HEICO Corporation ( NYSE:HEI ) reported a record increase in net income of 17% to $123.1 million in the second quarter of fiscal 2024, up from $105.1 million in the same period in 2023. The company also saw a 20% increase in net income to $237.8 million in the first six months of fiscal 2024, up from $198.1 million in the same period in 2023. Net sales increased...
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HEI just broke its bullish channel’s resistance and made its new high with strong sales growth. Expect it to move back to $112 to test its new support area within several days before continuing its upward move.
I think the likely direction is to the up side. Colour coded scenarios. Green Arrows Up. Purple Arrow neutral. Red Arrow down. Long term, monitor for levels.