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
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It's on...
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Very strong action, I expect immediate follow through, this is a gigantic breakout...hope someone took it with me at the open today.
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C managed to make CX drop a bit, but it's only a temporary drop...I will be adding to longs gradually.
Hi Ivan, just curious what your exit strategy is for this, thanks!
IvanLabrie
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@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.