Accenture Ltd. stock closed at $330.18/share on 10/13/2021 & is a leader in the technology consulting industry.
ACN stock has shown recent bullishness, which traders & investors alike should be interested in.
Accenture Ltd. ACN Stock’s Technicals Broken Down
ACN Stock Price: $330.18
10 Day Moving-Average: $324.17
50 Day Moving-Average: $330.01
200 Day Moving-Average: $289.95
RSI: 52
MACD: -1.61
ACN completed a bullish MACD crossover yesterday, while also bullishly crossing its 50 Day Moving-Average.
With ~2% between the 10 Day & 50 Day MA’s, there is added momentum coming to continue pushing ACN stock higher.
As their RSI is still neutral, there looks to be additional strength to retest the $332-333 range.
Accenture Ltd. ACN Stock As A Long-Term Investment
Investors may find ACN’s valuation modest for a technology consultancy, with a P/E (ttm) of 35.8 & a P/B of 10.6.
ACN’s Beta is relatively calm at 1.12 & they had 23.8% Quarterly Revenue Growth Y-o-Y.
Accenture Ltd.’ts balance sheet also looks appealing, with $8.17B in Total Cash (mrq) & $3.51B in Total Debt (mrq).
ACN stock also offers a dividend yield of 1.1%, with a safe Payout Ratio of 38.4%.
This is part of why their % Institutional Investors is at ~73%.
Accenture Ltd. ACN Stock As A Short-Term Trade Using Options
Traders can take advantage of ACN’s current bullish momentum while hedging against broader market volatility using options.
I am looking at the 11/19 expiration dated contracts.
The $330 & $335 call options look appealing & have enough Open Interest to be able to trade in & out of as the expiration date approaches.
The $340 & $345 puts also look interesting, although they are far less liquid; a sign that the broader market has bullish sentiment for Accenture Ltd.’s stock.
Tying It All Together
Overall, ACN stock has many advantages that investors & traders will each like.
Investors will be pleased with their valuation, strength of balance sheet & dividend yield.
Traders will like their current bullish momentum, as well as the liquidity of their options contracts.
No matter your trading style & timeframes, ACN stock is worth taking a closer look at.
*** I DO NOT OWN SHARES OF ACN STOCK ***