The FUTURE price High / Low price swing dates for CCThese are the most probable FUTURE price High / Low price swing dates for CC
2CU trade ideas
Buy Opportunity on Chemours Co (NYSE:CC)Up for discussion today is The Chemours Co. (ticker: CC) a diversified chemicals company in the materials sector listed on the NYSE. The company currently has either a Buy or Strong Buy rating by several research firms, and I'll be looking to add the stock to my portfolio if fundamental and technical conditions turn favorable.
Fundamentals: CC has reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. Furthermore, the company has shown a pattern of positive earnings per share growth over the past two years. The company has a projected Q1 earnings per share growth of 64% and 41% for the fiscal year. Last earnings per share surprise came in at 25% and the company has consistently beaten earnings expectations.
Technicals: Like most individual stocks in the market, CC has been following the direction of the overall market and is currently trending downwards. In order for me to enter into a trade I need to see definitive price action trending upwards. ADX is flat, well below 20 @ 9.31, 20-period RSI is below 50 and the MACD is printing divergence below the zero line. Once (and IF) price action breaks above the 20-period EMA and if the current +DI/-DI cross over holds I'll be looking at putting in a limit order.
CC - Upward channel breakdown short from $38.13 to $30.74 CC seems breaking down from longer term upward channel. It has a lot of insider selling, and P/E ratio of 72.33, where Debt to Equity is very high 10.06. We think it has good down-side potential.
* Trade Criteria *
Date First Found- June 6, 2017
Pattern/Why- Fallen angel pattern
Entry Target Criteria- Break of $38.13
Exit Target Criteria- $30.74
Stop Loss Criteria- $42.17
Please check back for Trade updates. (Note: Trade update is little delayed here.)
CC another breakout above $40CC has been in a good uptrend for a while now. we had another breakout on good volume on Friday giving an opportunity to add to the trade, which is in decent profit.
BBs are expanding, which is a nice thing to see. I am looking to add further once we see trend continuation patterns.
