ZFSTEERING GEAR BREAKS OUT FROM 2-MONTH LONG BULLISH H&SZFSTEERING GEAR made a breakout from 2-month long bullish Head & Shoulders on good volume. Its momentum has entered bullish territory, and the Relative strength to CNX 500 is above the average line and rising.
On the fundamental front its EPS and sales have been rising over the last 4 years. Also, over the last 4 quarters EPS has been rising, the last quarter was minimal (2%) though. Ove the last 8 quarters sales have been improving, except the March ’24 quarter where if dropped 1%.
Overall, the structure looks good.
Only personal analysis, and no recommendation. Please consult your financial advisor for any decision to invest or trade.
