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Our mission: Bringing practical business and technical intelligence to today's structured cabling professionals

For more than 30 years, Cabling Installation & Maintenance has provided useful, practical information to professionals responsible for the specification, design, installation and management of structured cabling systems serving enterprise, data center and other environments. These professionals are challenged to stay informed of constantly evolving standards, system-design and installation approaches, product and system capabilities, technologies, as well as applications that rely on high-performance structured cabling systems. Our editors synthesize these complex issues into multiple information products. This portfolio of information products provides concrete detail that improves the efficiency of day-to-day operations, and equips cabling professionals with the perspective that enables strategic planning for networks’ optimum long-term performance.

Throughout our annual magazine, weekly email newsletters and 24/7/365 website, Cabling Installation & Maintenance digs into the essential topics our audience focuses on.

  • Design, Installation and Testing: We explain the bottom-up design of cabling systems, from case histories of actual projects to solutions for specific problems or aspects of the design process. We also look at specific installations using a case-history approach to highlight challenging problems, solutions and unique features. Additionally, we examine evolving test-and-measurement technologies and techniques designed to address the standards-governed and practical-use performance requirements of cabling systems.
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Adient is Setting for a Big Move, Here’s Why

A support level and a down trending resistance line have formed in the chart of Adient plc (ADNT). This has created a trading pattern known as a descending triangle. The stock is expected to break through either level. Read more to learn how to profit from this trade.

Adient plc (ADNT) began trading Oct. 31, 2016, when Johnson Controls (JCI) spun off its automotive experience segment into this new company. The company is the leading seating supplier to the industry with about one third of the global market.

It benefits from a diverse customer base and a strong international presence. ADNT has been seeing strong revenue, driven by recovering industry volume and a healthy backlog. It has also seen new business wins from auto companies such as Honda (HMC), Toyota (TM), and Nissan (NSANY), which should help drive revenue growth.

ADNT has a current ratio of 1.1 which indicates it has more than enough liquidity to handle short-term obligations. The company has also shown strong growth as earnings have grown an average of 107.9% per year over the past three years. Analysts forecast earnings to rise 5,625% this year, leading to a Growth Grade of B in our POWR Ratings system.

The stock also looks undervalued with a forward P/E of 7.92. ADNT had been trending down from early June to mid-July, but performance has been mixed since, as shown in the chart below.

Take a look at the 1-year chart of ADNT below with my added notations:

Chart of ADNT provided by TradingView

ADNT has formed key support at around $35 (green) over the past several weeks. In addition, the stock is also declining against a potential down trending resistance line (red). These two lines have ADNT trading within a common pattern known as a descending triangle.

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Eventually, the stock will break out of this triangle pattern. A short trade could be made on a break of support. A long trade could be made on a break through the triangle resistance.

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ADNT shares were trading at $41.61 per share on Monday morning, up $0.89 (+2.19%). Year-to-date, ADNT has gained 19.67%, versus a 19.54% rise in the benchmark S&P 500 index during the same period.



About the Author: Christian Tharp

I am an expert stock market coach having helped over 4000 beginner and advanced traders & investors from around the world take control of their financial futures. I also write stock market related articles for the Adam Mesh Trading Group and Yolo Publishing.

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