Kitron $KIT.OL breaking up from multiyear uptrend after great Q2Kitron: Q2 2020 – Record performance
10.7.2020 12:46:05 CEST | GlobeNewswire
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(2020-07-10) Kitron today reported strong growth and record profit for the second quarter driven by Defense/Aerospace, Medical devices and Industry sectors.
Kitron's revenue for the second quarter was NOK 1 041 million, an increase of 21 per cent compared to last year. Growth adjusted for currency effects was 11 per cent.
Profitability expressed as EBIT margin was 8.5 per cent in the second quarter, compared to 6.6 per cent in the same quarter last year.
The order backlog ended at NOK 2 102 million, an increase of 45 per cent compared to last year.
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Industrials
General Electric $GE "H&S,Bottom"$GE is forming unconfirmed head and shoulders,bottom. watch for $8.56 for a breakout.
12 months Consensus Price Target: $9.30
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$PLUG can rise in the next daysContextual immersion trading strategy idea.
Plug Power Inc. provides hydrogen fuel cell turnkey solutions for the electric mobility and stationary power markets.
The share prose rose after the company had upgraded its revenue and profit projections.
The demand for shares of the company still looks higher than the supply.
This and other conditions can cause a rise in the share price in the next days.
So I opened a long position from $6,42;
stop-loss — $5,97.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
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United Parcel Service $UPSAfter broke $103.8 out, hit the 100SMA and went back below buying point. It hold above 20SMA. RSI is still above the trend line so i would consider to be long after break out of $103.8 again.
12 months Consensus Price Target: $111
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Thx
$AIR can rise in the next daysContextual immersion trading strategy idea.
AAR Corp. provides products and services to commercial aviation, government, and defense markets worldwide.
The company has a good potential to rise — www.directorstalkinterviews.com
The demand for shares of the company looks higher than the supply.
These and other conditions can cause a rise in the share price in the next days.
So I opened a long position from $24,96;
stop-loss — $22,28.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Thanks for being with me!
Covanta Holding Corporation (CVA) long.All description on the chart.
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