IvanLabrie

CALM: Trading at a major discount

Long
IvanLabrie Mis à jour   
NASDAQ:CALM   Cal-Maine Foods, Inc.
This stock is coming up from a strong base, acting as a bastion of strength in this market.
Dividend investors would be glad to add this to their portfolios here I'm sure, and I wouldn't mind either.
There's a nice techical entry if we're offered with prices inside the green zone in my chart.

There is an abundance of technicals suggesting this is a good buy, so I wouldn't hesitate on reccomending it to anyone.
We have the yearly moving average below price, as well as a great valuation right here, as derived from the PSR readings, which give clues about 'fundamental support' levels in this chart.
I'd reccomend allocating 6-7% of capital in it, based on the volatility, which with a 3.85% yield, and trading at 1 time sales (PSR) -despite the high P/E ratio- makes it an attractive long term entry.

Cheers,

Ivan Labrie.
Transaction en cours:
Buying against support here looked good.
Commentaire:
Good progress here. Might want to trail stops to entry.
Commentaire:
Acting nicely.
Commentaire:
Great rally. We can trim position and add on setbacks.
Commentaire:
Trimming was wise, down a point.
Looking to buy dips.
Commentaire:

If we get oversold readings we can buy more...and reduce when it gets overbought again.
Commentaire:

Easy money so far.
Commentaire:
The pattern here is very interesting, clear accumulation. Buying dips is advised.
Commentaire:
Very resilient stock. Trading around positions is reccomended. Sell rallies, buy dips.
Commentaire:
This stock is absolutely resilient, selling rallies and buying dips is resulting excellent.
Commentaire:
Buy dips, sell overbought rallies, this is being accumulated, big time.
Commentaire:
Keeping all stops at 35 is a good long term strategy, then trail it up.
Commentaire:
Excellent build up, now ready for a rally.
Commentaire:

CALM fired a 15 day uptrend, we can book partial profits at the target on chart, then rebuy more when oversold.
Trade fermée manuellement:
Let's book profits.
Last 53.36

🔒Want to dive deeper? Check out my paid services below🔒

ivanlabrie.substack.com/
Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.