LSI Industries $LYTS Confirms Horizontal Resistance Breakout on Analyst Buy

  • Post category:Technology
  • Reading time:2 mins read
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LSI Industries $LYTS stock confirmed a horizontal resistance breakout on January 9, 2023. The stock is in a technical strong uptrend.

LSI Industries stock chart on January 9 2023 confirming a horizontal resistance breakout pattern
LSI Industries stock chart on January 9 2023 confirming a horizontal resistance breakout pattern

LSI Industries initiated with a Buy at Craig-Hallum

Aaron Spychalla of Craig-Hallum began covering LSI Industries on January 9, 2023, with a Buy rating and a $18 price target. According to the analyst, LSI Industries is benefiting from its decision to pivot from being a broad-commodity supplier to concentrating on key vertical markets with a differentiated lighting and display solutions offering, noticeably improved operations and engagement with a blue-chip customer list, and advantages from increased adoption of LED lighting and a focus on customer experience. The combination of company-specific and secular growth drivers, according to Aaron Spychalla, presents a compelling investment opportunity.

LSI is Quality

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