CBT Made New All Time High on Friday
Clean Text Book base Breakout
14 Week Long Base
Volume above 50 Day Average Volume
Institutional Ownership: 97%
Institutional Transaction Last 3 Months: 6%
Measured Target: 88
Chemical and materials science companies like Cabot are going to be key players over the next decade in providing core resources to manufacturing, infrastructure, food supply chain, and energy independence for the US and other western countries.
Additionally, Cabot looks ripe for a technical breakout at current levels - MACD bull crossover, RSI bull crossover,...
Notes:
Awaiting an earnings Surprise.
About CBT:
"Cabot Corp. is a global specialty chemicals and performance materials company. Its products are rubber and specialty grade carbon blacks, specialty compounds, fumed metal oxides, activated carbons, inkjet colorants, and aerogel. The company operates through the following segments: Reinforcement Materials,...
Cabot is the leader in carbon black and graphene products development with a significant presence in China where Cabot's characteristics might make it an attractive takeover target. ATHLOS™ carbon nanostructures (CNS) are a unique network of crosslinked carbon nanotubes produced using a proprietary roll-to-roll chemical vapor deposition (CVD) process. ATHLOS 100,...
The PEAD projected a neutral outlook for $CBT after a positive under reaction following its earnings release placing the stock in Drift A
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Entry level $50 = Target price $56
The fundamentals may not be particularly strong but the technical set up is.
The golden cross is a much sought after buy indicator, added to that the stock is breaking out of a 1 year congestion phase, technically the next step higher such replicate that range.
Company earnings
Cabot Corporation CBT reported profits of $33...
NYSE:CBT
What would I do when the price comes close on these two clear levels?
I will be on the side where the statistic gives favorable results.
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Trading is not particularly difficult or unusual.
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Cabot Corp is forming a double bottom pattern. Coincidentally, this is occurring at a 38.2% retracement from the highs to the lows of 2012.
A breakout of resistance at 48.28 is when you buy.
Here's a stock trade idea. We have a perfect range here and we are looking for a bounce off the support level. It will still take a few days to a week to play out so let's wait it out and see.
This graphene maker has the potential for a 15% upside to the nearest resistance point as a minimum after touching it's long-term uptrend support last touched in 2015. Currently it has a 3.3% dividend yield and could surpass first resistance in the long-term.
CBT is forming a huge rising wedge. Moneyflow is also running within a triangle formation. We would consider a short position if it breaks below & keeping it in watch list for now.
You can check detailed analysis on CBT in the trading room/ Executive summary link here-
www.youtube.com
Time Span- 12:40"
Trade Status: Pending
CBT is in weak speciality Chemical sector, and now running in a big upward channel. It has huge down side potential if the channel breaks down. We think it can decline to 36 area.
You can check our detailed analysis on CBT in the trading room/ Executive summary link here-
www.youtube.com
Time Span: 7:50"
Trade Status: Pending
