LMB - Correction Done - BullishNASDAQ:LMB
- Been bullish for a while
- Showing support on a strong support level ~$40
- Down ~20% from all-time high
- Company doing well generally
- Take profit 1 ~$48
- Take profit 2 Open
- Stop loss below Dec 2023 low of ~$37
I'll be going only with the $48 as I am not looking for a long-term investment
*Not Financial Advice*
LMB trade ideas
BREAKOUT CUP AND HIGH VOLUM BUY LMB ABOUT 11.30$Limbach Holdings, Inc. (NASDAQ:LMB) just released its latest quarterly results and things are looking bullish. Limbach Holdings delivered a significant beat to revenue and earnings per share (EPS) expectations, with sales hitting US$164m, some 15% above indicated. Statutory EPS were US$0.31, an impressive 244% ahead of forecasts. This is an important time for investors, as they can track a company's performance in its report, look at what expert is forecasting for next year, and see if there has been any change to expectations for the business. With this in mind, we've gathered the latest statutory forecasts to see what the analyst is expecting for next year.
1% CAPITAL
LMB a promising "January effect" playSmall- and micro-cap stocks trading near their 52-week lows tend to outperform the market in January. One of my preferred picks to profit from the "January effect" is Limbach Holdings. Now far off its 11-dollar highs earlier this year, LMB has some upward momentum in both its share price and its analyst ratings. Expected to greatly improve its earnings in 2020, LMB looks undervalued and poised for recovery in January. The stock has had 7 insider buys and only 1 insider sale in the last 3 months.