Long Position on KEM @ $17.10 on 7/27/2017 (Momentum)

KEMET Corporation (KEM) manufactures and sells passive electronic components under the KEMET brand worldwide.

The company operates through two segments, Solid Capacitors, and Film and Electrolytic.

Its products include tantalum, multilayer ceramic, film, electrolytic, paper, and solid aluminum capacitors, as well as EMI filters.

The company offers its capacitors for use in the automotive, communications, computer-related, industrial, consumer, military/aerospace, and alternative energy industries.

KEMET Corporation sells its products to original equipment manufacturers, electronics manufacturing services providers, and electronics distributors. Shares have formed a bullish "cup and handle" and higher share prices are expected for this stock. Note that the company is expected to report its quarterly results on July 31. Higher share prices are expected for this stock.

52-Weeks Trading Range: $3.24 - $17.89

Entry Point: $17.10

Stop Loss: $16.20

Targt Price: $18.81

Updates

8/7/2017 12:36:02 PM

KEM closed at $19.02.

Position closed on 8/7/2017 at price of $19.02 with a 11.23% gain in 11 days.

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