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Thursday, 06/20/2019 10:37:06 PM

Thursday, June 20, 2019 10:37:06 PM

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Keysight Technologies Shapes New Bullish Base.

IBD 50 Stocks To Watch: Keysight Technologies Shapes New Bullish Base
12:28 PM ET
Keysight Technologies (KEYS) is today's IBD 50 Stocks To Watch stock, as it shapes a new bullish formation. Amid the current stock market rally, can the top growth stock repeat its previous success? A prior breakout above a 70.50 buy point on Jan. 25 resulted in a 33% advance before the recent consolidation.

California-based Keysight Technologies makes electronics test and measurement equipment and software. The company is a leader in the 5G wireless communications space. On May 30, Goldman Sachs reiterated its buy rating on the stock despite trade tensions between the U.S. and China. Goldman commented, "secular trends including the proliferation of 5G and electric vehicles ... point to a positive multiyear outlook."

In the most recent quarter, earnings and sales grew 47% and 10%, respectively. For the full fiscal year ending in October, analysts expect the company's earnings to grow 31% to $4.23 per share.

https://www.investors.com/research/ibd-50-stocks-to-watch-keysight-technologies/?src=A00220&yptr=yahoo

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