Miller Industries Inc. stock trades under the ticker MLR & has recently shown bullish behavior that traders & investors should take a closer look into.
MLR stock closed at $27.80/share on 4/11/2022 & has been featured in our long-term stock review section in January 2022.
Miller Industries Inc. MLR Stock’s Technicals Broken Down
MLR Stock Price: $27.80
10 Day Moving Average: $27.62
50 Day Moving Average: $29.19
200 Day Moving Average: $33.43
RSI: 45.23
MACD: -0.611
Yesterday, MLR stock completed a bullish MACD crossover, while also breaking out above its 10 day moving average on above average trading volume.
With an RSI still in the 40’s, there looks to be more momentum to come in the near-term to push the share price higher.
MLR will need to break through the $28.15, $28.40 & $28.64 resistance levels.
Miller Industries Inc. MLR Stock As A Long-Term Investment
Investors will like MLR stock’s valuation metrics, with a P/E (ttm) of 18.98 & a P/B (mrq) of 1.07.
They recently reported 13.1% Quarterly Revenue Growth.
MLR stock’s balance sheet also looks appealing, with Total Cash (mrq) of $54.33M & Total Debt (mrq) of $1.25M.
Miller Industries Inc.’s stock pays a 2.67% dividend yield, which appears stable in the long-run as their payout ratio is 50%.
84% of MLR stock’s outstanding share float is held by institutional investors.
Miller Industries Inc. MLR Stock As A Short-Term Trade Using Options
Miller Industries Inc. stock has options that traders can use to profit from their price movements in the near-term.
However, their open interest levels are quite low for the next 3 month’s expiration dates.
The 6/17 expiration dated calls have the most liquidity (although still not much), with the $22.50 & $25 strike prices looking appealing.
The 5/20 dated $30 calls also look appealing, but as with the others, has very low open interest.
The 6/17 $25 puts are the only contracts that look interesting in the next few months from a puts perspective, but also are very illiquid currently.
Tying It All Together
Overall, Miller Industries Inc.’s stock has many characteristics that traders & investors will like.
Investors will say that MLR stock is a great value opportunity, with nice valuation metrics, a strong dividend & good balance sheet.
Traders will like their current technical momentum, but may be disappointed in the lack of liquidity in their options contracts.
MLR stock is worth taking a closer look into, regardless of your trading style.
*** I DO NOT OWN SHARES OF MLR STOCK AT THE TIME OF WRITING THIS ***
Last week the S&P 500 & NASDAQ indexes continued inching lower, with the ETFs that track each index completing bearish MACD crossovers, as their RSI‘s retreated back towards neutral (50).
With <2% between the 10 & 50 day moving averages, there looks to be more declines to come this week, possibly stemming from bad news coming from earnings calls.
QLD, the ProShares Ultra QQQ ETF which tracks the NASDAQ’s performance also had a difficult week, with prices dropping even further than SPUU.
QLD ETF – ProShares Ultra QQQ ETF
They have been trading on above average volume compared to the year prior, and have an RSI that is below 50, signaling that it is becoming oversold.
There looks to be more downwards room to fall in the near-term for QLD & SPUU, with ~6% between their 10 & 50 day moving averages.
Global Uranium Mining (URNM), Natural Gas (FCG), 20+ Year Treasury Bear (TMV) & Wheat (WEAT) Are All Bullishly Leading The Pack
While their RSI is trending into overbought territory in the coming days, their above average trading volume f the past week looks set to continue pushing them higher in the coming days.
URNM does not have options to use for hedging, but they do offer a 5.31% dividend yield which can provide a cushion for returns depending on how long you hold it for.
They look set to establish a new range & continue climbing, which may provide an entry-point for new positions, using the yield as a hedging cushion.
FCG, the First Trust Natural Gas ETF has also been performing strongly since December 2021’s lows, and also recently had a bullish MACD crossover, after a month or so of establishing a new price range in the $24+ range.
