Celestica Shares Show a Must-see Chart
Celestica Stock Reveals Strong Demand
Institutional volumes reveal plenty. For 1-year, CLS has enjoyed heavy institutional support.
Each green bar signals unusually large volumes in CLS shares, pushing the stock higher:
Plenty of Technology names are under accumulation right now. But there’s a powerful fundamental backdrop going on with Celestica that can help explain the runaway performance.
Celestica Fundamental Analysis
Institutional support coupled with a healthy fundamental backdrop makes this company worth investigating. As you can see, CLS has had positive sales & EPS growth in recent years:
3-year sales growth rate (+12.2%)
3-year EPS growth rate (+63.7%)
Source: FactSet
EPS is estimated to ramp higher this year by +9.5%.
Now it makes sense why the stock has been powering to new heights. Celestica gushes earnings.
Marrying great fundamentals with our proprietary software has found some big winning stocks over the long-term.
Celestica has been a top-rated stock at MAPsignals. That means the stock has unusual buy pressure and growing fundamentals. We have a ranking process that showcases stocks like this on a weekly basis.
It’s made the rare Top 20 report multiple times. The blue bars below shows when CLS was a top pick…cutting through the noise.
Tracking unusual volumes reveals the power of money flows.
This is a trait that most outlier stocks exhibit…the superstars. Money flows often reveal tomorrow’s leaders…today.
Celestica Price Prediction
The CLS rally isn’t new at all. Big Money buying in the shares is signaling to take notice. Given the historical gains in share price and strong fundamentals, this stock could be worth a spot in a diversified portfolio.
Disclosure: the author holds no position in CLS at the time of publication.
If you are a Registered Investment Advisor (RIA) or are a serious investor, take your investing to the next level, learn more about the MAPsignals process here.
This article was originally posted on FX Empire
