Buying MX (MagnaChip Semiconductor), up 5% on 7-13-2017 on decent volume from an Ascending Triangle Base.
Extra information from Zack’s:
3. MagnaChip Semiconductor Corporation MX
MagnaChip possesses a small market cap of $317 million, but is projected to skyrocket in the near future. As of 60 days ago, MagnaChip’s full-year EPS estimates increased by 37.50%, while their current Cash Flow Growth stands at 52.09%. Further, MagnaChip surprised shareholders by beating their most recent earnings projections by 80%. MagnaChip also holds a 21.25 P/E ratio and Earnings Yield of 4.73%; both of these measurements are respectable among its industrial competitors. Also, the company sports a strong Price/Sales ratio of 0.45. This means that MagnaChip is only paying $0.45 for every $1 of sales the corporation earns. This company received a Zacks Rank #2 (Buy) due to adjustments to its future earnings forecast.
The difficult part is figuring out which swing trading holding to sell:
How were these stock trading ideas generated?
How did I find these stocks? I used StockDomo.com Automated Stock Idea system, based on (currently) six potential buy signals based on ideas such as a breakout on good volume from 52 week high. You can even track performance of the buy strategies. Visit StockDomo.com.