Chart-in-Focus: An Onset Of A Major Bullish Trend Looks Underway

This leading energy technology company provides solutions for energy and industrial customers worldwide. It has seen a strong bullish technical formation on higher time frame charts. Backed by solid technicals and strong fundamentals, this stock is on the verge of initiating a major uptrend that may last for months.

Analysts project this stock to report a profit of $0.56 per share for the current quarter, representing a 33.3% increase from $0.42 per share in the same quarter last year. The company has consistently outperformed Wall Street’s EPS estimates in its last four quarterly reports. In the most recent quarter, the company reported adjusted earnings of $0.57 per share, surpassing the consensus estimate by 16.3%. This performance was driven by significant contracts in its OFSE segment and its leadership in gas technology within the IET segment.