IvanLabrie

CALM: Trading at a major discount

Lång
IvanLabrie Uppdaterad   
NASDAQ:CALM   Cal-Maine Foods, Inc.
This stock is coming up from a strong base, acting as a bastion of strength in this market.
Dividend investors would be glad to add this to their portfolios here I'm sure, and I wouldn't mind either.
There's a nice techical entry if we're offered with prices inside the green zone in my chart.

There is an abundance of technicals suggesting this is a good buy, so I wouldn't hesitate on reccomending it to anyone.
We have the yearly moving average below price, as well as a great valuation right here, as derived from the PSR readings, which give clues about 'fundamental support' levels in this chart.
I'd reccomend allocating 6-7% of capital in it, based on the volatility, which with a 3.85% yield, and trading at 1 time sales (PSR) -despite the high P/E ratio- makes it an attractive long term entry.

Cheers,

Ivan Labrie.
Handel aktiv:
Buying against support here looked good.
Kommentera:
Good progress here. Might want to trail stops to entry.
Kommentera:
Acting nicely.
Kommentera:
Great rally. We can trim position and add on setbacks.
Kommentera:
Trimming was wise, down a point.
Looking to buy dips.
Kommentera:

If we get oversold readings we can buy more...and reduce when it gets overbought again.
Kommentera:

Easy money so far.
Kommentera:
The pattern here is very interesting, clear accumulation. Buying dips is advised.
Kommentera:
Very resilient stock. Trading around positions is reccomended. Sell rallies, buy dips.
Kommentera:
This stock is absolutely resilient, selling rallies and buying dips is resulting excellent.
Kommentera:
Buy dips, sell overbought rallies, this is being accumulated, big time.
Kommentera:
Keeping all stops at 35 is a good long term strategy, then trail it up.
Kommentera:
Excellent build up, now ready for a rally.
Kommentera:

CALM fired a 15 day uptrend, we can book partial profits at the target on chart, then rebuy more when oversold.
Trade stängt manuellt:
Let's book profits.
Last 53.36

🔒Want to dive deeper? Check out my paid services below🔒

ivanlabrie.substack.com/
Frånsägelse av ansvar

Informationen och publikationerna är inte avsedda att vara, och utgör inte heller finansiella, investerings-, handels- eller andra typer av råd eller rekommendationer som tillhandahålls eller stöds av TradingView. Läs mer i Användarvillkoren.