Carlisle Cos. Inc. stock trades under the ticker CSL & has shown recent bullish behavior that traders & investors should take a closer look into.
CSL stock closed at $246.43/share on 7/5/2022.
Carlisle Cos. Inc. CSL Stock’s Technical Performance Broken Down
CSL Stock Price: $246.43
10 Day Moving Average: $239.62
50 Day Moving Average: $249.82
200 Day Moving Average: $235.13
RSI: 50.86
MACD: -2.912
Yesterday, CSL stock completed a bullish MACD crossover, settling above its 10 day moving average.
With a neutral RSI & trading at about average volume recently, there may be more momentum to continue pushing higher in the near-term for CSL stock.
They will need to break above the $250.91/share resistance level as they continue to climb higher.
Carlisle Cos. Inc. CSL Stock As A Long-Term Investment
Long-term oriented investors will like CSL stock’s P/E (ttm) of 24.07, but may find their P/B (mrq) of 4.66 to be too high for their tastes.
They recently reported 59% Quarterly Revenue Growth Y-o-Y, with 270.9% Quarterly Earnings Growth Y-o-Y.
Their balance sheet will require a closer review before investing, with a reported $291.7M of Total Cash (mrq) & $2.93B of Total Debt (mrq).
CSL stock pays a 0.89% dividend yield, which appears stable in the long-term, as their payout ratio is 21.41%.
92.84% of CSL stock’s outstanding share float is owned by institutional investors.
Carlisle Cos. Inc. CSL Stock As A Short-Term Trade Using Options
Short-term oriented traders can use options to profit from CSL stock’s price movements, while protecting themselves from market volatility.
I am looking at the contracts with the 7/15 expiration date.
The $240 & $220 call options are both in-the-money, listed from most to least liquid.
The $260 & $250 puts are also in-the-money, listed from highest to lowest levels of open interest.
Tying It All Together
CSL stock has many interesting attributes that traders & investors are sure to find appealing.
Investors will like their dividend yield, as well as their P/E (ttm), but may want to review their balance sheet structure more closely before making an investment.
Traders will like their current technicals amidst a volatile market, but may be disappointed by the liquidity levels of their contracts.
All-in-all, it is worth taking a closer look to see how CSL stock fits into your portfolio strategy.
*** I DO NOT OWN SHARES OF CSL STOCK AT THE TIME OF PUBLISHING THIS ARTICLE ***