Long Position on ELTK @ $14.90 on 1/5/2024 (Fundamentals)

Eltek Ltd. (ELTK) manufactures, markets, and sells printed circuit boards (PCBs) in Israel, Europe, North America, India, the Netherlands, and internationally.

Double Bottom FormationIt offers a range of custom designed PCBs, including rigid, double-sided, and multi-layer PCBs, and flexible circuitry boards.

The company also offers high density interconnect, flex-rigid, and multi-layered boards.

It primarily serves manufacturers of defense and aerospace, medical, industrial, telecom, and networking equipment, as well as contract electronic manufacturers and others.

The company markets and sells its products primarily through direct sales personnel, sales representatives, and PCB trading and manufacturing companies. Eltek Ltd. was incorporated in 1970 and is headquartered in Petach Tikva, Israel. Eltek Ltd. is a subsidiary of Nistec Golan Ltd.

This stock should be a strong purchase for those investors interested in dividends. The company recently placed purchase orders for $4.5 million in connection with its production capabilities.

Entry Point: $14.90

Trading Range: $3.84 - $16.23

Stop Loss: $14.16

Target Price: $16.40

Position closed on 1/19/2024 at price of $17.17 with a 15.23% gain in 14 days.

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