A price move for CAE Inc. (TSX:CAE) above the 39.44 price label would signal a 52-week high breakout
Dwight Galusha | July 7, 2021 | SmallCapPower: CAE Inc. (TSX:CAE) (NYSE:CAE) is setting up near the apex of a giant multi-month ascending triangle continuation pattern with an increase in bullish volume. A price move above the 39.44 price label would signal a 52-week high breakout and suggest a continuation of the uptrend.
CAE is a high-tech company that has revolutionize training and operational support solutions in the civil aviation, defence and security, and healthcare industries.
More than 60% of the company’s revenue is generated from recurring business. CAE has about 10,000 employees in 160 locations and training centres in more than 35 countries.
CAE recently closed its US$1.05 billion acquisition of L3Harris Technologies’ Military Training business.
Dwight Galusha is a Chartered Market Technician (CMT) whose work can be found at www.SetYourStop.com
To read our full disclosure, please click on the button below:
The Content contained on this page (including any facts, views, opinions, recommendations, description of, or references to, products or securities) made available by SmallCapPower/Ubika Research is for information purposes only and is not tailored to the needs or circumstances of any particular person. Any mention of a particular security is merely a general discussion of the merits and risks associated there with and is not to be used or construed as an offer to sell, a solicitation of an offer to buy, or an endorsement, recommendation, or sponsorship of any entity or security by SmallCapPower/Ubika Research. The Reader should apply his/her own judgment in making any use of any Content, including, without limitation, the use of any information contained therein as the basis for any conclusions. The Reader bears responsibility for his/her own investment research and decisions. Before making any investment decision, it is strongly recommended that you seek outside advice from a qualified investment advisor. SmallCapPower/Ubika Research does not provide or guarantee any financial, legal, tax, or accounting advice or advice regarding the suitability, profitability, or potential value of any particular investment, security, or information source. Ubika and/or its affiliates and/or their respective officers, directors or employees may from time to time acquire, hold or sell securities and/or commodities and/or commodity futures contracts in certain underlying companies mentioned in this site and which may also be clients of Ubika’s affiliates. In such instances, Ubika and/or its affiliates and/or their respective officers, directors or employees will use all reasonable efforts to avoid engaging in activities that would lead to conflicts of interest and Ubika and/or its affiliates will use all reasonable efforts to comply with conflicts of interest disclosures and regulations to minimize the conflict.
To read our full disclosure, please click on the button below:
 above the 39.44 price label would signal a 52-week high breakout.){kind=link}