1. The stock has a long base, it has traded sideways in a narrow vertical range for an extended period of time. This boring trading activity tends to weed out the emotionally-charged short-term traders. . The only shareholders left are the long-term fundamentally-biased shareholders who have no intention of selling their shares any time soon. The longer a stock sets up in a base, the larger the ultimate advance. Stocks that have been basing for a year or more generally offer no clue signaling a break out to the upside. 2 . The stock broke out above 30 week moving average. After It did it, the volume expanded. 3. The 30-week moving average starts to rise. 4. High angle of attack about 40 degrees 5. The stock is under 15$ As a matter of arithmetic, the stocks with the largest percentage moves begin their moves from lower prices. The great thing about a lower priced stock is that it becomes âmarginableâ around $4 or $5 (depending on the particular broker). To put it simply, when a stock meets this margin threshold, a broker will allow shareholders to borrow 100%-300% or more of the stockâs value to purchase additional shares. 6. Nice clean chart. 7. Had prior momentum. 8. Has consistently reported quarterly revenue and earnings per share that have not deviated significantly from each other over the past few quarters 9. The company recently required other company. 10. P/E 12.49 11. SEQUENTIAL IMPROVEMENT in revenue and earnings 12. INCREASING MARGINS margin percentage increase from 11.5% during Fiscal 2020 to 12.4% during Fiscal 2021. 13. OPEN MARKET INSIDER BUYING
2022-03-24 14:09:01 2022-03-23 ELA Destefano Allison M Dir P - Purchase $4.40 +1,000 135,026 +1% +$4,400 2022-03-22 14:36:59 2022-03-21 ELA Destefano Allison M Dir P - Purchase $4.40 +2,671 134,026 +2% +$11,752 2022-03-22 09:35:41 2022-03-21 ELA Schepp Richard D Dir P - Purchase $4.39 +15,000 15,000 New +$65,850 2022-03-22 09:35:39 2022-03-21 ELA Pedersen Bret Allen CFO P - Purchase $4.28 +731 50,927 +1% +$3,129 2021-08-10 12:06:33 2021-08-09 ELA Pedersen Bret Allen CFO P - Purchase $4.71 +650 50,196 +1% +$3,062 2021-05-26 17:25:10 2021-05-26 ELA Destefano Allison M Dir P - Purchase $4.38 +2,300 131,355 +2% +$10,074 2021-05-11 09:30:45 2021-05-10 ELA Pedersen Bret Allen CFO P - Purchase $4.02 +2,053 97,999 +2% +$8,243
14. LOW FLOAT AND LOW MARKET CAP Shs Outstand 26.93M Shs Float 7.52M 15. Optionable? Yes. Much better if it's not. 16. Short Float 1.68% 17. A GREAT TICKER!