3 Stocks Posturing for Growth
These three stocks are giving signals that they may be looking for an upward move.
Celestica, Inc. (NYSE: CLS)
Celestica, Inc. (CLS) is trading at $19.83 with institutional investors holding 79.88% of its 119 million outstanding shares. The company has shown impressive earnings growth, with a notable EPS surprise of 19.86% in the last quarter. It is a valuable tell that more money might be coming into shares if the company is beating earnings expectations – after all, isn’t that what people are looking for in an investment? Good results? If the stock breaks above the $61.06 resistance level, it could indicate a strong buying opportunity. High institutional ownership and consistent earnings performance suggest confidence in Celestica’s potential. This makes CLS a compelling investment option for those looking to capitalize on a possible breakout.
Logitech International S.A. (NASDAQ: LOGI)
Logitech International (LOGI) is currently trading at $97.75 with a market cap of $15 billion. The company has 153.86 million shares outstanding, with institutional investors owning 63.22% of them. Recent earnings reports show consistent performance, with a notable EPS surprise of 49.55%. The stock has a 52-week range of $53.91 to $102.59, and if it breaks above the $102.59 resistance level, it could signal a strong buying opportunity. I would however, caution owning it if it breaks below the $89-$90 mark. Understanding the financial side of a company is important but the chart often tells us the emotional story that paints a picture of how other investors are looking at the company. Its also good to look at volume and how the volume on any given day, week, or month has had a corresponding effect on the price action of the chart. High institutional ownership, solid earnings, and a potential breakout make LOGI an attractive investment.
Clear Secure Inc. (NYSE: YOU)
Clear Secure Inc. (YOU) is trading at $18.97, with institutional investors owning 87.39% of the outstanding 91.79 million shares. This high level of institutional ownership suggests strong confidence in the company’s potential. As you know, I like to see where money is moving and if at all possible, get ahead of it. You can still kind of do that even after institutional money has bought up shares – retail investors are still coming in behind them for the most part. Clear Secure has consistently surpassed earnings expectations, with the most recent EPS surprise at 65.88%.
The stock has a 52-week range of $14.64 to $26.59. If it breaks above the resistance level of $26.59, it could signal a significant bullish trend however, in the shorter term, I would begin to notice a reversal of the downward trend if it broke up above $21.60. Anything below $17.77 would keep it off my list. With robust earnings growth, high institutional backing, and consistent performance, Clear Secure presents a compelling buying opportunity.
