Despite the fact that the price has reached they average analysts price target we remain confident in the companies continued growth. The company currently holds 4 strong buys and 4 buy ratings from 9 analysts covering the name, thus we expect upside revisions to their price targets very soon, possible coming into earnings or post earnings release. We think any...
MRCY: Mercury Systems Inc 2018-11-15 16:15:00 Mercury Systems Wins Contract to Supply Mission Computers for C2 Application
Nice small consolidation breakout at bottom of range (pullback) following a false breakout out the bottom. Target is an estimate. On these high flying stocks, prefer to use the trailing stop loss. ATR Stops work well. If price closes below the indicator line, move stop loss up to just below that day low.
MRCY was found in breakout scan which is involved Defense and intelligence programs in the US. It Broke out of Major long term resistance with huge volume. We think if it can break $33.47 it can reach to $40 area shortly. * Trade Criteria * Date first found- January 25, 2017 Pattern/Why- Broke out of Major long term resistance Entry Target Criteria- Break of...
Yesterday's breakout has left the more than 2 months old trading range. Thus we may consider this as the first attempt to continue the uptrend. The bicycle rider, however indicated a pause but the failure to close the window up to now may be seen as a sign that the pause may be a short one.
Adding this to my watchlist. After earnings it shows as runaway gap. added pitchfork for monitoring.
The price of the shares of Mercury Systems (MRCY), has been an interesting up trend, the price now is out of a consolidation zone, seems like a good opportunity to make a trade. My sugestion: Entry point: 18.89 Stop loss: 15.35 Profit target: 23.00