Today I’ve got a swing trade recommendation that’s sure to make your holidays merry and bright.
First, this power management company supplies its products to about 175 countries, giving it a wide moat. This ensures that losing a customer won’t have a major impact on its revenues or margin.
Second, the company has repurchased nearly 16 million shares to date. That tells us management is confident the company is moving in the right direction.
And finally, its third quarter earnings surpassed estimates by nearly 13%.
In short, this company looks to be in an upward trend. But its stock is in the middle of a pullback. So we need to act fast.
Click here to watch today’s video. And stay tuned for future swing trade recommendations.