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Commercial Metals Company (CMC) - Buy, Sell or Hold?

Sector: Basic Industries   Sub-Sector: Steel/Iron Ore
Trade DateCurrent Candlestick PatternPrevious Candlestick PatternWhenPerformance Since
Fri, 17 Nov 2017Bullish EngulfingDojiWed, 08 Nov 2017-1.45%
***Stock database and scans are updated around midnight (New York time) every trading day.
18.34 0.00 (0%) Nov 17 4:00pm EST
Open: 17.97 Range: 17.97 - 18.40 Vol: 1.39M Avg Vol: 1.87M
EPS: 0.65 P/E ratio: 30.11 EBITDA: 306.06M Mkt Cap: 2.26B
Analyze "CMC" - FREE 30 Day Trial of Market Analyst 7
Short Term: Trend is Up
Last Trade is above the 5 day moving average at 18.25
Medium Term: Trend is Down
Last Trade is below the 20 day moving average at 19.33
Last Trade is below the 50 day moving average at 19.23
Long Term: Trend is Down
Last Trade is below the 200 day moving average at 19.12
* Data normalized for Splits & Dividends. Report data issues
How to use this info: Stock Timing With Moving Averages
Daily Chart of CMC

Stock Trend Analysis - Buy, Sell or Hold "Commercial Metals Company" (CMC)?

CMC is trading below its 200 day moving average and objectively, many will consider the long term trend to be down. Care must however be taken with this view as in its last 52 week trading history, it is noted that CMC has been range bound with a slight upward bias, having traded above the 200 SMA about 53% of the time. The 50 day moving average indicates a medium term trading range with a bullish upside inclination. The 20 day moving average, although still maintaining a bullish bias, is also trading in a range. Objectively, as long as CMC is trading below its 200 SMA, rallies will be sold into. The long term downtrend may accelerate downwards unless CMC rallies above the 200 SMA convincingly. Click here for the latest support & resistance levels to help you finetune your entry into or exit out of "CMC".

The analyst consensus estimates for the 1 year price target for this stock is $21.06* (*source: Yahoo Finance).

Objective Technical Analysis by BannRonn TA LogicEngine ver 1.1. Last Updated - Fri, 17 Nov 2017
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