SXI

 SXI

STANDEX INTERNATIONAL CORPORATION







Standex International Corp. engages in the provision of products and services for commercial and industrial markets. It operates through the following segments: Electronics, Engraving, Scientific, Engineering Technologies, and Specialty Solutions. The Electronics segment is involved in the manufacturing and selling of electronic components for applications throughout the end-user market spectrum. The Engraving segment provides mold texturizing, slush molding tools, project management and design services, roll engraving, hygiene product tooling, low observation vents for stealth aircraft, and process machinery. The Scientific segment includes temperature-controlled equipment for the medical, scientific, pharmaceutical, biotech and industrial markets. The Engineering Technologies segment offers net and near net formed single-source customized solutions in the manufacture of engineered components for the aviation, aerospace, defense, energy, industrial, medical, marine, oil and gas, and manned and unmanned space markets. The Specialty Solutions segment refers to the manufacture and sale of refrigerated, heated and dry merchandizing display cases, custom fluid pump solutions, and single and double acting telescopic and piston rod hydraulic cylinders. The company was founded by John Bolten in 1955 and is headquartered in Salem, NH.

Overbought conerns. Daily chart is fantastic. Clear earnings pump and big vol icnease. Very tight coils. Financials are great with good growth. Record net profit last year. Not the best stock in the induistry, it is one of the smaller ones. Indsuitry performance has been great last quarter, no reason it cant continue. 

Queries are nothing special. Will have to see if we can get a good breakout to see how they look after. 

Overall its been one of the stronger stocks out there. from 2023. Now shoign LLs and inching higher to the top of the year long vol prof zone. Seems readyt for a good move. Nice tight stop to work witrh too as the MA coil is all within a few points. 

Overall I love the pattern, love the industry, lots of big gainers out there. Financials great, not a clear undervalue play but is still growing. Queries are the only thing iffy. Will have to wait and see but definitely worth the risk. 




2/9

Note on last week, earnings on industry names are SYM and ROK, both down 15% on pretty bad news. To not see SXI care off of its own beat EPS, small miss Rev, and less than 1% drop in othyer aspects is great to see that Rel Str. 

Super low vol trader. Tough to watch this thing move with a dollar spread and no trades over several minutes.

Good breakout with good rel vol. Closed at quarterly high. Industry also strong. 

Frequent days good. Says more coming. 60%+ g close. Returns small edge green. Nothing major still.

Actual Frequent days though in history show a top. Given how far apart M MAs are, also makes sense here. 

All in all, we are ramping u p in a strong ndustry. Need to let it work. Will add on held PBs if Frequent data changes and industry holds strong.

2/23

Big rip break. Good vol.

Into top rising TL, into ATH 168.80. Queries shifting red as we are a bit overbought. Partial will happen on this one on new ATH. 

Industry split as we are seeing some down gap earnings and some breaks higher as well. 

Problem here is spread and pullbacks. When this stock pulls back it does so for a while. We are only a dollar off of ath so it shouldnt kill me if i get a bearish setup before hand and take it off a bit early. Must weigh options as we get closer to it. 


 

Comments

Post a Comment

Popular posts from this blog

Trading Plan

Image
Time is a thief for the impatient. And a gift for the patient.  Do I need to think about selling options?  It makes sense to sell puts, internals clearly strong, but the market is not in clear position to make that a good trade yet. Wait until its clean and clear. I would rather not sweat, than risk more money in uncertainty.  BEFORE THE BELL -Premarket Checklist. -Is the market Trending, Chop, or turning? -Is Sentiment making any significant trend breaks? -What are best/worst performing sectors?     -Are any breaking out or down? -Do I need to make adjustments to my investments? -Does yesterdays action look likely to continue today? -Have we gone in a straight line to S or R?      -Do I need to be cautious of an overextended market and look for reversal instead of continuation? WATCHLIST PREP -SPY/QQQ FANGMANT+ always in play.  -Monthly/Weekly watch always in play for VA breaks.  -Proper boxes and Anch vwap charted.  -Scan through ...
Read more

MTX

Image
 MINERALS TECHNOLOGIES INC. Minerals Technologies, Inc. is a resource and technology-based company. It develops, produces, and markets a range of mineral, mineral-based, and synthetic mineral products. It operates through the Consumer and Specialties and Engineered Solutions segments. The Consumer and Specialties segment serves consumer end markets directly and provides mineral-based solutions and technologies that are essential to customers' products. The Engineered Solutions segment combines all engineered systems, mineral blends, and technologies that are designed to aid in customer processes and projects. The company was founded on February 19, 1968 and is headquartered in New York, NY. Strong name, another specialty chemicals industry trade along the lines of LYB HWKN KWR. Strong tight setup, HTF charts love it with curl up MAs and taps. Obviously not as tight as I would like on W or M, but trying something with this one. Trend momentum continuation.  Clearly in a signifi...
Read more

11/30 DRC

 Last day of the month. Not much trading exactly to talk about. Big issue last week was speed. I was slow in almost all cases. Trying not to look too much into it. Took a few weeks off, its expected to take a bit to get back into the swing of things. Risk was main focus as a goal going forward. Correct size, consistent risk throughout every trade and setup for consistent results. That I did good with. Main things to focus on 1. Following entry criteria, making sure I trade what I am supposed to 2. Using correct size to reflect risk already determined by setup 3. Must be faster with ^^^ 4. Cut losses fast on adds. In and out, dont wait. 5. Follow management rules, up 1R/2R etc. 6. Take profits in 3rds.  7. Enter trade with small size if it is leaving without me. Big adds come in only if core is at price and action I want to see.  Market looks hot. Nothing but breakouts around. Gapping down a little, recovering already though into the open. SPY at and holding above prev lo,...
Read more