Long Position on AEHR @ $26.50 on 11/28/2022 (Momentum)

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

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 October 6th, AEHR reported Quarter August 2022 earnings of $0.02 per share on revenue of $10.7 million.. Revenue grew 89.0% on a year-over-year basis. 

Shares have formed a bullish "cup and handle" and higher share prices are expected.

 

Entry Point: $26.50

Stop Loss: $25.00

Trading Range: $6.71 to $27.00

Target Price: $29.15

Position closed on 12/6/2022 at price of $25.00 with a -5.66% loss in 8 days.

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