Trade Setup
ENGlobal Corporation provides engineering and automation services primarily to the energy sector in the United States and internationally. It operates through two segments, EPCM and Automation. The EPCM segment provides multi-disciplined engineering services relating to the development, management, and execution of projects requiring professional engineering and related project management services. It offers feasibility studies, engineering, design, procurement, construction management, project definition, cost estimating, environmental compliance, project management, and fabrication services.
Stocks found in the category TradersPro New Uptrend are low priced stocks priced between .20 and $7, with at least 50k shares of average shares trading per day. The stocks are starting new uptrends and have buy signals. These are high reward to risk stocks with the potential for very sharp moves. A stop should be maintained at the low of the most recent hold signal day. Target prices for exits can be determined by using the next level of resistance higher or by using Fibonacci resistance levels found using TradersPro. Trailing stops or letting the stock run until the next sell signal is also a sell strategy.
