VRT breaking out - Peaking it’s head above 20!Vertiv is a mission-critical supplier of infrastructure for data centers, communications networks & integrated rack systems, modular solutions serving: e-commerce, online banking, file sharing, video on-demand, energy storage, wireless communications, and most interesting to me and defining of their future is their Internet of Things, and online gaming segments.
They just hit a new ATH on Jan 20th, slight pull back followed by support, forming what appears to be a cup & handle.
They beat earnings last call and are poised to do it again Feb 24th.
They received 1.7 million from US Gov last year and are off to half that amount already granted by US Gov for the year 2021; this amount will likely increase as progress is made and more awards are received based on good merits.
Vertiv is likely to benefit from the Cyber Defense Funding Biden has set aside.
This stock is a steal at these prices.
3/19 $22.50C buy under .75 expect a pop on earnings PT $27.25 should set SL $1.5 take profits above 2.5
