Long Position on CLS @ $47.00 on 5/7/2024 (Momentum)

Celestica Inc. (CLS) provides supply chain solutions in North America, Europe, and Asia.

BULLISH CUP AND HANDLEIt operates through two segments: Advanced Technology Solutions, and Connectivity & Cloud Solutions.

The company offers a range of product manufacturing and related supply chain services, including design and development, new product introduction, engineering services, component sourcing, electronics manufacturing and assembly, testing, complex mechanical assembly, systems integration, precision machining, order fulfillment, logistics, asset management, product licensing, and after-market repair and return services.

It also provides hardware platform solutions, which includes development of infrastructure platforms, and hardware and software design solutions and services which is used as-is or customized for specific applications; and management of program including design and supply chain, manufacturing, and after-market support, including IT asset disposition and asset management services.

The company offers its products and services to original equipment manufacturers, cloud-based, and other service providers, including hyperscalers, and other companies in aerospace and defense, industrial, HealthTech, capital equipment, and communication and enterprise markets.

Celestica Inc. was incorporated in 1994 and is headquartered in Toronto, Canada.

After a stribg earnings report last week, share prices should head higher.

Entry Point: $47.00

Trading Range: $10.77 - $51.12

Stop Loss: $44.65

Target Price: $51.70

Position closed on 5/16/2024 at price of $52.00 with a 10.64% gain in 9 days.

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