Kemet Corporation KEM Trade
We’re looking at a few of the top performers in the IBD50 group yesterday. KEM was in the Top 10 and a stock we’ve looked at recently for a potential trade.
KEM Earnings and Forward Guidance
KEM expected annual growth in earnings is just shy of 30%. (29.8%)
KEMET Corporation manufactures and sells passive electronic components under the KEMET brand worldwide, serving original equipment manufacturers, electronics manufacturing services providers, and distributors in various industries, including automotive, communications, computer-related, industrial, consumer, military/aerospace, and alternative energy. It sells its products through direct sales force and independent sales representatives.
The stock found buyers at the 50d. The down cycle is easing as well, so we are looking for a follow through day on Wednesday. We will set stops using the Opening Range and a Trade of the Day setup.
Watch money flow and OBV for confirmation.
We’ll be LIVE at 9:20 AM to discuss KEM and the Top 10 IBD50 stocks. Join us!
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