Lagercrantz Group AB

• 2019-12-12
• Traiding Idea

Lagercrantz Group activities are organized into three divisions. The Electronics division offers industrial wireless communication products and embedded electronic systems. The Mechatronics division sells electric and electro-mechanical products and offers electric connection systems and customized production of cable harnesses, as well as develops support brackets and masts. The Communications division offers products, systems and services in digital image transmission, technical security and access, and software distribution, as well as comprises Precimeter Control AB, a developer of laser and induction technology solutions, and Excidor AB, a provider of control systems for mobile operator environments. The Niche products division produces and sells products in market niches through Svenska Industriborstar i Vasteras AB, Dooman Teknik AB and Profsafe AB.

Financial Data:

For the six months ended 30 September 2019, Lagercrantz Group AB revenues increased 7% to SEK1.97B. Net income increased 7% to SEK160M. Revenues reflect Electronics segment increase of 13% to SEK525M, Niche Products segment increase of 11% to SEK449M. Net income also reflects Other operating income and operating exp increase of 9% to SEK12M (income).

Technical Analysis: 

First of all we have an upward trend for Lagercrantz Group chart. the price is at the momemt in Sniper position,  so price is above exponential moving avererage 20 , 50, 100, 200, in all time frames daily, H4, H1, M30, M15 .The second Reason the price is from  july 2019 in a Triangle Pattern and Compressed  for an impulse movement. The price has been breaked the Top of the triangle and pulled backed, now we are in a  special position could be considered to purchase.

 Trading tips:

To open long positions, may be open the position right now at 132.6
TP1:  143 @ R1 Monthly 
TP2:  149 @ R2 Monthly