Long Position on MPTI @ $40.00 on 3/18/2024 (Fundamentals)

M-tron Industries, Inc. (MPTI), together with its subsidiaries, engages in the design, manufacture, and marketing of frequency and spectrum control products.

The company's products include radio frequency, microwave, and millimeter wave filters; cavity, crystal, ceramic, lumped element, and switched filters; high frequency and performance OCXOs, integrated PLL OCXOs, TCXOs, VCXOs, and low jitter and harsh environment oscillators; crystal resonators, integrated microwave assemblies; and solid-state power amplifier products.

Its products are used in applications in the commercial and military aerospace, defense, space, and other commercial markets.

The company was founded in 1965 and is headquartered in Orlando, Florida.

Shares should head higher as they move along its double bottom formation.

Entry Point: $40.00

Trading Range: $9.71 - $45.60

Stop Loss: $38.00

Target Price: $44.00

Updates

3/26/2024 10:48:21 AM

MPTI closed at $38.

Position closed on 3/26/2024 at price of $38.00 with a -5.00% loss in 8 days.

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