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.
Technicals:
Crossed the Downtrend channel
Crossed the 50 SMA
Increased average Volume
Market:
Equities are recovering after panic sell off in Dezember.
These are the FUTURE dates for CC with the highest probability for experiencing a price swing high or low. Apply your own indicator(s) to determine the price swing direction.
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 4 hour chart is looking bearish for next few weeks. From Fib Ret and cypher pattern. I would look initially for PA to hit $43.00 soon, then go to $40 after.
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
Stop Loss...
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.
One of 2016/2017 top gainers. Looks like 5 wave near completed.
Possible ascending diagonal wave 5. Bearish RSI as well.
If a correction does happen, this would be a great short.
The Chemours Company is a provider of performance chemicals. The Company operates through three segments: Titanium Technologies, Fluoroproducts and Chemical Solutions. The Titanium Technologies segment is a producer of titanium dioxide (TiO2). The Fluoroproducts segment is a provider of fluoroproducts, including refrigerants and industrial fluoropolymer resins. The Chemical Solutions segment is a North American provider of industrial chemicals used in gold production, oil and gas, water treatment and other industries. It delivers customized solutions with a range of industrial and specialty chemical products for markets, including plastics and coatings, refrigeration and air conditioning, industrial, mining and oil refining. Its products include titanium dioxide, refrigerants, industrial fluoropolymer resins and a portfolio of mining and industrial chemicals, including sodium cyanide. As of December 31, 2016, the Company operates 26 production facilities located in 10 countries.
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CC
