Electrical Services Stock Nears Buy Point; Astera Labs Flashes Sell Signal | ||||||
BASES AND BREAKOUTSMYR GROUP (MYRG) Buy Point: 211.74 | Buy Zone: 211.74 - 222.33 Current Action: Shares are nearing the 211.74 buy point of a second-stage cup-with-handle base, according to IBD MarketSurge. The company's earnings growth resumed over the latest two quarters after several declining periods, with third-quarter profit expected to jump 195%. Analysts forecast full-year 2025 earnings growth of 275% followed by a 19% increase in 2026. The company is expected to report its third-quarter results in late October. The stock has a solid 94 IBD Composite Rating. The firm provides large-scale electrical construction services used in emergency restoration, clean energy and other industries in the U.S. and Canada. BREAKDOWNSASTERA LABS (ALAB) Current Action: Astera Labs plunged around 17% in heavy volume Tuesday, on pace for three straight days of losses. Shares began their sell-off Friday after new tariff threats shook the stock market. On Tuesday, the stock knifed below its 50-day moving average, triggering a sell signal. Shares have lost around 37% from their all-time high reached on Sept. 18. The stock's relative strength line has dived over the last few sessions. Astera Labs makes connectivity solutions for artificial intelligence and cloud infrastructure. |
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