Another company with which I had (indirect) dealings in the old days. I became aware of FLIR (Homepage) when my company made optical components (for a optical subcontractor) for night vision goggles that FLIR supplied to the military back in the early 1990’s. FLIR is an infrared and thermal imaging systems supplier to a diversified end user base, by industry and by global region. As always when spotlighting an individual company, your personal due diligence is recommended.
The stock got knocked down on heavy volume due to an earnings miss (with “currency fluctuations” playing a role) but exceeded on revenues. Generally, I would see FLIR as a US industrial ‘weak dollar’ play. I added it yesterday on the plunge toward 30 but see no reason it cannot settle down to the SMA 200 in the mid-29’s by the daily chart.
However, the weekly offers a case that the bottom could already be in as it drops to a thick support zone and a moving average that has often acted as support or resistance.
Buy Target: 29 to 31.
Sell Target: A new high above 36 or hold indefinitely if your research points that way.
Stop Loss: Below 30 if buying for the uptrend channel per the weekly chart or below 28.50 if holding out for a buy around the SMA 200.
A reminder that chart based NFTRH+ updates are technical trade setup ideas, which may not be revisited as the buy, sell, stop parameters are already noted. They are meant as a starting point for further research if interested. I will not personally buy every item highlighted and will sometimes sell – without prior notice (because this takes time and resource away from NFTRH’s main functions) – any item that I do buy, below target, which is something I often do as a trader. Also please be aware that I am not a fundamental stock analyst. Due diligence is your responsibility.
