Emerging aerospace and defense manufacturer

10 thg 6, 2024

CYIENTDLM
Overview: CYIENTDLM is a leading electronics system design and manufacturing player in the aerospace and defense sectors and other high-tech engineering segments. It is attractively priced to enter into a short term trade.

Fundamentals: As it is a high growth company, it has high PE ratio of 88, however its financials supports its expensive valuation. Sales have grown by 44% and Profits have risen by 90% YoY. With a PEG ratio of 0.64, it is expected to grow at a fast pace.

Technicals: CYIENTDLM has been trading in the range of 600 - 700 for the past 9 months. It faces resistance at 700 level. If it crosses 700 and closes above it, it can target its next resistance which is at 800. The Relative Strength Index gives a bullish indication as the RSI line (green color) has crossed above the Signal line (yellow color) and the RSI is not in the overbought zone.

Strategy: When CYIENTDLM forms a green candle and closes above 700, you may enter into a long position with a stop loss at 650. When the stock reaches 800 - 810 range, you may exit your position. However those with higher risk appetite may exit position when it makes a fresh 52 week high.

10 thg 11, 2024

Giao dịch đang hoạt động

You may enter into the same trade once again as the stock has returned to its starting position before it makes a bull run to the top.