Buy Astec on pullback. Pilot position at 532

מעודכן
I took a pilot position at 532and I will be looking to add at minor corrections

Technical: stock quickly recovered from recent COVID-19 crash lows. It held 2019 lows and surged higher very quickly to make new highs. it has clocked the highest volume since 2017 and it's pretty close to its all tie high. The volume on up days are higher than the volume on down days. there are more green bars than the red bars.

Fundamental:

This stock shows excellent sales and profit growth.

5 years of sales growth - 15.8%
5 years of profit growth - 31.38%

Margins have been sliding for the past 4-5 years however if they work on it, the profits can scale up.
Debt is down by 43% since last year, its a good sign.

TTM earnings up 41%
עסקה פעילה
Added 2x at 720
עסקה פעילה
sold 20% @ 905. 20% upper circuit today
Chart PatternsTechnical IndicatorslongsetupNIFTYPHARMApharmaceuticalspharmastocksTrend Analysis

Value doesn't move stock prices, people do by placing buy orders. Value is only part of the equation. Ultimately, you need demand - Mark Minervini
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