going long Brady corporation
1 day till earnings and looking amazing expected massive earnings along with this a acquisition of gravoteach the UK's leading printing and manufacturing company this will obviously boost earnings and will increase investor confidence along with this last earnings massively affected the price of the company boosting its stock price 14.89% which is massive if we have another surprise earnings again we could see another massive spike in price however I don’t know what to along with this matches all my undervalued criteria with this I'm going long
not financial advice
BRC trade ideas
Brady (BRC) stock: why it's flying highBrady Corporation (BRC) shares are trading at $45.15, up 9%. The company announced its quarterly earnings before the market open today, and the sales grew 2.9% to $297.5M. What's BRC stock price forecast? What should investors know about Brady Corp?
Brady Corp has been on the positive upward trend since August. It provides identification solutions and workplace safety products such as employee id cards, hospital ID bracelets, asset tracking labels, first aid products, and signage products, among others.
In Q4, the company reported EPS of $0.66, which is a beat by $0.14 (the median analyst estimate was $0.49). Revenue was $297.5M (+2.9% Y/Y), which is $0.46M higher than what the analysts had predicted. The company’s gross margin has been 50.6%, a fairly consistent figure over time...
www.finstead.com
BRC - Support breakdown momentum short from $33.83 to $27.21BRC forming very nice momentum short setup. In the weekly frame its breaking down key support label. And Moneyflow deep in the negative side. We think it has good down side potential
* Trade Criteria *
Date First Found- June 28, 2017
Pattern/Why- Support breakdown momentum short setup
Entry Target Criteria- Break of $33.83
Exit Target Criteria- $27.21
Stop Loss Criteria- $35.77
Please check back for Trade updates. (Note: Trade update is little delayed here.)