Long Position on NSSC @ $30.00 on 9/8/2022 (Momentum)

Napco Security Technologies, Inc. (NSSC) develops, manufactures, and sells electronic security products in the United States and internationally. Stockwinners

The company offers access control systems, door-locking products, intrusion and fire alarm systems, and video surveillance systems for commercial, residential, institutional, industrial, and governmental applications.

Its access control systems include various types of identification readers, control panels, PC-based computers, and electronically activated door-locking devices; and door locking devices comprise microprocessor-based electronic door locks with push button, card readers and bio-metric operation, door alarms, mechanical door locks, and simple dead bolt locks.

The company's alarm systems include automatic communicators, cellular communication devices, control panels, combination control panels/digital communicators and digital keypad systems, fire alarm control panels, and area detectors; and video surveillance systems comprise video cameras, control panels, video monitors, or PCs.

Shares have formed a bullish "cup and hadle" following it's latest quarterly report.  On August 29th, NSSC reported Quarter June 2022 earnings of $0.20 per share on revenue of $43.2 million. The consensus earnings estimate was $0.09 per share on revenue of $39.6 million. Revenue grew 22.0% on a year-over-year basis. Higher share prices are expected. 

 

Entry Point: $30.00

Stop Loss: $28.50

Trading Range: $15.39 to $30.13

Target Price: $33.00

Position closed on 10/5/2022 at price of $28.50 with a -5.00% loss in 27 days.

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