HEICO Corporation (HEI)

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Stock Price History

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Our View

Heico Corp is an aerospace and electronics company that supplies products to niche markets such as spacecraft, defense equipment, aircraft, medical equipment, and telecommunications systems. Heico has over 11,000 FAA-approved (Federal Aviation Administration) parts and can facilitate more than 6000 DER-approved repairs . (Designated Engineering Representative) The mission-critical nature of these products involved means that expertise and reputation, which Heico has built over the years, serves as a deep specialist area. Heico is, therefore, poised to grow over the longer term.

A snap shot of the 20 year monthly chart of Heico Corp shows the uptrend that the company’s stock has been in for the last 5 years. The stock hit an all-time-high of 147.93 in August 2019. Since then, the stock fell by almost 50%.

In April 2020, the stock broke the bottom of the long-term trend as well as a historic support level. Since then, it has retraced more than 23% and looks poised to go up further. The next likely target would be the previous peak at 147 and then the top of the long-term trend at 155. Stop loss can be placed below the historic support level somewhere close to 70.

Positions have been taken at $88.51 With stop loss at $66 25  43% below.. Short term investors take profit point at $147$ Giving a profit of 66%.