re: Kemet Corporation (KEM)

Given the recent rise (4.5% today) and 18% in the last 8 trading days, I saw this and wanted to pass it along.

NASDAQ

quote:

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In trading on Monday, shares of KEMET Corp. (Symbol: KEM) crossed above their 200 day moving average of $18.88, changing hands as high as $19.07 per share. KEMET Corp. shares are currently trading up about 3.3% on the day. The chart below shows the one year performance of KEM shares, versus its 200 day moving average:

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For those still holding, we are still looking to break through the 20.80 resistance. The DMI and RSI are showing strong positive momentum. The Williams %R, however, is showing it is currently overbought. This is still a long term play--6 months out--as we wait to see if they address capacity issues.

Over 21 now.

Closed today at $21.18. That got us over an important technical barrier. Now, we need to see if it holds. The next important technical barrier is the $24 gap down.

On the options front, June and September calls seem to indicate people expecting a $21-$24 price.

Earnings tomorrow morning. Hopefully, we get a beat and Per Loof doesn't scare off anyone with capacity issues again. Of course, we could have already seen the run up and a "sell the news/earnings" type of deal. Put in your stop losses if you want.

I'm up 27% but looking until Q3 earnings as that's when all capacity issues should be fully addressed.

4 cent beat. Revenue beat by $11 million. 2018 fiscal year end net sales were up 58%. GAAP net income up $4.34 per diluted share compared to $0.87 per diluted share from the prior year.

Hoping we don't get a scare today from Loof.

Looks like a pre-market sell the news. Down about $0.20 on 21.5k in volume.

Man, down 12% on 500k volume. Did they say something on the conference call?

I took my profits.

Would love for it to go sub 19 and going to buy back in

This was my concern. Institutions probably took profits early. This likely triggered stop losses. Heavy volume day. Over 2 million shares traded so far. I didn't take any profits, but have conviction we'll reach $24 in the next few months.

From what I've gleaned from the CC, the outlook is positive. Until I get to read it, I'm staying with the above conclusion. KEM will rebound soon.

I got out at $21.32 and just got back in this morning. Thanks

been watching this stock since the thread startes and want to buy in now. seems like it lost its hot stock name since it popped a little and that's about all that's wrong here. earnings and everything looked ok to me.

Hope you baws got back in or got in for the first time when this stock tanked after earnings. It's up 27% since then and has had a lot of positives moving forward. We've busted through the $20.80 resistance and are now looking for the $24 resistance.