Looking like a clear shortHitting resistance will be looking to open puts tomorrowShortby incomeswitch2
Centerpoint preparing for a long bearish period?If it won't recover the EMA's break by the end of the month, closing below it, it is possible the beginning of a bearish period, or at least of a congestion one before to start again the growth, due the positive outlook on future investments. Indicators have indicated a divergence in the long period. I would wait until the end of the month to take a position.Shortby ale2062
CNP: Correction expectedAlthough I believe we still have some room in the upper side, shorting opportunities are to be sought to catch the corrective move.Shortby Csys2
CNP-Triple bottom - good technical and fundamental investmentBased on technical and fundamental reasons this setup may begin a strong rally. Weekly chart analisis: Fundamental information from a public source: **************************************************************** TheStreet Ratings rates CenterPoint Energy as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels, good cash flow from operations, notable return on equity and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. Highlights from the ratings report include: The revenue growth came in higher than the industry average of 1.5%. Since the same quarter one year prior, revenues rose by 10.2%. This growth in revenue does not appear to have trickled down to the company's bottom line, displayed by a decline in earnings per share. Net operating cash flow has increased to $412.00 million or 20.46% when compared to the same quarter last year. The firm also exceeded the industry average cash flow growth rate of -3.77%. The return on equity has improved slightly when compared to the same quarter one year prior. This can be construed as a modest strength in the organization. Compared to other companies in the Multi-Utilities industry and the overall market on the basis of return on equity, CENTERPOINT ENERGY INC has outperformed in comparison with the industry average, but has underperformed when compared to that of the S&P 500. CENTERPOINT ENERGY INC's earnings per share declined by 5.7% in the most recent quarter compared to the same quarter a year ago. The company has suffered a declining pattern of earnings per share over the past year. However, we anticipate this trend reversing over the coming year. During the past fiscal year, CENTERPOINT ENERGY INC reported lower earnings of $0.72 versus $0.96 in the prior year. This year, the market expects an improvement in earnings ($1.16 versus $0.72). Longby FullTimeTrader1
CNP Target HitFive days ago, we called a long position which we had a target price at and around $24.50 that has been achieved. Follow us to get more like this trade for free. Stay safe and tuned more to come!by Xafada1
Scary QLT CallThough we are already up, price bounced off from June low which was where we wanted to take high risk trade as well high reward. This is what is trading all about. Entrt $23.61 stop loss $23.39 May low. Good Luck. Stay safe and follow us for more to comeLongby Xafada1