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VALE S.AVALE S.AVALE S.A

VALE S.A

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VALE/N trade ideas

What To Do About Commodities?Good morning everyone! Every Thursday morning we highlight our favorite trade setup of the week. This week, we will be taking a look at a High Yield setup in $VALE. It's been an interesting week of trading, and the kind of price action & news flow that gets you thinking about the bigger picture. Yesterday, we saw this chart, and it got us thinking about the commodity space & how to best position -- twitter.com While the sentiment of the tweet we view as somewhat extreme, the idea that commodity production will be an outperforming theme over the next several years seems highly interesting. There are some incredible values in the XLB & XOP space, among them $VALE. While the price of Iron Ore has come off drastically over the last few weeks on the back of the Evergrande / China situation (China consumes by far the most amount of raw materials globally), the resulting price from shorting a $12 strike December put seems too good to pass up. Either you get the stock (which pays a great dividend, by the way) at a great price, or you get to keep some free yield off of attractive exposure. Given the long term potential for inflation & commodities, this seems like a Win / Win. By shorting these puts, you get paid a 3% return over 86 days, which is a higher yield than 90% of dividend stocks & light years ahead of bonds - and that's before you annualize it. What could be better in a market full of richly valued companies? Value, yield, and margin of safety. We try to put out ideas like this on a regular basis so give us a follow!
NYSE:VALELong
by PropNotes
2
Vale falls out of channelAfter attempting to breakout over 23$ finally after 3months of consolidation , Vale was rejected with a gap below and close below 50ma. Added to to that bad setup is shaven head candle stick Increase in selling volume A close outside of uptrend for the first time since last Nov. Conformation would be a drop below 100ma at 20.56 and close. Target is a place of heavy support around 18.10. They still have a gap to close around 17.50 OBV ,MFI, Macd All bearish on both weekly and daily time frames
NYSE:VALEShort
by ContraryTrader
1
Clear VCP in $VALE, I'm waiting for the breakoutSo the technicals are great, excellent uptrend with the price above its MAs and now formming a third base in which I'm waiting for the breakout to enter a position. The pattern is accompanied by low volume, that's good too. Also, is leading its sector. Very strong realtive strength against the Steel ETF AMEX:SLX , which has a 17% allocation of the stock. Today Zacks gave it a Rank #1 for STRONG BUY and, is Rank #1 in its industry in the IBD Investors Group Leaderboard with a 92 Rating on the IBD Relative Strength. These are all good bullish signs. I'll be setting a stop buy order in $23.35 with a sell target in $27.10. Another thing I like is that NYSE:VALE has a strong revenue growth since 2017.
NYSE:VALELong
by dpuleo19