$EOS:ASX - ELECTRO OPTIC SYSTEMS - Space and Defence Systems

EOS has been having a great run over the last several months and uncertainty around Iran and other parts of the globe has been good for the sector as a whole and EOS in particular. Recent volume has been strong and it broke back up above the $7 mark today getting as high as $7.20 before pulling back. Fingers crossed this is a sign it will push past that $7 barrier over the next few days and start to use it as support. Might be worth a watch.

Current demand: 134 buyers for 315,798 units vs 53 sellers for 119,528 units

Electro Optic Systems Holdings Limited is an Australia-based company engaged in the space and defense system business. The Company's segments include Space and Defence Systems. Space segment includes laser-based space surveillance systems and also manufactures and sells telescopes and dome enclosures for space projects. Defence Systems segment develops, manufactures and markets fire control, surveillance and weapon systems military customers. The Company has developed space tracking sensors. The Company, through its subsidiary, offers observatories, telescopes, space surveillance products, detector systems and laser products. The Company's product range includes EOS R-400 and EOS R-600. It offers repair services and sensor units for military and security application.

Comment:

Got stopped out. Looking for new entry. 16% upside opportunity back to old levels.

Comment:

I've been back in EOS for quite a while and it's one of my better performers. After this weeks turbulence it paused a little so might be worth a look for a top up if it continues heading the right way.