COB Cobham News
· Revenue 6% higher, benefiting from favourable currency translation. Organic5 revenue growth of 1%
· Underlying operating profit of £210.3m, slightly ahead of expectations
· Progressing delivery on the onerous contracts provided for in 2016, including KC-46, although risks and challenges remain
· Strong free cash flow...
Cobham is currently trading within an area of support with MACD & RSI divergences to price on multiple time frames. With such low risk/exposure to this trade I think it is well worth consideration and I have took a small long position here.
The multidiagonal lines currently suggest that COB will be a good buy in early April.
If I remember to I will post some more detailed charts closer to the time to try and pin down a more specific date for the move.