The Stock: AeroVironment (http://www.avinc.com/)
AeroVironment is a world leader in the military drone space.
Here's why it's time to get super bullish on the stock?
The stock made a Big Candle move a few weeks back and since then has formed a small consolidation pattern which is a very bullish sign for days and weeks to come. AVAV is a buy and it will not surprise me if the stock is significantly higher from current levels - three to six months from now. What stock has formed now: A Classic Textbook Bullish Chart. Having said all the above: In market, nothing is certain and hence one should always have stop loss/exit plan because you never know
The commercial drone market is expected to skyrocket to $23 billion annually by 2022, up from just $6 billion right now.
The stock making a big candle move is a recognition that drones are becoming mainstream with multiple applications in various industries and investors now pricing this new trend.
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Disclaimer – The state of the market notes is Deepak’s perspective on the market. The column is purely for educational purpose. Nothing contained herein is a solicitation to trade or a recommendation of a specific trade. By reading this publication you agree to make no trade relying in whole or in part on the comments of the writers