$SNX: A Possible Breakout in the Chart Pattern!
SYNNEX Corporation, a business process services company, provides business-to-business services that help their customers and business partners grow and enhance their customer-engagement strategies. Headquartered in Fremont, CA, and with operations in more than 30 countries, SYNNEX is an industry leader in IT distribution and customer care outsourced services, operating in two business segments: Technology Solutions and Concentrix. SYNNEX brings the most relevant technology solutions to the IT and consumer electronics markets to help their partners sustainably grow their business. With more than 100,000 associates operating in 25 countries and with fluency in over 40 languages, their Concentrix division delivers high-value business services and solutions for the customer-relationship lifecycle to more than 450 clients. SYNNEX is listed on the New York Stock Exchange (NYSE: SNX) and was ranked 198 on the 2017 Fortune 500.
Synnex Corp with the symbol "
SNX" is currently rated "Strong Buy" in one of the reliable equity research firms due to its value, growth and momentum. Historical EPS growth for 3 to 5years is 20.40%
At a current price of 109, it is still within the bullish trend from its low on March 18 at 52.06. It is climbing towards a major resistance level of 114 which may break out especially anticipating good news on the next report which will be June 23. There are 5 analysists who recommend a "strong buy" while radar of hedge funds are waiting to move towards buying which gives a strong signal to break another resistance level at 121.
What is your take? Do you think the chart pattern is moving towards a break-out?
Synnex Corp with the symbol "
SNX" is currently rated "Strong Buy" in one of the reliable equity research firms due to its value, growth and momentum. Historical EPS growth for 3 to 5years is 20.40%At a current price of 109, it is still within the bullish trend from its low on March 18 at 52.06. It is climbing towards a major resistance level of 114 which may break out especially anticipating good news on the next report which will be June 23. There are 5 analysists who recommend a "strong buy" while radar of hedge funds are waiting to move towards buying which gives a strong signal to break another resistance level at 121.
What is your take? Do you think the chart pattern is moving towards a break-out?
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