Long $GNTXOn a lower support of the channel. I will take long position. Stop loss is break below channel.
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Gentex
GNTX: A Leader, Stable & Resilient Smart Car Play; AMAT Alt IdeaDuring CES 2018, I was on a mission to hunt down companies that exuded a sense of advancement, foresight and trend setting. Gentex was one such company that I'd never heard of, but given their gorgeous expo display, helpful reps, consistent crowds and the shiny Land Rover sitting idly by, I had to investigate. They are an absolute market leader in rear view mirror tech and other sensor/camera/material plays that integrate into the Smart Car sector. Gentex is NOT a company you trade, nor really pay attention to unless you're an institutional player in the sector. Trend lines show steady growth with a nice, higher trend coming out of 2017 that has held for the most part in 2018, but it doesn't really matter. GNTX is a stud that I find recommending if people are fans of AMAT because of the stable, consistent trends. It won't breakout without some outstanding news, but it also won't drop hard during a period of volatility.
GNTX has an amazing market position, solid financials, competent leadership, lucrative R&D and powerful partnerships moving forward. Not a lot of coverage can be found for it, but anyone taking a peek has come to the same, humble, steady conclusion. GNTX is a good money hideout and long, LONG term investment as the Smart Car sector plays out. Excessive fragmentation and regulation is crippling the data portion of it, but GNTX is participating in a more tangible and familiar area.
