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20-Dec-07

FLEX Watchlist idea

Watchlist Idea for FLEX.

Management has been ineffective for the past several years, with low ROA and ROE, and its margins are razor thin. But they are cash flow positive, earnings and revenue growth has been good in the past and is expected to remain positive in the new fy, last two quarters have also generated upside earnings surprises Technically, flex has formed a long price base, saucer bottom from Oct 2006, forming a cup and handlle. The handle appears to have formed in Dec 07 around 11.5 at its one year moving average - this setup allows me an low risk entry with an exit below the Dec 07 lows.

Tagged Stocks: FLEX

 

Posted at 09:23 in Watchlist Ideas  |   Permalink  |   Comments ()     |  Top

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