Buy $ATD if you want your portfolio to reach ATHKey Stats:
Current Price: CAD 81.91 (as of Dec 1, 2024)
Market Cap: CAD 77.65B
P/E Ratio: 22.58
1-Year Performance: +7.2%
Next Earnings Date: March 25, 2025
Top 3 Technical Reasons ATD Will Rise:
Breakout Momentum: ATD recently broke out from a consolidation phase, with price reclaiming its 20-day and 50-day moving averages. Classic bullish signal.
Volume Surge: Increased trading volume over the past week confirms institutional accumulation.
Targeted Price Action: Resistance near CAD 82.50 is within range, and if cleared, a swift move toward CAD 92 is probable. Fibonacci projections align with this target.
Top 3 Fundamental Reasons ATD Will Rise:
Resilient Earnings: Despite a minor Q3 miss (-3.18%), earnings per share growth remains solid. Analyst expectations for Q4 (CAD 1.08 EPS) are promising.
Defensive Retail Leader: With a network of 15,000+ convenience stores, ATD thrives during economic uncertainties due to its essential goods model.
Valuation Looks Good: A P/E of 22.58 is reasonable given ATD’s growth trajectory and strong cash flow. Market cap stability also indicates sustained investor confidence.
Potential Paths to Profit:
Buy Shares: The most straightforward, lowest-risk approach.
Call Options: Consider March 2025 CAD 85 strike calls. Leverage upside while capping downside risk.
Swing Trade: Look for pullbacks near CAD 80 for a favorable risk-reward entry point.
Disclaimer: We are not a brokerage or investment firm. We do not offer financial advice or investment signals. This is not certified financial education. We share an individual's trading ideas. No refunds. All sales final.
ATD/N trade ideas
Adding to core position AlimentationAlimentation is one of my core holdings in my long-term investing account. I have been slowly adding to this position slowly as it consolidates. I believe the market has not priced the rate cuts into this very recession resistant stock. The market is keeping the price down due to the uncertainty of the 7-eleven acquisition. This consolidation has been 28 weeks allowing me to slowly amass a large position in my concentrated portfolio. TA wise the stock is ranging and building a strong base around the current price. The weekly stochastic RSI is completely dead right now. My TA target is 72$, this nearly perfectly lines up with the discounted cash flow valuation from Jan of this year.
My target for a year out is 75$.
Alimentation new additionToday I am adding a small starter position to a stock I have been following for a long-time. I was hoping to snag shares at 52$ but the weekly wick did not give me that gift. I have limit orders at 55$ as well. I plan on making this one of my larger OTC holding that I just buy and forget. The company is an amazing business that has been hit hard by interest rates with margin reduction. As rates drop I expect these quality businesses to outperform long-term. You will note the stock loves to respect EMAs. Take a look at the 20,50 and 100 EMA, these are great buy zones depending on the trend. During a clear uptrend that 20 EMA is respected. During washouts we look to the 50, and wicks occasionally give the gift of a visit to the 100.
-This will be up there with my larger quality positions that include Hammond Power Solutions, AVUV (index), Dino Polska, and Brookfield Corporation.
ATD AnalysisThere’s a clear symmetric triangle nearing a breakout and it can go any side as this pattern typically indicates a period of consolidation, with the price breakout direction being uncertain.
In case of a bearish breakout, there’s a strong support zone between $74 and $73. I’d suggest you to wait until the price breaks out above the red EMA 20 line on this hourly chart.
Swingtrade ATD.toOver the past two years ATD.to has traded seven times in a range bound in the upper side by the 50ema+8% (confirmed by an RSI of 70) and on the lower side by <50ema (confirmed by RSI below 40). It is again approaching the lower side of the range. A buy entry to the swing trade...
I have been swingtrading 1/3 of my long position