SPB (Spectrum Brands Holdings Inc.) - Bullish on quarterly move
Updated
Spectrum Brands Holdings
Spectrum Brands Holdings Inc. operates as a consumer products company. It supplies consumer batteries, residential lock sets, building hardware, plumbing, personal care products, household appliances, pet supplies, lawn and garden, home pest control equipment and auto care products through its subsidiaries. Spectrum Brands Holdings Inc., formerly known as HRG Group, is based in WI, United States.
Analysis/Commentary
Strong EPS and Sales Growth Y-on-Y
Based on the study of the previous quarterly earnings reports and subsequent price moves:
- Current quarter has shown price using the LOW point as resistance
- Buy initiated, though small further downside possible
- Expectation for the price to move to MID or HIGH point
- Trailing stop-loss on price above MID point
GOOD LUCK.
DO YOUR OWN RESEARCH!
Spectrum Brands Holdings Inc. operates as a consumer products company. It supplies consumer batteries, residential lock sets, building hardware, plumbing, personal care products, household appliances, pet supplies, lawn and garden, home pest control equipment and auto care products through its subsidiaries. Spectrum Brands Holdings Inc., formerly known as HRG Group, is based in WI, United States.
Analysis/Commentary
Strong EPS and Sales Growth Y-on-Y
Based on the study of the previous quarterly earnings reports and subsequent price moves:
- Current quarter has shown price using the LOW point as resistance
- Buy initiated, though small further downside possible
- Expectation for the price to move to MID or HIGH point
- Trailing stop-loss on price above MID point
GOOD LUCK.
DO YOUR OWN RESEARCH!
Note
TRADE UPDATE: Unsuccessful.Though we note climb to target price in latter days of quarter
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