Civitas Resources, Inc. stock trades under the ticker CIVI & has shown recent bullishness that traders & investors should take a closer look at.
CIVI gapped up 6.63% on 1/4/2021, to $54.82/share.
Civitas Resources, Inc. CIVI Stock’s Technicals Broken Down
CIVI Stock Price: $54.82
10 Day Moving Average: $50.29
50 Day Moving Average: $53.33
200 Day Moving Average: $44.03
RSI: 57.9
MACD: -0.49
CIVI completed a bullish MACD crossover yesterday, during their 6%+ gap up, while also breaking out above their 50 Day Moving Average.
While their RSI is almost in the 60’s, there looks to be plenty of additional near-term momentum for CIVI stock.
Their volume has been slightly above average recently as well.
Civitas Resources, Inc. CIVI Stock As A Long-Term Investment
Long-term oriented investors may find CIVI’s valuation metrics to be appealing, with a P/E(ttm) of 16.9 & a P/B (mrq) of 3.46.
CIVI stock had Quarterly Revenue Growth Y-o-Y of 222.7%.
Their balance sheet is a bit questionable though, with Total Cash (mrq) of $40.41M & Total Debt (mrq) of $188.4M.
CIVI stock does offer a 1.36% dividend yield, that looks very safe, with a payout ratio of 20.4%.
81.2% of CIVI’s share float is held by institutional investors.
Civitas Resources, Inc. CIVI Stock As A Short-Term Trade Using Options
CIVI stock has options that can be traded in the short-term to take advantage of their recent momentum, while putting aside risks from the broader market.
I am looking at the contracts with the 1/21 expiration date.
The $50 & $55 calls look appealing, although with open interest in the 200’s for each, they are relatively illiquid.
The $55 puts look interesting, although highly illiquid with open interest of 19, and the $60 strike price would also be appealing, but there is no open interest at this time.
Tying It All Together
All-together, CIVI stock has many appealing characteristics that traders & investors should take a closer look at.
Investors will like their valuation metrics & dividend yield, although they may want to take a closer look at their balance sheet.
Traders will like CIVI stock’s current momentum that looks set to continue on into the coming weeks.
Overall, CIVI stock is worth taking a closer look at, regardless of your trading style.
Clearway Energy, Inc. stock trades under the ticker CWEN & has shown recent bullishness that traders & investors should take a closer look at.
CWEN stock closed at $36.03/share on 12/31/2021.
Clearway Energy, Inc. CWEN Stock’s Technicals Broken Down
CWEN Stock Price: $36.03
10 Day Moving Average: $35.50
50 Day Moving Average: $36.10
200 Day Moving Average: $30.21
RSI: 51.6
MACD: -0.153
CWEN stock completed a bullish MACD crossover on 12/31/2021, and has a relatively neutral RSI, signaling more gains to come in the short-term.
With their price ~0.1% from crossing above their 50 Day MA, their price looks set to continue climbing, until it tests its next level of resistance at the $37-price level.
Clearway Energy, Inc. CWEN Stock As A Long-Term Investment
Investors may find CWEN stock’s valuation a bit rich, with a P/E(ttm) of 119.3 & a P/B of 2.31.
Their Quarterly Revenue Growth Y-o-Y is 5.7%.
Investors also may want to take a close look on CWEN’s balance sheet, with Total Cash (mrq) of $189M & $8.3B in Total Debt (mrq).
However, CWEN does offer an annual dividend yield of 3.65%, with a Payout Ratio of 441%.
This is very high, and suggests that when paired with the balance sheet figures that their dividend may not be sustainable for too long, as typically a healthy ratio is less than 50%.
Still, ~94% of their share float is held by institutional investors.
Clearway Energy, Inc. CWEN Stock As A Short-Term Trade Using Options
Traders can use options in order to take advantage of CWEN’s current momentum, while staving off broader market fears around COVID & inflation.
I am looking at the 1/21 expiration dated contracts.
The $30 & $35 calls look appealing, although very illiquid.
The $35 & $40 puts also look appealing, with the $35 puts having the most open interest of all of the mentioned contracts.
Tying It All Together
Overall, there are some interesting opportunities for traders & investors in CWEN stock.
They do offer a nice looking dividend yield, however it is unknown how stable it will be over the years with their payout ratio & balance sheet.
In the near-term, their price looks set to continue to rise with their current momentum.
Calix Networks Inc. stock trades under the ticker CALX & has shown recent bullishness that traders & investors should take a closer look at.
CALX stock closed at $70.00/share on 12/27/2021, with additional near-term momentum signals.
