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.
KEM Technicals
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!
Happy Trading,
Vinny
https://theclosingprint.com/CV_Blog/nyse-and-market-seasonality-for-august/
Disclaimer: Do your Own Research
Our content is intended to be used and must be used for informational purposes only. It is very important to do your own analysis before making any investment based on your own personal circumstances. You should take independent financial advice from a professional in connection with, or independently research and verify, any information that you find on our Website and wish to rely upon, whether for the purpose of making an investment decision or otherwise.
Investment Warnings
We would like to draw your attention to the following important investment warnings. The value of shares and investments and the income derived from them can go down as well as up; Investors may not get back the amount they invested – losing one’s shirt is a real risk; past performance is not a guide to future performance.