottoming out, it is time to consider buying this stock.
Currently, IIVI's 2021 shares are down 45% from the all-time high in February.
The secondary signal is the confirmed doji hammer from October. The trend reversal is thus gaining validity.
Entry: 68.57 USD
Target: 94.60 USD (profit 38%)
Stop: 52.80 USD
Another heavily shorted share with signs of an uptrend is the technical and scientific components specialist II-VI.
II-VI's shares have a short interest of about 17.5 % .
With a solid balance sheet, competitive product and strong vertical markets, and a major bear market bottoming out, it is time to consider buying this stock.
Currently, IIVI's 2021 shares are down 45% from the all-time high in February.
The secondary signal is the confirmed doji hammer from October. The trend reversal is thus gaining validity.
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