On today’s Breakouts report, there are 20 stocks on the positive breakouts list (stocks with positive price momentum), and 33 stocks are on the negative breakouts list (stocks with negative price momentum).
Discussed today is a stock that is nearing a record high and may soon resurface on the positive breakouts list – Element Fleet Management Corp. (EFN-T). As of the close on Monday, the share price was a penny away from closing at a new record high.
A brief outline on Element is provided below that may serve as a springboard for further fundamental research when conducting your own due diligence.
The company
Toronto-based Element Fleet Management is a leading fleet management company with operations in North America, Mexico, Australia and New Zealand.
The company has a diversified client base serving blue-chip customers across different industries and geographies including Amazon.
Investment thesis highlights
- Industry leadership.…
