Breaking out of the rectangle, also fits the ascending wedge pattern with a break above. Will give it a shot and bet on the trend. Positive earnings. Stop set if it falls back into the consolidation range = trend failed.
Wary of extended SP500, but following price as always.
This is a DuPont spin off. This year they announced large increase in Profit (700mln) and a new product of Freon with ultra low environment impact + already signed agreement with large Air-cond company.
Crossed the Downtrend channel
Crossed the 50 SMA
Increased average Volume
Equities are recovering after panic sell off in Dezember.
Up for discussion today is The Chemours Co. (ticker: CC) a diversified chemicals company in the materials sector listed on the NYSE. The company currently has either a Buy or Strong Buy rating by several research firms, and I'll be looking to add the stock to my portfolio if fundamental and technical conditions turn favorable.
Fundamentals: CC has reported...
CCS is printing a bullish hammer candlestick over candlestick price bar on heavier above average volume with my momentum/trending oscillators confirming the price move. I am going long CCS on Thursday using a limit (GTC BUY LMT) order @ 30.15. I will have two trailing sell stops (GTC SELL STP) @ 29.10 and 28.50 to protect my initial invested capital in case CCS...
CCS is printing a bullish hammer candlestick over candlestick price bar on heavier above average volume with my momentum/trending oscillators confirming the price move. I am going long CCS on Thursday using a limit (GTC-BUY-LMT) order @ 30.15. I will have two trailing sell stops (GTC-SELL-STP) @ 29.10 and 28.50 to protect my initial invested capital in case CCS...
CC seems breaking down from longer term upward channel. It has a lot of insider selling, and P/E ratio of 72.33, where Debt to Equity is very high 10.06. We think it has good down-side potential.
* Trade Criteria *
Date First Found- June 6, 2017
Pattern/Why- Fallen angel pattern
Entry Target Criteria- Break of $38.13
Exit Target Criteria- $30.74
CC has been in a good uptrend for a while now. we had another breakout on good volume on Friday giving an opportunity to add to the trade, which is in decent profit.
BBs are expanding, which is a nice thing to see. I am looking to add further once we see trend continuation patterns.