C.H. Robinson Worldwide, Inc. stock trades under the ticker CHRW & has shown recent bullishness that traders & investors should research further.
CHRW stock closed at $102.06/share on 7/1/2022.
C.H. Robinson Worldwide, Inc. CHRW Stock’s Technical Performance Broken Down
CHRW Stock Price: $102.06
10 Day Moving Average: $101.54
50 Day Moving Average: $104.62
200 Day Moving Average: $99.24
RSI: 47.62
MACD: -0.888
On Friday, CHRW stock completed a bullish MACD crossover, on below average volume compared to the year prior.
Their RSI is still on the lower side of neutral, and they will need to find support above their 10 day moving average to keep up their current momentum.
They will need to break above the $102.07 & $103.14 resistance levels to continue climbing higher in the near-term.
C.H. Robinson Worldwide, Inc. CHRW Stock As A Long-Term Investment
Long-term oriented investors will like CHRW stock’s 14.42 P/E (ttm), but will find their P/B (mrq) to be a bit high at 6.2.
They recently reported 41.9% Quarterly Revenue Growth Y-o-Y, with 56% Quarterly Earnings Growth Y-o-Y.
Their balance sheet will require a closer examination before making an investment, with $242.81M of Total Cash (mrq) reported & $2.48B of Total Debt (mrq).
CHRW stock pays a 2.08% dividend yield, which looks stable in the long-term, as their payout ratio is 29.94%.
96.45% of CHRW stock’s outstanding share float is owned by institutional investors.
C.H. Robinson Worldwide, Inc. CHRW Stock As A Short-Term Trade Using Options
Short-term oriented traders can use options to profit from price movements in CHRW stock, while protecting their portfolios from broader market volatility.
I am looking at the contracts with the 7/15 expiration date.
The $100, $97.50 & $90 calls are all in-the-money, listed from most to least liquid strike price.
The $105, $110 & $120 puts are also all in-the-money, and are ordered by highest to lowest levels of open interest.
Tying It All Together
CHRW stock is worth taking a closer look at for investors & traders alike.
Investors will like their dividend yield & recent growth, but may want to look closer into the structure of their balance sheet before investing.
Traders will like their current technical set up, but may be disappointed that the most liquid strike prices among their options are out-of-the-money.
Overall, it is worth researching how CHRW stock can fit into your portfolio strategy.
*** I DO NOT OWN SHARES OF CHRW STOCK AT THE TIME OF PUBLISHING THIS ARTICLE ***