kennzo

CCS (Century Communities Inc.) - Bull start, will it continue?

Long
kennzo Pro Updated   
NYSE:CCS   Century Communities, Inc
Century Communities Inc.

Century Communities , Inc. is a home building and construction company. Its activities comprise land acquisition, development, and entitlements; and the acquisition, development, construction, marketing, and sale of various single-family detached and attached residential home projects. The Company operates in major metropolitan markets in Colorado, Texas and Nevada. Century Communities , Inc. is based in Greenwood Village, Colorado.

Analysis/Commentary
Strong EPS and Sales Growth Y-on-Y with excellent Momentum

Based on the study of the previous quarterly earnings reports and subsequent price moves:
- Current quarter started well, and jumped immediately above MED point, missing opportunity to enter the trade
- If we can see a price pullback below the MED point we have an entry based on Slo Stochastic indicator
- There is then an expectation for the price to move to the MID or HIGH point prior to the quarter-end
- Trailing stop-loss on price above MID point

GOOD LUCK.
DO YOUR OWN RESEARCH!
Comment:
TRADE UPDATE: Marginal successful
We may still see further gain after earnings announcement
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.