CAE Inc. (TSX:CAE) shares could be ready to hit a 52-week high and continue its uptrend
Dwight Galusha | June 17, 2021 | SmallCapPower: CAE Inc. (TSX:CAE) (NYSE:CAE) is setting up near the apex of a continuation triangle while the PPO attempts to cross above the zero line. A breakout from this technical pattern would yield a 52-week high 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.
Dwight Galusha is a Chartered Market Technician (CMT) whose work can be found at www.SetYourStop.com
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