NSSC Swing tradeDetails in screenshot. Aside from the technicals listed it is likely playing off the overreaction from an earnings report. We stopped directly at the golden channel. It's a large swing trade so remember to use properly risk management. You don't want to risk losing 10% of your portfolio in one trade.
Protect your money.
NSSC trade ideas
NSSC looks promising after a 55 Moving Average bounce5 reasons why NAPCO Security Technologies looks promising
#1 - Price has just retested the 55 Exponential Moving Average, a key ema here
#2 - Price candlesticks show the bounce and subsequent break past 3 key Exponential Moving Averages;
8 ema ( green), 21 ema (yellow crosses), 34 ema (orange)
#3 - Volume levels indicate a nice uptick in volume over the past 5 days
#4 - 2 key sentiment indicators; Stochastic and the RSI Indicator strongly suggest bullish
movement upwards
#5 - We have a GREEN STACKED WEEKLY EMA condition, and a YELLOW stacked daily ema condition (could turn green shortly);
EMAs are natural price resistances for the stock price. However, the stock price is ABOVE these resistance levels,
allowing price to trend toward prior price targets and not being hampered by emas holding it back
In addition to these favorable conditions, Friday's candlestick alone is very bullish.
Institutional ownership is at a whopping 77%! As a result, a sizeable amount of institutional money invested in a firm is generally viewed as a positive attribute.
As traders, the best we can do is to do our due diligence, pull the trigger on something that makes sense.
*Let's see what happens*
DISCLAIMER - I am not a professional trader. These are merely my thoughts and possible moves; i enjoy watching these stocks validate my process or slap me across the face lol. If you are in need of professional assistance with your trades, don't look here. I am not that guy.
Strong Stock, Weak GroupThis thing just won't go away. Consistent and orderly support. Fast-moving potential.
Company Fundamentals
EPS Due Date2/8/2022
EPS % Chg (Last Qtr)62%
3 Year EPS Growth Rate12%
EPS Est % Chg (Current Yr)51%
Annual ROE17.4%
Sales % Chg (Last Qtr)34%
3-Year Sales Growth Rate5%
Debt %2%
Market Cap
$917 Mil
Annual Pre -Tax Margin15.2%
SectorBusins Svc
Industry GroupSecurity/Sfty
Industry Group Rank165