Concentrix is an American business services company specializing in customer engagement and business performance. With good revenue growth for the last 3 years the stock is looking good for a long entry.
After a double-bottom breakout,
CNXC
took a pause to make a good pennant with a pivot buy at $208.58. I realy like the fact that the price bounced off the 50-day MA two times, that is a good sign of strength.
I would start with a small position as it will announce earnings soon.
After a double-bottom breakout,
CNXC
took a pause to make a good pennant with a pivot buy at $208.58. I realy like the fact that the price bounced off the 50-day MA two times, that is a good sign of strength. I would start with a small position as it will announce earnings soon.
Comment:
Big down day after earnings. I didn't buy as it never made the breakout.
Waiting for the breakout to take a position.