FCG ETF – First Trust Natural Gas ETF
While their RSI is approaching overbought, there looks to be more gains in the near-term as they try to cross over into the $26/share range.
They have options that can be used for hedging against volatility, and for long-only investors they do offer a 1.49% dividend yield, which can act as a small cushion against volatility.
Their recent trading volumes have been above average, their MACD is signaling very bullish, and their RSI is almost 68, signaling that they’re approaching overbought.
TMV may be worth trading some options around as a new price range is established & the profits can then be used to buy in after the technicals signal a better entry-point.
WEAT, the Teucrium Wheat Fund ETF has been steadily rising since October of 2021, although since March of 2022 has held tight in the $10-11/share price range.
WEAT ETF – Teucrium Wheat Fund ETF
Their trading volume has been perking up, and their MACD is beginning to curl upwards signaling bullishness on the horizon.
With an RSI that is still in the neutral-ish area, WEAT may be ready to run in the near-term & since they have options this can be highly profitable while establishing a new position.
Cannabis (TOKE), Pop Culture Disruption (VPOP), e-Commerce (EBIZ) & Homebuilders (XHB) Are All Bearishly Lagging The Pack
They offer a 4% dividend yield that investors can use as a cushion against volatility, or as additional gains as they hold their position.
TOKE’s MACD is still flashing bearish, but their RSI is about to dip below 40, which is beginning to signal oversold conditions & may warrant a turnaround.
I have a position in TOKE ETF, as disclosed at the bottom of this article.
VPOP ETF – Simplify Volt Pop Culture Disruption ETF
Investors may be disappointed that VPOP does not offer any dividend, and traders will not be pleased that they do not have options, so this is not a name that I would be piling into a new position just yet.
Their MACD & RSI are both signaling that there is more near-term pain to come, and they haven’t had any meaningful trading volume recently, signaling that this is not the time to be looking at them.
EBIZ, the Global X e-Commerce ETF has been in a steady decline since October 2021 as well, although they tried to rebound a bit in March 2021.
EBIZ ETF – Global X e-Commerce ETF
EBIZ has had some higher than average trading volume days recently though, but last week had a bearish MACD crossover, along with an RSI of 43.
With such a minuscule dividend, this doesn’t look like a good time to begin a position, although options can be used to hedge against near-term losses.
Their volume has been picking up above average though, and their RSI is oversold.
Watch their MACD in the near-term as it is beginning to show signs of turning bullish, which could provide them with the momentum needed to turn it around & begin climbing again.
Tying It All Together
This should be an interesting week, where earnings calls will meet Fed inflation predictions, CPI & unemployment data.
It is also a short trading week, as Friday is a holiday, which may also shake things up heading into a long weekend.
It will be interesting to see how much risk investors & traders are willing to take into the weekend, and with Thursday being an options expiration date, seeing how open interest on contracts changes for May 20th.
*** I DO NOT OWN SHARES OF: SPUU, QLD, URNM, FCG, TMV, WEAT, XHB, EBIZ or VPOP. ***
Yesterday, LZB stock completed a bullish MACD crossover, closing just beneath its 10 day moving average.
Their trading volume this past week has been above average, compared with the prior year’s performance, which when paired with an RSI in the high 30’s looks set to continue climbing higher in the near-term.
LZB stock will need to break through the $26.78, $26.84, $26.97 & $27.30 resistance levels as it continues climbing higher.
La Z Boy LZB Stock As A Long-Term Investment
Long-term oriented investors will like LZB stock’s valuation metrics, with a P/E (ttm) of 9.27 & a P/B (mrq) of 1.49.
They recently reported 21.6% Quarterly Revenue Growth Y-o-Y.
LZB stock’s balance sheet may require an additional detailed dive before investing, as they have reported $252.94M in Total Cash (mrq), with $411.7M Total Debt (mrq).