Calix Networks Inc. CALX Stock’s Technicals Broken Down
CALX Stock Price: $70.00
10 Day Moving Average: $64.93
50 Day Moving Average: $66.41
200 Day Moving Average: $50.65
RSI: 56.8
MACD: -0.354
Yesterday, CALX stock completed a bullish MACD crossover, after experiencing higher than average trading volume over the last 2 weeks.
With their 10 Day Moving Average ~2% below the 50 Day MA, there will be additional positive momentum behind it to drive their share price up higher.
A relatively neutral RSI of <57 also looks to be a positive signal for CALX stock in the near-term.
Their next test of resistance will be the $73/share level.
Calix Networks Inc. CALX Stock As A Long-Term Investment
Investors may find CALX’s valuation metrics appealing, with a P/E(ttm) of 18.8 & a P/B of 8.12 (a bit rich on the P/B, but they are in the Computer Services industry).
CALX stock had 14.4% Quarterly Revenue Growth Y-o-Y.
Their balance sheet looks particularly appealing, with Total Cash (mrq) of $188.7M & Total Debt (mrq) of $14.7M.
This is likely a major reason that 81% of their total share float is held by institutional investors.
Calix Networks Inc. CALX Stock As A Short-Term Trade Using Options
Traders can use CALX options in order to benefit from their positive momentum, while hedging against risks of broader market volatility.
I am looking at the contracts with the 1/21 expiration date.
The $65 & $70 call options look appealing, with the latter having better liquidity than the former.
The $75 & $80 puts look interesting, although very illiquid with open interest of <100 for each.
This reiterates the near-term bullish sentiment.
Tying It All Together
Overall, there looks to be many appealing characteristics to CALX stock.
Investors will be pleased with their balance sheet, despite them not paying a dividend yield.
Traders will like their current momentum & technical set up.
CALX stock is worth taking a closer look at, regardless of your trading style.
A10 Networks, Inc. stock trades under the ticker ATEN & has shown recent bullish momentum that traders & investors should take a closer look at.
ATEN stock closed at $15.95/share on 12/21/2021.
A10 Networks, Inc. ATEN Stock’s Technicals Broken Down
ATEN Stock Price: $15.95
10 Day Moving Average: $15.32
50 Day Moving Average: $15.23
200 Day Moving Average: $12.24
RSI: 54.6
MACD: -0.017
ATEN stock completed a bullish MACD crossover yesterday & still maintains a relatively neutral RSI at 54.6.
Their price also broke out over both the 10 & 50 Day Moving Averages, on slightly above average trading volume.
The next area to watch for resistance is the $16.35/share level.
A10 Networks, Inc. ATEN Stock As A Long-Term Investment
Long-term oriented investors will find that ATEN stock has many good attributes.
Their valuation is modest, with a P/E(ttm) of 13.6 & a P/B of 5.95.
With a beta of 1.04, they move relatively in line with broader market indexes.
ATEN stock’s Quarterly Revenue Growth Y-o-Y was 15.5%.
ATEN’s balance sheet also looks appealing, with Total Cash (mrq) of $187.5M & Total Debt (mrq) of $24.8M.
They offer a small dividend yield of 0.33%.
A10 Networks, Inc. ATEN Stock As A Short-Term Trade Using Options
Short-term oriented traders can use options to take advantage of ATEN stock’s current momentum, while hedging against market volatility.
I am looking at the contracts with the 1/21 expiration date.
The $15 & $17.50 calls look appealing, although less liquid than we would like.
The $17.50 puts also look interesting, as would the $20 contracts if they had more open interest.
Tying It All Together
Overall, ATEN stock has many interesting attributes that traders & investors should take a closer look at.
Their balance sheet & valuation looks appealing for long-term oriented investors, while their current momentum looks set to continue to the delight of short-term focused traders.
ATEN stock is worth taking a closer look at, regardless of your trading style & timeframes.
Wyndham Hotels & Resorts Inc. stock trades under the ticker WH & has shown recent bullishness that traders & investors should take a closer look at.
WH stock closed at $81.31/share on 12/20/2021, with more bullish momentum set to push its share price higher in the coming days.
Wyndham Hotels & Resorts Inc. WH Stock’s Technicals Broken Down
WH Stock Price: $81.31
10 Day Moving Average: $80.86
50 Day Moving Average: $82.73
200 Day Moving Average: $74.80
RSI: 49.5
MACD: -0.636
WH stock completed a bullish MACD crossover yesterday, while its RSI is still under 50, recovering from being oversold in mid-to-late November.
With their share price breaking out above their 10 Day Moving Average, their next test ~1.7% higher when they encounter the 50 Day MA.
The 10 Day is close in tow, meaning that WH stock looks to have a lot of strong momentum backing it up in the near-term.
