Long Position on APT @ $16.50 on 6/19/2020 (Momentum)

Alpha Pro Tech, Ltd. (APT), together with its subsidiaries, engages in developing, manufacturing, and marketing a line of disposable protective apparel and infection control, and building supply products in the United States and internationally.

Bullish Cup and Handle on $ APTThe company operates through two segments, Building Supply and Disposable Protective Apparel.

The Building Supply segment offers construction weatherization products, such as house wrap, synthetic roof underlayment, and other woven materials.

The Disposable Protective Apparel segment provides shoecovers, bouffant caps, gowns, coveralls, lab coats, hoods, and frocks, as well as face masks and face shields.

The company provides its products under the Alpha Pro Tech brand name, as well as under private labels. Its products are used primarily in cleanrooms; industrial safety manufacturing environments; health care facilities, such as hospitals, laboratories, and dental offices; pharmaceutical markets; and building and re-roofing sites.

The company distributes its products through a network of purchasing groups, distributors, and independent sales representatives, as well as through its sales and marketing force.

As consumers prepare for a second wave of COVID-19, the company's sales should continue to rise.

Entry point: $16.50

52-week trade range: $3.20 - $41.59

Stop/Loss: $15.65

Target Price: $18.15

 

 

 

Updates

6/24/2020 10:52:33 AM

Taking Profits on APT at $19.10.

Position closed on 6/24/2020 at price of $19.10 with a 15.76% gain in 5 days.

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