LOGI Long - A company with excellent growth

LOGI is showing a consistent uptrend pattern with increased trading volume on the weekly charts. It also looks like the stock is looking to close out the week with a bullish pin bar on the weekly charts too - Bullish sign. On the daily, LOGI is looking to clear overhead resistance which also happens to be the all time high. Fundamentally, positive earnings three days ago should support a continuation to the upside; 85% growth in quarter 3 sales, operating income tripling and GAAP earnings growing 222% y-o-y. I am looking at 30% upside from its current price to $125.

Will look to get a position in Logitech soon but I am also weary that the overall market is looking to open lower today. We will see! Please make your own trading decisions and don't forget to stay green!

Trade geschlossen: Ziel wurde erreicht:

TP of $130 hit, closed my entire position.