LZB stock pays a 2.36% dividend yield, which appears sustainable in the long run as their payout ratio is 21.4%.
La Z Boy LZB Stock As A Short-Term Trade Using Options
Short-term oriented traders can use options to profit from price movements in LZB stock, while hedging against broader market volatility.
I am looking at the contracts with the 5/20 expiration date.
The $25 & $30 calls look interesting, although rather illiquid.
The $30 puts also look appealing, but also have low levels of open interest.
Given that there is an expiration date this coming week, there should be more contracts written in the next 2 weeks, which may fix this problem & provide a wider range of strike prices to take advantage of.
Tying It All Together
All-in-all, LZB stock has many characteristics that traders & investors will both like.
Investors will like their dividend yield & valuation metrics, but may want to research their balance sheet a bit further before investing.
Traders will like their current momentum, but may be disappointed in the current liquidity of their options, until this week passes & April’s expiration date has gone by.
Overall, LZB stock is worth taking a closer look into, regardless of your trading style.
Thor Industries, Inc. stock trades under the ticker THO & shown recent bullishness that traders & investors may want to further research.
THO stock closed at $81.47/share on 4/8/2022.
Thor Industries, Inc. THO Stock’s Technicals Broken Down
Thor Industries, Inc. THO Stock
THO Stock Price: $81.47
10 Day Moving Average: $80.89
50 Day Moving Average: $87.59
200 Day Moving Average: $103.36
RSI: 46.33
MACD: -2.19
Yesterday, THO stock completed a bullish MACD crossover, while gapping up above its 10 day moving average.
It has traded on above average volume in the last week, compared to the year prior’s volumes, which paired with an RSI below 50 signals more strength to come in the near-term.
THO stock will have to break through the $82.24, $83.88 & $84.70 resistance points as it marches higher.
Thor Industries, Inc. THO Stock As A Long-Term Investment
Long-term oriented investors will like THO stock’s valuation metrics, with a P/E (ttm) of 4.87 & a P/B (mrq) of 1.37.
Investors may want to do a thorough review of their balance sheet before making an investment, as they have $305.24M in Total Cash (mrq), with Total Debt (mrq) of $2.23B.
THO stock pays a 2.12% dividend yield, which appears to be sustainable in the long-term with a 10.15% payout ratio.
98.5% of THO stock’s outstanding share float is owned by institutional investors.
Thor Industries, Inc. THO Stock As A Short-Term Trade Using Options
Short-term focused traders can use options to profit from movements in THO stock’s price, while also protecting themselves from broader market volatility.
I am looking at the contracts with the 4/14 expiration date.
The $75, $80 & $85 call options all look appealing, although slightly illiquid, as there’s only 574 outstanding contracts between all 3 of the strike prices.
The $85, $90 & $95 puts also look interesting, although the $85 strike price is the most liquid of the three, with 1,056 open contracts.
Tying It All Together
Overall, THO stock is worth taking a closer look into to see if it fits with your portfolio management style.
Investors will find their dividend & valuation metrics appealing, but may want to look deeper into their debt structure.
Traders will like their current momentum, but may be disappointed at the liquidity of their options.
THO stock is worth taking a closer look into, regardless of your trading style.
Consumer Portfolio Services, Inc. CPSS Stock’s Technicals Broken Down
Consumer Portfolio Services, Inc. – CPSS Stock
CPSS Stock Price: $11.68
10 Day Moving Average: $11.03
50 Day Moving Average: $11.31
200 Day Moving Average: $8.06
RSI: 56.4
MACD: -0.024
Yesterday, CPSS stock completed a bullish MACD crossover, while bullishly breaking out above its 10 day moving average.
With an RSI of 56, there looks to be more momentum in the near-term for CPSS stock’s price to continue climbing, despite recent trading volumes being about average for the last year.
CPSS will need to test & break above the $11.84, $11.99 & $12.25-resistance levels as it continues to rise.
