Steady Trader Daily Hot Tech-Stock: Jabil Circuit waves a bull flag

Jabil Circuit - JBL

Shares of lectronics manufacturing company Jabil Circuit (JBL) have showed great relative and absolute strength so far this year. After pushing through its 200 day moving average in June the stock eventually settled into a multi-week consolidation phase, which now looks like a bull flag pattern. On Monday the stock attempted a marginal break out of this formation and thus is worth watching closely. An ultimate breakout could move this stock toward the $22 area rather quickly.

Posted to Hot Tech Stocks to Watch on Jul 22, 2014 — 8:07 AM
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