If the price can break out above the 50 Day, the next test of resistance looks to be at the $83.47/share level.
Wyndham Hotels & Resorts Inc. WH Stock As A Long-Term Investment
Long-term oriented investors may find WH stock to be a great fit for their portfolio.
WH stock’s P/E(ttm) is 41.3, with a P/B of 6.9.
Their Quarterly Revenue Growth (mrq) was 47.8%.
WH stock’s balance sheet looks a bit iffy, with only $193M in Total Cash (mrq) & Total Debt (mrq) of $2.13B.
They offer a Dividend Yield of 0.79%, which although low, looks to be safe as their current Payout Ratio is 32%.
96% of WH stock’s total share float is held by institutional investors.
Wyndham Hotels & Resorts Inc. WH Stock As A Short-Term Trade Using Options
Short-term oriented traders may find Wyndham’s stock appealing, particularly with its current rate of momentum.
I am looking at the options contracts with the 1/21 expiration date.
The $80 & $85 strike priced call contracts look appealing in terms of being in or at the money, but lack open interest.
There seems to be more bullish sentiment ahead, as the open interest for the $90 calls far outpaces the two aforementioned.
The puts have also very limited open interest, adding to that general bullish sentiment.
The $85 & $90 puts would be where I would be looking at.
Tying It All Together
Wyndham Hotels & Resorts Inc. stock has many appealing attributes that traders & investors may be interested in as an addition to their portfolios.
Investors may like their industry/sector exposure, particularly now if they are able to get in at a low price for the long-run while COVID measures still have not played themselves out yet.
Traders will like their current rate of momentum, although their options are lacking in open interest.
Overall, WH stock is worth taking a closer look at, regardless of your time frame & trading style.
Novavax, Inc. stock trades under the ticker NVAX & has shown recent bullishness that traders & investors should take a closer examination of.
NVAX stock closed at $194.92/share on Thursday 12/16/2021.
Novavax, Inc. NVAX Stock’s Technicals Broken Down
NVAX Stock Price:$194.92
10 Day Moving Average: $172.28
50 Day Moving Average: $171.38
200 Day Moving Average: $193.15
RSI: 55.7
MACD: -0.374
Yesterday, NVAX stock had a bullish MACD crossover, while also breaking out above its 200 Day Moving Average.
Their trading volume has recently been about average for the last year, and their RSI is still neutral at <56.
The next level of resistance to test is the $203.80-level.
Novavax, Inc. NVAX Stock As A Long-Term Investment
Investors focused on holding stocks for the long-term may find NVAX stock appealing, particularly with its price growth Y-o-Y.
However, their valuation metrics are not terribly appealing, with no P/E (ttm) & a P/B of 27.3.
NVAX saw 13.9% Quarterly Revenue Growth Y-o-Y, which investors may find appealing.
Their balance sheet also looks appealing, with Total Cash (mrq) of $1.94B & Total Debt (mrq) of $458.8M.
NVAX stock does not offer an annual dividend.
50% of their total share float is held by institutional investors, and their beta is 1.27, meaning they move slightly more aggressively than the broader market indexes.
Novavax, Inc. NVAX Stock As A Short-Term Trade Using Options
Short-term oriented traders can use options in order to take advantage of NVAX stock’s current momentum.
I am looking at the contracts with the 1/21 expiration date.
The $200 & $210 calls each look appealing, and are both liquid with solid open interest levels.
The $220 & $230 puts also look appealing, although they have less open interest, implying that traders expect NVAX stock to continue climbing in the near-term.
Tying It All Together
Traders & investors will each find great attributes for NVAX stock that fit their styles.
Investors will like their balance sheet & long-term performance, particularly after their more recent split.
Traders will like their current momentum, as well as the liquidity of their options contracts that are about a month out.
All-in-all, it is worth taking a closer look at NVAX stock.
Still, they have 97.5% of their share float held by institutional investors.
Molina Healthcare, Inc. MOH Stock As A Short-Term Trade Using Options
Short-term traders can take advantage of MOH’s current momentum by trading options.
I am looking at the contracts with the 12/17 expiration dates.
The $300 & $310 calls look appealing, as do the $310 puts.
Neither the $320 nor $330 puts have open interest for this expiration date.
Given that there is expiration at the end of this week, the coming week may see different levels of open interest for the January contracts as people plan their 2022 trades.
Tying It All Together
Traders & investors alike should have reasons to like MOH stock’s current situation.
Investors will like their balance sheet & valuation metrics.
Traders will like their current momentum, as well as their technical set up for the near-term.
All-in-all, it is worth taking a closer look at Molina Healthcare, Inc. stock.
