Tuesday, May 8, 2018

ST Engineering - Due For A rebound and Coming 1Q Results Looks Good

ST Engineering - 1Q18 earnings due this Friday(am). Company guided for smart city and marine revenue to double over the next few years. Recent contract wins and global expansion plan if executed well could turn it into a growth company. Technically  it has retraced to a key support level at 3.48. This blog expect 1Q result to be good given the positive guidance last quarter. Could rise to 3.60 in the short term on  positive results
All posts and charts are for educational and illustration purposes only

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