Newest Alert Continues To Rally Higher

AwesomeStocks Hello! We wanted to send a brief update of our new alert CETX. So far, CETX is off to a nice start, rallying above yesterday’s close. Following our alert this morning, CETX opened at 10.49, so far the day’s high and a gap up from yesterday’s close. In the event that CETX closes above today’s open, this could be just the beginning of the renewed breakout. In the past, we have seen companies with a similar chart setup experience increased growth. Could that happen again? As a reminder, CETX recently rallied 359% in less than 2 months. CETX has continued trending above its 20 and 50 day moving averages suggesting the opportunity for increased growth. CETX has a 20 day moving average of 9.33 and a 50 day moving average of 8.74. Plus, CETX has a recent high from February of 14.46, upside of more than 47% from current levels. In addition, CETX has a RSI of 46, suggesting the potential for increased gains. In the company’s “Fourth Quarter and Full Fiscal Year 2022 Financial Results” they stated: - “Fiscal Full Year 2022 Revenue Increased 17% to a $50.3M” Here are some of the company’s comments from this press release: “Cemtrex Chairman and CEO, Saagar Govil, commented on the results: “2022 was a transformative year for Cemtrex, marked by our decision to undertake a significant restructuring in which we divested the Smartdesk and VR subsidiaries to focus exclusively on our Vicon Industries and Advanced Industrial Services (AIS) businesses. We continue to see escalating demand for these businesses and believe this shift in focus to capture significant near-term opportunities will help us to reach positive operating income by 2024 and maximize shareholder value over the next several years.” Plus: “Year over year improving revenues in our Advanced Technologies segment were led by Vicon, with strong demand from major customers for its award winning, Roughneck cameras and Valerus video management software solutions. Vicon has become a global leader in advanced security and surveillance technology to safeguard businesses, schools, municipalities, hospitals, and cities across the world. We continue to believe Vicon is on a strong path towards $5-10 million of recurring revenue in the next three to five years as the industry shifts to SaaS solutions leveraging AI and cloud technology solutions. Furthermore, Vicon is on track to launch a proprietary AI based analytics solution early next year as well as major improvements to its core software platform Valerus, which we expect to further drive sales.” In addition: ““To continue executing on Vicon’s business plan, we recently appointed Shane Compton as Chief Operating Officer at Vicon Industries. Shane is an accomplished leader in the physical security industry, bringing over 20 years of experience as Chief Operations Officer, Chief Technology Officer, and Chief Product Officer at industry-leading companies like Costar Technologies and Pelco. He is now leading the company’s global sales, support, operations, and engineering teams to create operational efficiencies and deepen Vicon’s commitment to world-class support and customer experience.” We are continuing to monitor this opportunity. Sources: [Presentation]( [VMR]( [PR1]( [PR2]( [PR3]( [PR4]( [PR5]( [PR6]( [Website1]( [Website2]( [Website3]( [Chart]( Happy Trading! 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