Pitney Bowes Stock Rising Money Flow Setup
The Twiggs Money Flow is rising on Pitney Bowes stock making for a beautiful long entry setup. Back on May 2, 2017, the stock exploded higher after the company reported an earnings and revenue beat.
Pitney Bowes reported Q1 EPS of $0.36 versus the $0.34 estimate. Revenue also beat coming in at $836.6 million versus the $817.07 million estimate.
Marc B. Lautenbach, President and CEO, Pitney Bowes said, “We turned in a solid first quarter performance, driven by double-digit growth in Global Ecommerce, growth in both Production Mail and Presort Services businesses, and slight growth in our Software Solutions business. In addition, North America Mailing’s revenue rate of decline improved compared to prior quarters, driven by growth in equipment sales, and International Mailing performed similarly year-to-year compared to the prior quarter. In many ways, our results in the first quarter are what we envisioned and expected from the long-term growth initiatives and strategic investments we have been putting in place over the past four years. We are off to a good start and remain committed to meeting our financial objectives for the year.”
Pitney Bowes Stock Chart
The Twiggs Money Flow has been rising into the upward move.
The money flow is rising because traders are accumulating Pitney Bowes stock on pullbacks.
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