Hello fellow traders and investors, here's another trade idea.
LOGI has recently pulled back to the trendline that acts as a support. If LOGI makes a full recovery it offers around a 20% ROI to the previous high.
Technicals:
The Macd indicates that LOGI is oversold
The Ema's indicate that LOGI is in a downtrend
When To Buy:
When EMA's crossover
When the Macd...
The stock is in an uptrend, there is RSI divergence plus it seems to be oversold on the RSI.
If the trendline holds and the RSI returns to +30, I will consider buying for a long-term position or at least until the 118 is tested.
Fundamental:
P/E ratio of 16.9 vs industry average of 29.5
ROE of 44.5% vs. industry of 6.1%
ROA on 24.4% vs industry 3.8%
No debt
The PEAD projected a bullish outlook for $LOGI after positive over reaction following its earnings release placing the stock in drift B
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$LOGI
I like all time highs, there are no bag holders
Upward triangle, strong earnings, MACD, ATR and Stochastic are doing just fine.
2/10 bullish, given we could be due for a pull back
Logitech benefited from COVID, webcam sales surged by 258%, and upgraded its projection Y21 outlook to 35-40% growth from 10-13%.
The selloff from PFE's vaccine news is definitely an overreaction, and CCL has a bullish cross over 20MA and $81 support is tested.
Multiple levels to play on LOGI, short term target: $85 - $90
