This is in no way, shape or form, fluid and function, an analytical, qualitative or intelligent compte rendu. I am obviously not rich, so obviously I haven't made it with my own thinking, so definitely don't put faith in me. But maybe read and learn about a company that is making some major news, and maybe building some steam to lay track into the...
CP was downgraded today most likely because of the ER miss from CNI. They are both Canadian railways companies so they play by sympathy. This will unlikely affect CP long term because its earnings is next year in January. CP has multiple upgrades to the 400s through out the day and also increased its dividends. So this is very bullish news moving...
The CP daily chart is breaking out of a bull flag pattern during today's session. Seems that a lot of charts have been forming this pattern lately, a very bullish sign overall for the market.
Note how price is beginning to move above where there would be much volume action. Let's see where this stock closes today & if there is any continuation in this breakout.
Looking at the last price drop and current support/resistance levels I do not expect the price to go down below 185? so you may tune your SL to wait until the price go up again.
There are two entrance points: now at 210 and at 200, which is the round number and support level as well.
AVERAGE ANALYSTS PRICE TARGET $338
AVERAGE ANALYSTS RECOMMENDATION OVERWEIGHT
P/E RATIO 19
Canadian Pacific Railway Ltd. engages in the provision of rail service. It offers rail and intermodal transportation services. It also transports bulk commodities, merchandise freight, and intermodal traffic. The company was...
I have noticed many times pricing will run back up to a "double peak" in the 34 period or 340 period. In this case CP has popped back up to the 340 SMA double peak from previous levels... I'm sure a fib guy can step in here and explain the retrace in 3....2....1....
brschultz aka markettimer777
My quant model predicts
Profitability: it has a high probability(66%) to rebound at this level.
Worst Case: it could drop to $166.88
Money Management: Bet no more than 33% of capital
Suggested Strategy: long stock for 5 Days, wait and see
CP: Canadian Pacific Railway Limited
CP reports preliminary Q3 results, raises 2018 guidance and outlines strategy for driving sustainable, profitable growth at the Company's Investor Day