Consumer Portfolio Services Inc. CPSS Stock As A Long-Term Investment
Long-term oriented investors will find CPSS stock’s valuation metrics appealing, as their P/E (ttm) is 5.75 & their P/B (mrq) is 1.32.
Their balance sheet may be worth reviewing a bit more thoroughly before investing, as they’ve reported having Total Cash (mrq) of $29.93M & Total Debt (mrq) of $1.96B.
CPSS stock does not pay a dividend, which may be a part of why only 46.3% of their outstanding share float is held by institutional investors.
Consumer Portfolio Services, Inc. CPSS Stock As A Short-Term Trade Using Options
Short-term focused traders can use options to profit from CPSS stock’s price movements, while hedging against broader market volatility.
For the April 14th expiration date, the $5, $7.50 & $10 call options look appealing, while the $12.50 & $15 put contracts also look interesting.
The next expiration date is May 20th, which I anticipate will have more open interest after this Friday’s expiration date passes.
Tying It All Together
All-in-all, CPSS stock is worth taking a closer look into to see if it fits into your trading strategy.
Long-term focused investors will like their valuation, but may be disappointed by their lack of a dividend yield.
Short-term traders will like their current momentum, but may be disappointed by the current open interest levels on the May 20th expiration dated contracts.
CPSS stock is worth taking a closer review into, regardless of your trading style.
Evergy, Inc. stock trades under the ticker EVRG & has shown recent bullishness that traders & investors should take a closer look into.
EVRG stock closed at $70.61/share on 4/6/2022.
Evergy, Inc. EVRG Stock’s Technicals Broken Down
EVRG Stock Price: $70.61
10 Day Moving Average: $68.08
50 Day Moving Average: $64.13
200 Day Moving Average: $64.09
RSI: 79.6
Yesterday, EVRG stock continued a month & a half bullish climb from the 2022 lows of February, climbing an additional 2.21%.
Their recent trading volume has been about average compared to the prior year’s.
Their MACD is still signaling more room to climb, although their overbought RSI shows that there may be some steam blown off in the near-term, as they begin to establish a new price range.
Evergy, Inc. EVRG Stock As A Long-Term Investment
Long-term focused investors will like EVRG stock’s valuation metrics, with a P/E (ttm) of 17.86 & a P/B (mrq) of 1.7.
They recently reports Quarterly Revenue Growth Y-o-Y of 2.5%, with Quarterly Earnings Growth Y-o-Y of 4.7%.
EVRG stock’s balance sheet will require a closer examination before investing, with $26.2M in Total Cash (mrq) & $11.3B in Total Debt (mrq).
ERVG stock pays a 3.15% dividend, which appears to be stable as their payout ratio is 56%.
As a result, 93.7% of EVRG stock’s outstanding share float is held by institutional investors.
Evergy, Inc. EVRG Stock As A Short-Term Trade Using Options
Short-term oriented traders can use options to profit from movements in EVRG stock’s share price.
I am looking at the contracts with the 4/14 expiration date.
The $65 & $70 calls look appealing, although they have combined open interest of ~600 between both strike prices.
The $70 puts are the only strike price with liquidity that are near-the-money.
Tying It All Together
Overall, EVRG stock has many interesting characteristics that traders & investors will like.
Investors will be fond of their dividend & valuation metrics, but may be weary of their balance sheet structure.
Traders will like their current momentum, but will be disappointed in how illiquid their options contracts are compared to other names.
EVRG stock is worth taking a closer look at, regardless of your trading style.
Asure Software stock trades under the ticker ASUR & has shown recent bullishness that traders & investors should take note of.
ASUR stock closed at $6.74/share on 4/5/2022.
Asure Software ASUR Stock’s Technicals Broken Down
ASUR Stock Price: $6.74
10 Day Moving Average: $6.13
50 Day Moving Average: $6.80
200 Day Moving Average: $8.17
RSI: 56.3
MACD: -.201
Yesterday, ASUR stock completed a bullish MACD crossover, while gapping up 8.53%.
