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Cabot Microelectronics Corporation (CCMP) - Buy, Sell or Hold?

Sector: Technology   Sub-Sector: Semiconductors
Trade DateCurrent Candlestick PatternPrevious Candlestick PatternWhenPerformance Since
Tue, 27 Jun 2017Bearish EngulfingBearish EngulfingThu, 25 May 2017-3.43%
***Stock database and scans are updated around midnight (New York time) every trading day.
73.73 0.00 (0%) Jun 27 4:00pm EDT
Open: 76.81 Range: 73.61 - 77.30 Vol: 320.64K Avg Vol: 205.71K
EPS: 3.20 P/E ratio: 23.05 EBITDA: 126.84M Mkt Cap: 1.85B
Analyze "CCMP" - FREE 30 Day Trial of Market Analyst 7
Short Term: Trend is Down
Last Trade is below the 5 day moving average at 76.02
Medium Term: Trend is Down
Last Trade is below the 20 day moving average at 76.33
Last Trade is below the 50 day moving average at 75.79
Long Term: Trend is Up
Last Trade is above the 200 day moving average at 64.66
* Data normalized for Splits & Dividends. Report data issues
How to use this info: Stock Timing With Moving Averages
Daily Chart of CCMP

Stock Trend Analysis - Buy, Sell or Hold "Cabot Microelectronics Corporation" (CCMP)?

CCMP is in a very strong uptrend. In the last 52 weeks, CCMP has been trading above the 200 day moving average for 98% of the time with an average daily volume of 205.7K shares being traded. In the medium term, the 50 day moving average, currently at 75.79 for CCMP is also very bullish, indicating good swing trading opportunities for longs. The 20 day moving average is however indicating a predominance of range bound trading but still with a bullish bias. CCMP may experience some profit taking due to its strong performance thus far, so it may be prudent to lighten up on strength or sudden upward momentum. A good area to re-enter CCMP is near the 200 SMA currently at 64.66. Click here for the latest support & resistance levels to help you finetune your entry into or exit out of "CCMP".

The analyst consensus estimates for the 1 year price target for this stock is $86.00* (*source: Yahoo Finance).

Objective Technical Analysis by BannRonn TA LogicEngine ver 1.1. Last Updated - Tue, 27 Jun 2017
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