Jhoefler

$TEN Closes Above Long Term Resistance

看多
Jhoefler 已更新   
NYSE:TEN   None
On 5/27/20 $TEN closed above a long term resistance level that hasn't been broken since January 16th, 2018. Not only did $TEN break though and close higher than resistance, it did so with gusto, gapping higher on the day. $TEN is also above its 50 day moving average of $4.14 and the 50 day MA is just beginning to slope upward indicating continued short term bullishness. Fundamentally this auto supplier of aftermarket and OE has taken a beating in the last two years which imho has been way overdone. Although this company is levered up to their neck in debt, their long term earning potential will make today's stock price look extremely cheap on any metric if they're able to pay that debt down over time. If they aren't able to service their debt, then they will have to sell off product lines or whole divisions which would only boost the stock price from these levels making it a great win-win scenario.
評論:
CORRECTION: ***On 5/26/20 $TEN closed above.........

免責聲明

這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。