The stock recently broke above the short-term moving average of 50-DMA last week and also from a Symmetrical triangle pattern breakout which is a bullish sign. Symmetrical triangles are formed when neither the bulls nor the bears have the upper hand in a directionless market and can be identified when the stock makes lower highs and higher lows.
10 stks that got upgrades & downgrades from MOSL post Q4 results
As all major companies have already announced their Q4 results, brokerage firm Motilal Oswal has upgraded and downgraded the estimated FY24 earnings of several stocks.
June 3, 2023