Long Position on KEYS @ $89.50 on 4/22/2019 (Momentum)

This stock was last featured on January 18th.

 

upward trading channel on $KEYSKeysight Technologies, Inc. (KEYS) provides electronic design and test solutions to communications and electronics industries internationally.

Its Communications Solutions Group segment provides radio frequency and microwave test instruments and related software, and electronic design automation (EDA) software tools; oscilloscopes, logic and serial protocol analyzers, logic-signal sources, arbitrary waveform generators, and bit error rate testers; optical modulation analyzers, component analyzers, power meters, and laser source products, as well as optical amplifier, filter, and other passive component solutions; and related software solutions.

The company's Electronic Industrial Solutions Group segment offers design and design verification tools; and general purpose test and measurement products, such as digital multi-meters, function generators, waveform synthesizers, counters, data acquisition products, audio analyzers, LCR Meters, thermal imaging solutions, low-cost USB modular units, precision source measurement units, ultra-high precision device current analyzers, test executive software platforms, and a range of power supplies.

This segment also offers comprehensive manufacturing systems, such as printed-circuit-board-assembly testers and IC parametric testers; and material analysis products that include atomic-force and scanning-electron microscopy products. Its Services Solutions Group segment provides repair, calibration, and consulting services; and remarkets used Keysight equipment, as well as asset tracking, servicing, and utilization requirements throughout the product life cycle.

The company also offers start-up assistance, instrument productivity, and application services, as well as customization, consulting, and optimization services. Keysight Technologies, Inc. sells its products through direct sales force, distributors, resellers, and manufacturer's representatives. 

Shares are moving higher in an upward trading channel and higher share prices are expected from this formation. The 30-day moving average (shown in brown) supports the formation.

The company is scheduled to report its quarterly results on May 23rd. During its last earnings report, Keysight Technologies reported 1st Quarter January 2019 earnings of $0.89 per share on revenue of $1.0 billion. The consensus earnings estimate was $0.80 per share on revenue of $978.2 million. The company said it expects second quarter non-GAAP earnings of $0.93 to $0.99 per share on revenue of $1.06 billion to $1.08 billion. The current consensus earnings estimate is $0.92 per share on revenue of $1.04 billion for the quarter ending April 30, 2019.

 

Entry Point: $89.50

Stop Loss: $85.00

62-Weeks Trading Range: $50.59 to $92.99

Target Price: $98.50

 

Updates

5/21/2019 3:00:01 PM

KEYS closed at $76.

Position closed on 5/21/2019 at price of $76.00 with a -15.08% loss in 29 days.

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