I originally found this stock through a FINVIZ screener. It has awesome Fundamentals And Technical for a buy. But we defintly need to wait for conformation to buy, unless your risky. Earnings is coming in 2 days from now and if the market reacts positively I'd say its definitely time to enter a long term Long Position on this stock.
FA
With a consistently growing Assets, Revenue, and Income over the past 5 years. Fundamentally there is nothing telling me on the balance sheet side that makes this stock a short.
There current Ratio is 4.2 which is huge, and there debt ratio is all the way down at 25% This company has a lot of money sitting around waiting to be used and make lots of profit. Once they do this stock should go crazy. They currently have a market cap of 17 Billon so they are decently sized too.
TA
This stock has been on an uptrend for well over 10 years and hasn't seen any huge drawdown since the housing crash.
It has came down 30% in the past 50 days, I have a feeling that way to many people sold this on its way down.
With and RSI at 27 and an SRSI around 5 tells me this stock is very oversold.
Additionally with the MACD as low as it is there is huge upside potential.
Also the Fib Lines show that we may be at a very crucial support right now, applying another fib lines to the current correction would show good levels to take profits
FA
With a consistently growing Assets, Revenue, and Income over the past 5 years. Fundamentally there is nothing telling me on the balance sheet side that makes this stock a short.
There current Ratio is 4.2 which is huge, and there debt ratio is all the way down at 25% This company has a lot of money sitting around waiting to be used and make lots of profit. Once they do this stock should go crazy. They currently have a market cap of 17 Billon so they are decently sized too.
TA
This stock has been on an uptrend for well over 10 years and hasn't seen any huge drawdown since the housing crash.
It has came down 30% in the past 50 days, I have a feeling that way to many people sold this on its way down.
With and RSI at 27 and an SRSI around 5 tells me this stock is very oversold.
Additionally with the MACD as low as it is there is huge upside potential.
Also the Fib Lines show that we may be at a very crucial support right now, applying another fib lines to the current correction would show good levels to take profits
Comment:
Lol up 20% already