FullTimeTrader
Long

CALM-big double bottom divergence+triangle breakout

BATS:CALM   CAL MAINE FOODS INC
159 3 1
We have a big double bottom divergence on W1 chart:
snapshot

On D1 there is a triangle wich was broken three days ago (still not late for an entry)

Fundamental review:
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Cal-Maine Foods, Inc. produces, grades, packages, markets, and distributes shell eggs. The company has a P/E ratio of 12.64.

Ratings rates Cal-Maine Foods as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. We feel these strengths outweigh the fact that the company shows low profit margins
Will Wong
2 years ago
Also the recent US government removal of cholesterol from the danger list could cause a spike in egg consumption.
Reply
FullTimeTrader
2 years ago
Very interesting, thanks for the info
Reply
KevinBoerboom
2 years ago
The fundamentals are very strong and improving. Q3 earnings will be reported at the end of March or early in April. The number will be better than current estimates. Analysts are at $1.17 they will come in over $1.40. Iowa State research shows the best positive margins for egg producers over the last 3 months since they started calculating the margin in 2000.
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