BDT.TO — Swing Trade💰 BDT.TO — Swing Trade Breakdown
Style: Mean Reversion (RSI2)
Sector: Industrials / Construction
🏢 Company Snapshot
Bird Construction Inc. is a Canadian general contractor specializing in institutional, commercial, industrial, and civil infrastructure projects.
Recent momentum came from strong Q2 earnings, backlog growth, and continued government infrastructure spending.
📊 Fundamentals
P/E: 12.4× — trades at a slight discount vs peers (15–18×).
P/B: 2.5× — fairly valued, not overextended.
Debt/Equity: 0.45 — healthy balance sheet, manageable leverage.
ROE: 20.2% — well above industry average (13–17%).
Dividend Yield: 3.3%
Summary:
Strong profitability, moderate valuation, and stable financials — solid setup for mid-term swing positioning.
📈 Trends & Catalysts
Revenue: +8% YoY, with robust project backlog.
EPS: Steady improvement over 4 straight quarters.
Balance Sheet: Cash flow positive, leverage stable.
Catalysts: Ongoing federal infrastructure pipeline, new project awards, potential margin expansion.
Risks: Input cost inflation, potential macro slowdown.
🪙 Industry Overview
Weekly: ▼0.6%
Monthly: ▲2.8%
12M Performance: ▲28%
Sentiment: Bullish — infrastructure & construction names leading within Industrials.
📐 Technical Setup
Price: ≈ $29.75
50-SMA: ≈ $27.45 → rising support zone
RSI(2): 2.4 → extremely oversold
Pattern: Pullback after breakout above $30; consolidating near volume support.
Support: $28.20–$29.00
Resistance: $32.50
🎯 Trade Plan
Entry Zone: $29.00–$29.50 (oversold mean reversion area)
Stop: $27.80 (below 50-SMA / volume shelf)
Target: $32.40 (recent high retest)
R/R: ≈ 2.0×
Alternate Setup: Breakout >$32.50 on 1.5× volume for continuation swing.
🧠 My Take
BDT shows clean fundamentals, strong institutional trend, and oversold technicals within a broader uptrend.
I’m watching for reversal confirmation — hammer candle or uptick in volume near the 50-SMA — before scaling in.
A textbook RSI2 mean reversion setup with solid sector momentum.
