The MTU aircraft engine ( MTUAY ) has fallen by 10.7% over the last 4 weeks, but formed a hammer reversal signal on the last trading day—after hitting a new low, the stock price rebounded strongly to close, indicating that short positions may be losing strength. More importantly, the fundamentals are improving: analysts have raised the EPS forecast for this year by 0.9% over the past 30 days, indicating that institutions are more optimistic about its performance. Currently, MTUAY is rated Zacks Rank #2 (buy rating), ranking in the top 20% among over 4000 stocks. Historical data shows that stocks with this ranking usually outperform the market. Bottoming out + technical reversal + improving fundamentals, this wave may be worth following.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
The MTU aircraft engine ( MTUAY ) has fallen by 10.7% over the last 4 weeks, but formed a hammer reversal signal on the last trading day—after hitting a new low, the stock price rebounded strongly to close, indicating that short positions may be losing strength. More importantly, the fundamentals are improving: analysts have raised the EPS forecast for this year by 0.9% over the past 30 days, indicating that institutions are more optimistic about its performance. Currently, MTUAY is rated Zacks Rank #2 (buy rating), ranking in the top 20% among over 4000 stocks. Historical data shows that stocks with this ranking usually outperform the market. Bottoming out + technical reversal + improving fundamentals, this wave may be worth following.