Long Position on AEHR @ $15.25 on 9/23/2022 (Momentum)

Aehr Test Systems (AEHR) provides test systems for burning-in semiconductor devices in wafer level, singulated die, and package part form worldwide. 

It has over 2,500 systems installed worldwide. Increased quality and reliability needs of the Automotive and Mobility integrated circuit markets are driving additional test requirements, incremental capacity needs, and new opportunities for Aehr Test products in package, wafer level, and singulated die/module level test.

On July 19th, AEHR reported Quarter May 2022 earnings of $0.20 per share on revenue of $20.3 million. Revenue grew 165.6% on a year-over-year basis. The next earnings report is due on October 6th.

Shares are heading higher in an upward trendline. The trendline coincides with the stock's 50-day moving average. Higher share prices are expected. 

Entry Point: $15.25

Stop Loss: $14.50

Trading Range: $6.71 - $27.09

Target Price: $17.50

Position closed on 9/23/2022 at price of $14.50 with a -4.92% loss in 0 days.

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