CAE Inc Stock Set to Continue its Uptrend? Technically Speaking by Dwight Galusha

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.

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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

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