IvanLabrie
Long

CX: Interesting monthly and quarterly signals

NYSE:CX   CEMEX S.A.B. DE C.V. SPON ADR REP 10 CPO
$CX is an interesting company here. I have liked the negativity surrounding Mexico, and emerging markets since Trump got elected, now we have a solid breakout on strong volume , and a potential monthly and even quarterly uptrend taking off from here.
$CX has had strong growth in the past quarter and year, I think it can be a solid performer going forward. Management efficiency has been high, when compared to the average of the past 5 years.
Fundamentals are solid, with a decent 5.9% earnings yield, 15% free cash flow yield, this company might be a great value play going forward.

Cheers,

Ivan Labrie.
Trade active:

It's on...
Comment:

Very strong action, I expect immediate follow through, this is a gigantic breakout...hope someone took it with me at the open today.
Comment:
Comment:

$C managed to make $CX drop a bit, but it's only a temporary drop...I will be adding to longs gradually.
Comment: https://finance.yahoo.com/news/mexicos-c...

Adding pay off, maybe $C were in the know about this debt refinancing deal...hehe.
Comment: paid off*
I am with you on this :-) nice call so far
Reply
Hi Ivan, just curious what your exit strategy is for this, thanks!
+1 Reply
@BRANDOOM, I'd try to follow the daily trend, whilst holding positions to capture the long term advance targets. Adding on oversold dips, buying new daily uptrend signals etc.
+1 Reply
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