Bullish on MSI
Analysis Price Target: 180.19
Short Float: 1.41%
Looks to be bouncing off trendline support
Crossed 50 SMA
Should fly after breaking out of its current down channel
Also showing a Tower Bottom Candlestick Pattern!
My Plan:
IN: 164.85
Trailing Stoploss: -3.75 (1.5 x ATR)
Profit Target: 180
Risk/Reward Ratio: 4
Willing to increase position on Channel break/ (168.25 Previous Peak/Resistance)
"MSI has secured a $23.8 million contract from the U.S. Department of Defense to bolster mission-critical communications infrastructure among the first-responder community in the U.S. Navy. The deal is likely to augment the communications equipment maker’s competitive position in the public safety ecosystem." -Yahoo Finance
https://finance.yahoo.com/news/motorola-wins-u-navy-deal-133301192.html
https://finviz.com/quote.ashx?t=msi
http://www.finvids.com/Candlestick-Chart/Tower-Top-Bottom/
Analysis Price Target: 180.19
Short Float: 1.41%
Looks to be bouncing off trendline support
Crossed 50 SMA
Should fly after breaking out of its current down channel
Also showing a Tower Bottom Candlestick Pattern!
My Plan:
IN: 164.85
Trailing Stoploss: -3.75 (1.5 x ATR)
Profit Target: 180
Risk/Reward Ratio: 4
Willing to increase position on Channel break/ (168.25 Previous Peak/Resistance)
"MSI has secured a $23.8 million contract from the U.S. Department of Defense to bolster mission-critical communications infrastructure among the first-responder community in the U.S. Navy. The deal is likely to augment the communications equipment maker’s competitive position in the public safety ecosystem." -Yahoo Finance
https://finance.yahoo.com/news/motorola-wins-u-navy-deal-133301192.html
https://finviz.com/quote.ashx?t=msi
http://www.finvids.com/Candlestick-Chart/Tower-Top-Bottom/