In the process, they broke above their 10 day moving average, closing just beneath their 50 day moving average.
With an RSI that is still relatively neutral, and greater than average trading volume compared to the year prior, there looks to be more momentum to be pushing their share price higher in the near-term.
They need to break out above the $7.15, $7.18 & $7.27/share resistance levels.
Asure Software ASUR Stock As A Long-Term Investment
Long-term oriented investors will like ASUR stock’s valuation metrics, with a P/E (ttm) of 38.81 & a P/B (mrq) of 0.79.
They recently reported 28.5% Quarterly Revenue Growth Y-o-Y.
ASUR stock’s balance sheet warrants a closer examination, with Total Cash (mrq) of $13.43M & $41.3M in Total Debt (mrq).
Despite not offering a dividend yield, 67% of ASUR stock’s outstanding share float is held by institutional investors.
Asure Software ASUR Stock As A Short-Term Trade Using Options
Short-term focused traders can trade options to profit from movements in ASUR stock.
I am looking at the contracts with the 4/14 expiration date.
The $5 & $7.50 calls look interesting, although very illiquid.
There are no puts that are close to being at the money at this time for the next three expiration dates.
Tying It All Together
Overall, traders & investors may want to take a closer look at ASUR stock.
Investors will like theri valuation metrics, but will be disappointed by their lack of a dividend yield.
Traders will like their current momentum, but will be disappointed by their lack of liquidity in their contracts.
ASUR stock is worth taking a closer look at, regardless of your trading style.
Northwest Pipe Co. stock trades under the ticker NWPX & has shown recent bullishness that traders & investors should research further.
NWPX stock closed at $26.26/share on 4/6/2022.
Northwest Pipe Co. NWPX Stock’s Technicals Broken Down
NWPX Stock Price: $26.26
10 Day Moving Average: $25.60
50 Day Moving Average: $28.17
200 Day Moving Average: $27.58
RSI: 43.7
MACD: -0.797
Yesterday, NWPX completed a bullish MACD crossover, after breaking out above its 10 day moving average last week.
Their recent trading volume has been about average compared to the year prior.
With an RSI that is still veering towards oversold territory, they look to have more momentum to come in the near-term to push their share price higher.
They need to test & break above the $26.39, $26.52 & $26.62/share resistance levels.
Northwest Pipe Corp. NWPX Stock As A Long-Term Investment
Long-term oriented investors will like NWPX stock’s valuation metrics, with a P/E (ttm) of 22.64 & a P/B (mrq) of 0.92.
They recently reported 47.8% Quarterly Revenue Growth Y-o-Y.
NWPX stock’s balance sheet may require a closer review before an investment, as they have $3M in Total Cash (mrq) & $187.4M in Total Debt (mrq).
Despite not offering a dividend yield, 86.6% of NWPX stock’s outstanding share float is held by institutional investors.
Northwest Pipe Corp. NWPX Stock As A Short-Term Trade Using Options
Short-term oriented traders can use options to harness gains from movements in NWPX stock in any direction.
I am looking at the contracts with the 4/14 expiration date.
The $30 calls are the only ones with open interest, which is also true for May, but in June there is liquidity in the $12.50, $22.50 & $25 strike price contracts.
The further out options will cost a premium to nearer dated ones though.
The $25 puts are the only strike price with liquidity at this level as well, although they may not be able to get into the money in a week & two days of trading.
Tying It All Together
All-in-all NWPX has many unique characteristics that traders & investors may like.
Investors will like their valuation metrics, but may be disappointed by their lack of a dividend yield.
Traders will like their momentum, but be disappointed by their lack of liquidity in their near-term options.
Overall, NWPX stock is worth taking a closer look into, regardless of your trading style.
