Tuesday, April 15, 2014

Three Beat Up Momentum Stocks: ATRO, DXYN, SYUT

Astronics (ATRO - Snapshot Report) is a manufacturer of specialized lighting and electronics for the cockpit, cabin and exteriors of military, commercial transport and private business jet aircraft. ATRO is insulated within the aerospace and defense equipment industry that ranks in the top 31% of our Zacks Industry Rank. Currently, ATRO is a Zacks Rank #1 (Strong Buy).
The earnings story has been strong for ATRO for most of the last four years, with one major rough patch coming in 2012. Since then year over year numbers have improved and earnings estimates have continued to be revised to the upside. The price and consensus chart below shows the story of earnings over the last several years.

The technical picture may be turning a corner for ATRO. Usually I look for stocks trading above their 25 day moving average shifted by 5 days (25x5) that are firmly in uptrends.  (more)
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