EVEREADYIND BREAKS OUT FROM 34-MONTH RESISTANCE

Jul 26

EVEREADYIND this week is making a strong breakout from 34-month range. Volumes have multiplied over the last 5 weeks indicating strong institutional support for the counter. Its momentum (RSI) is strongly in the bullish zone above 60 (80+ currently) and the relative performance to CNX-500 turned up and is above its 26-week average. However, on the flip side the Jan 2018 high is nearby, about 460. On the fundamental side EPS has been rising significantly over the last 5 quarters, though sales have been marginally low over the last 3 quarters. Consensus estimate of EPS for FY 2025 stands at 13 against FY 2024 eps of just 3. About 56 funds hold the stock totalling to over 6% of equity.

Personal perspective for educational purposes only. No advice intended. Pl. consult your financial advisor for any buy, sell, or other decisions.