Celestica Inc Oversold & Poised for a Rebound
Celestica Inc (NYSE:CLS) has not exactly been rewarding investors as of late. Celestica stock is down 41.2% over the last 52 weeks and is down 19.5% year-to-date. The good news? It's sitting at a tested support level near $7.00, a level it hasn't been at since 2012.
On the one hand, CLS stock has wiped out all of its gains over the last seven years. On the other hand, the company is in the midst of transforming itself, it has a strong balance sheet, it has been posting solid numbers, and its shares are oversold.
For risk-tolerant investors, this is a great tech stock that is poised to.
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Celestica Inc (NYSE:CLS) has not exactly been rewarding investors as of late. Celestica stock is down 41.2% over the last 52 weeks and is down 19.5% year-to-date. The good news? It's sitting at a tested support level near $7.00, a level it hasn't been at since 2012.
On the one hand, CLS stock has wiped out all of its gains over the last seven years. On the other hand, the company is in the midst of transforming itself, it has a strong balance sheet, it has been posting solid numbers, and its shares are oversold.
For risk-tolerant investors, this is a great tech stock that is poised to.
Den vollständigen Artikel lesen ...