Price Action to Note: Is Buying All-time Stock Like Envirostar Inc a Winning Strategy?

Price Action to Note: Is Buying All time Stock Like Envirostar Inc a Winning Strategy?

The stock of Envirostar Inc (NYSEMKT:EVI) reached all time high today, Sep, 30 and still has $20.88 target or 161.00% above today’s $8.00 share price. This indicates more upside for the $60.32M company. This technical setup was reported by If the $20.88 PT is reached, the company will be worth $97.12M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 27,262 shares traded hands. Envirostar Inc (NYSEMKT:EVI) has risen 123.62% since February 26, 2016 and is uptrending. It has outperformed by 113.19% the S&P500.

According to Zacks Investment Research, “EnviroStar, Inc., through its main subsidiary Steiner-Atlantic Corp., distributes industrial boilers, commercial laundry and dry cleaning equipment, parts and technical service in the United States, the Caribbean and Latin America. Their products include their proprietary lines of machines under the Aero-Tech, Multi-Jet and Green Jet brand names as well as brands such as MILNOR, CHICAGO, ADC, CLEAVER-BROOKS, FULTON, IPSO, CISSELL, UNION, REMA, INGERSOLL-RAND, UNIPRESS, FORENTA, and WHITE. The Company seeks to establish customer satisfaction by offering: design and layout assistance with their in-house architectural design services; competitive pricing; comprehensive equipment, parts and accessories; full-service delivery, rigging, startup, training and preventive maintenance programs; full-service staff with toll-free support line to resolve customer service and technical issues. The Company emphasizes on sales of environmentally safe and efficient equipment into various commercial and industrial markets.”

More notable recent Envirostar Inc (NYSEMKT:EVI) news were published by: which released: “EnviroStar, Inc. Announces Year End Results” on September 19, 2016, also with their article: “EnviroStar, Inc. Announces a Change in Control” published on March 09, 2015, published: “EnviroStar, Inc. Appoints a New Director” on May 18, 2015. More interesting news about Envirostar Inc (NYSEMKT:EVI) were released by: and their article: “EVI Triples Its Size With WSD Acquisition; Post Deal Analysis” published on September 16, 2016 as well as‘s news article titled: “EnviroStar Is Still A Great Long-Term Investment” with publication date: September 23, 2015.

EVI Company Profile

EnviroStar, Inc., incorporated on June 13, 1963, through its subsidiary, Steiner-Atlantic Corp., distributes commercial and industrial laundry and dry cleaning equipment, and steam and hot water boilers manufactured by others; supplies replacement parts and accessories and provides maintenance services to its customers, and creates and plans laundry, dry cleaning and boiler systems for its institutional, retail, industrial and commercial customers. The Company, through its subsidiary, DRYCLEAN USA License Corp. owns rights to the name DRYCLEAN USA, which it franchises and licenses to retail drycleaners in the United States, the Caribbean and Latin America. The Company’s divisions include Commercial and industrial laundry and dry cleaning equipment and boilers, and license and franchise operations. Steiner-Atlantic Corp. sells its products in the United States, the Caribbean and Latin American markets.

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