The upward trend could come to support Plexus in the coming sessions.

The financial situation underlines the solidity of the business. In fact, the upward revisions on EPS during the past 12 months show the good environment around the company. The margins improvement for the next years should allow a sustainable growth on earnings.

Following a bullish wave, the stock now shows a slight decline that has lead prices towards the USD 38.3 medium-term support. On this level, remobilization of buyer flows would allow the stock to come back on the USD 41.6 resistance.

The USD 38.35 support could be a basis for a purchase to target USD 41.6. A stop loss will be fixed below the entry point to limit the risk.