Mercury Systems is well-positioned to see robust growth in a new era of defense spending and benefit from increased outsourcing.
The military challenges posed by Russia and China were the catalyst for NATO countries to increase defense budgets, leading to $1.5T of additional defense spending over the next decade.
The recent slowdown in profits is not unique to...
We have another Overhyped Defense Stock trading well above EPS ; This time trading well over 600 times earnings while the price is breaking below trend. It could be argued that we have an Inverted Cup with Handle at the Highs and if 46 Breaks we could quickly come down to $18 a Share but due to how high the PE is i wouldn't even be against targeting the 1.618...
Buy (Entry Price) above the black line and exit (Stop Loss) below the red line. Can take profit at the suggested Target Price.
Entry Price: $66.54
Target Price: $68.74
Stop Loss: $62.88
MRCY: Mercury Systems Inc
2022-02-28 16:15:00
Mercury Systems awarded $165M contract for secure mission system flight data recorders from U.S. Air Force
$MRCY is breaking out the pivot. However, there are two things to watch out. One is RSI which is still under the trendline and the other is volume that is also under average. It matters how it will close by Friday
