STMMicroelectronics - Bullish for remainder of earnings quarter
STMicroelectronics
STMicroelectronics is a global independent semiconductor company which designs, develops, manufactures and markets a broad range of semiconductor integrated circuits and discrete devices used in a wide variety of microelectronic applications, including telecommunications systems, computer systems, consumer products, automotive products and industrial automation and control systems.
Analysis/Commentary
Strong EPS and Sales Growth Y-on-Y
Based on the study of the previous quarterly earnings reports and subsequent price moves:
- Current quarter has given price move to base of JLK
- Expectation for the price to move at least to previous quarter highs (LOW POINT)
- Trailing stop-loss on price above LOW point
GOOD LUCK.
DO YOUR OWN RESEARCH!
STMicroelectronics is a global independent semiconductor company which designs, develops, manufactures and markets a broad range of semiconductor integrated circuits and discrete devices used in a wide variety of microelectronic applications, including telecommunications systems, computer systems, consumer products, automotive products and industrial automation and control systems.
Analysis/Commentary
Strong EPS and Sales Growth Y-on-Y
Based on the study of the previous quarterly earnings reports and subsequent price moves:
- Current quarter has given price move to base of JLK
- Expectation for the price to move at least to previous quarter highs (LOW POINT)
- Trailing stop-loss on price above LOW point
GOOD LUCK.
DO YOUR OWN RESEARCH!
The drop in price action mid-April would have indicated exit with minimal profits