Flex Ltd $FLEX stock accelerated out of its uptrend channel on December 13, 2022. This pattern is extremely rare, especially in the current trading environment. The stock is in a technical strong uptrend and is currently ranked in the top 1% of the strongest stocks on Wall Street right now.
Looking at the 2-year weekly chart where each candlestick is one week, the acceleration out of the uptrend channel into a steeper uptrend can be seen more clearly. This is a very bullish and rare chart pattern!
Dark Pool Trades In FLEX Stock
There have been a flurry of dark pool trades in $FLEX stock over the last month. Here is a table of all the recent dark pool trades from BlackBox dark pool trades tool.
Here is a visual representation of these trades on the daily chart of FLEX stock.
Flex offers original equipment manufacturers in Asia, the Americas, and Europe design, engineering, manufacturing, and supply chain services and solutions. Three segments make up its structure: Nextracker, Flex Agility Solutions (FAS), and Flex Reliability Solutions (FRS). The business offers cross-industry technologies such as smart audio, power, sensor fusion, and internet of things platforms. Additionally, it provides software and integrated solar tracker options for utility-scale and ground-mounted distributed generation solar projects. The business also offers value-added design and engineering services, systems assembly and manufacturing services with enclosures, testing services, as well as services for the acquisition of materials and inventory management. Furthermore, it provides power solutions like switchgear, busway, power distribution, modular power systems, monitoring solutions, and services, as well as adapters for notebooks and gaming consoles, smartphones, and tablets. It also provides power supplies for the server, storage, and networking markets. The company also offers reverse logistics and repair solutions, including returns management, exchange programs, complex repair, asset recovery, recycling, and e-waste management, to the computing, consumer digital, infrastructure, industrial, mobile, automotive, and medical industries.
Flex price target raised at Goldman Sachs
As part of a larger research note on US Autos and Industrial Tech, Goldman Sachs analyst Mark Delaney raised the price target for Flex from $22 to $24 and kept a Buy rating on the stock on December 13, 2022. According to a research note by Mark Delaney, the company is among the well-positioned names as those in the electronics components and systems are among the auto and industrial tech enablers.
