Ducommun Inc Surges on earnings

Huge beat on earnings resulted in break from long established congestion channel.
Stock is now overbought with rsi at 81 so expect slight pullback before looking for a entry
Company earnings
Ducommun (DCO +17.6%) reported Q4 revenue growth of ~14% Y/Y to $186.93M, and backlog of $910M, reflecting strong orders across numerous key platforms, particularly within defense business.
Revenue by segments: Electronics Systems $96.33M (+13% Y/Y); and Structural Systems $90.59M (+14.8% Y/Y).
Q4 Gross margin improved by 154 bps to 21.5%; operating margin improved by 430 bps to 8.1%; and Adj. operating margin was 8.4% up by 185 bps.
Adj. EBITDA was $25.16M (+29.8% Y/Y); and margin improved by 166 bps to 13.5%.
Company says they are looking forward to starting back production later in Q1 and are well positioned operationally to meet the rate requirements now and in the future.
Source Seeking Alpha