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Methode Electronics, Inc.Methode Electronics, Inc.Methode Electronics, Inc.

Methode Electronics, Inc.

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900070 trade ideas

New Setup: MEISlim pickings coming out of last week's on quality momentum stocks -- however going thru my stock scanner I managed to find a setup. MEI : I have a swing trade setup signal. I'm looking to enter long if the stock can manage to CLOSE above the last candle high(BUY). If triggered, I will then place a stop-loss below (SL) and a price target above it(TP-50%,move SL to breakeven), then using the close below the 10SMA as my trailing stop loss. **Note: The above setups will remain valid until the stock CLOSES BELOW my set stop-loss level(SL). Coming Soon! Youtube.
NYSE:MEI
by StockHunter88
Methode Electronics Bullish pre Earnings Entry level $ 37.89 = Target price $41.26 = Stop loss $ 36.58 Very bullish setup as earnings approach. Indicators are in a bullish mode having reversed. Above $39 is a very congested price zone so advances may be slow. P/E ratio 14.72 very reasonable. Company profile Methode Electronics, Inc. engages in the manufacture of component and subsystem devices. It operates through the following segments: Automotive, Interface, Industrial, and Medical. The Automotive segment supplies electronic and electromechanical devices, and related products to automobile original equipment manufacturers. The Interface segment provides a variety of copper and fiber-optic interface and interface solutions for the aerospace, appliance, commercial food service, construction, consumer, material handling, medical, military, mining, point-of-sale, and telecommunications markets. The Industrial segment manufactures external lighting solutions, industrial safety radio remote controls, braided flexible cables, current-carrying laminated busbars, and devices. The Medical segment refers to the medical device business. The company was founded by William Joseph McGinley in 1946 and is headquartered in Chicago, IL.
NYSE:MEILong
by Bullishcharts
BREAKOUT IMMINENT IN METHODE ELECTRONICS =====PRICE TARGET $37.50==== ENTRY LEVEL ON BREAK OF RESISTANCE @ $32.20 EARNINGS HIGHLIGHTS Shares of Methode Electronics Inc. (NYSE:MEI) were up more than 13% on Thursday after the company released its first-quarter 2020 results before the opening bell. The company beat analyst expectations for both earnings per share and revenue. Methode Electronics posted a 20.9% increase in net sales to $270.2 million. GAAP net income came in at $28.3 million, or 75 cents per share, beating analyst expectations by 7 cents. Sales from Grakon, which it acquired in 2018, came in at $54.3 million. They had a huge impact on the company's GAAP net income. The gross margin for the year ticked up to 28.1% from 26.9% in the prior-year quarter. Management attributed this change primarily to Grakon's sales. But selling and administrative expenses also edged lower to 12%, down from 13.2% in the year-ago quarter. SOURCE GURUFOCUS.COM
NYSE:MEILong
by Bullishcharts