SIS: A Sector Poised for Gains in the Future - Not a Buy Yet!SIS is Canadian company that focuses on any type of mobility device ranging from elevators to any sort of assistance an injured or disabled or elderly person may need - ranging from vans, platforms, and so forth.
A very interesting sector for the future as the population ages, however technically, the chart is fairly ugly.
More often than not after forming a bottom (often from a major series of highs), stocks fail the break-out the first time over 95% of the time but usually succeed the second time IF the financials and momentum are sufficient. I believe the stock has both a growing balance sheet/EPS/fundamentals and the momentum to break-out the second time around.
The company is certainly growing and has an attractive monthly dividend in place. However, I am expecting the stock to drop down to the $10.75-12.00 range over the course of the next 2.5-3 months.
This is certainly a sector you want to be part of in the future!
- zSplit