Wells Fargo & Co. stock trades under the ticker WFC & has shown recent bullishness that traders & investors should take a closer look into.
WFC stock closed at $50.20/share on Friday, 12/10/2021, with more momentum indicated in the near-term.
Wells Fargo & Co. WFC Stock’s Technicals Broken Down
WFC Stock Price: $50.20
10 Day Moving Average: $48.92
50 Day Moving Average: $49.38
200 Day Moving Average: $45.43
RSI: 53.25
MACD: -0.056
On Friday, WFC stock completed a bullish MACD crossover, while breaking out above their 50 Day Moving Average the day prior.
Their recent trading volumes have been about average for the year & with <1% between the 10 & 50 Day MA’s, there looks to be more momentum pushing them higher in the near-term.
The next level of resistance is at the $51.18 price level.
Wells Fargo & Co. WFC Stock As A Long-Term Investment
Investors may find WFC stock appealing in the long-term, with their appealing P/E(ttm) of 11.92 & a P/B of 1.19.
WFC stock saw 9% Quarterly Revenue Growth Y-o-Y, and moves relatively in-line with the market with a Beta of 1.31.
Their Balance Sheet also looks appealing, with Total Cash (mrq) of $479.73B & Total Debt (mrq) of $222.58B.
They also offer a safe dividend yield of 1%, with a low 11.88% Payout Ratio.
Wells Fargo & Co. WFC Stock As A Short-Term Trade Using Options
Short-term oriented traders can use options to take advantage of WFC’s current price momentum.
I am looking at the contracts with the 12/17 expiration date.
The $50 & 51 calls look interesting, both of which have higher open interest than the $49, which means that there is still bullish sentiment in general for WFC’s shareprice.
The $52 & $52.50 puts also look appealing, both with lower open interest than the calls mentioned above, confirming the bullish sentiment.
Tying It All Together
Overall, both traders & investors will find appealing attributes to WFC stock.
Investors will like WFC’s fundamentals, while traders will like their current momentum & liquidity within their options contracts.
Wells Fargo & Co. stock is worth taking a closer look at, regardless of your trading strategy.
This week looks to start off on a slow note, pending any overnight news, with no US economic data being presented until PPI numbers Tuesday morning.
Import price levels will be interesting to see, especially given that ports are still backed up & going to unique unloading strategies to account for winter weather.
While ships will be using less fuel by traveling slower from Asia, there will be additional costs as many of these journeys are now 7-10 days longer than normal.
Wednesday also has the homebuilder index numbers, and the FOMC announcement, and Thursday will shed light into unemployment, housing starts, as well as manufacturing data such as the PMI.
QQQ ETF – Invesco QQQ Trust ETF
Last week the NASDAQ gapped back up to around the levels it was at at the end of November.
Volume got back above the year’s average, but their MACD is still bearish/flattening out, with the 10 Day Moving Average just below the bottom range of Friday’s low price.
SPY ETF – SPDR S&P 500 ETF
SPY looks to have more momentum, with a bullish MACD crossover last week on slightly above average volume, settling in for the week <1% off of all time highs.
However, it will be interesting to see if this climb can continue on into a Christmas rally.
US Home Construction (ITB), Rare Earth/Strategic Metals (REMX), Healthcare (CURE) & Consumer Goods (UGE) ETFs All Leading The Way Bullishly
US Home Construction ETF ITB is showing expectations that the homebuilder data this week will be good, as it continues its bullish climb.
ITB ETF – iShares U.S. Home Construction ETF
Look for their RSI to drop a bit in the near-term, as it is currently overbought at 73.
Three of their last 4 sessions have closed lower than they opened, which is an interesting sentiment point, but their MACD looks strong still.
REMX, an ETF that tracks companies that produce, mine & refine rare earth & strategic metals has had a strong year.
While they’ve stalled out a bit in this current quarter, there may be a good entry point for a position in the near-future, with the 10 Day MA being bullishly crossed by their price level Friday.
CURE, the Direxion Daily Healthcare Bull 3X Shares ETF has had a strong year, including 7 consecutive days of gains.
With an RSI that is still relatively neutral/beginning to look overbought, there looks to be more near-term momentum for this & other similar names.
Their recent volumes have been slightly above average as well, with a bullish MACD crossover in the middle of last week also there to provide additional upward momentum.
UGE has also had a solid year, with a 44% increase excluding dividends.
UGE ETF – ProShares Ultra Consumer Goods ETF
While volumes recently have been low, their MACD appears to begin to be turning bullish, which paired with a neutral RSI could set them up for solid short-term momentum.
China Internet (CWEB), Physical Palladium (PALL), Fallen Knives (NIFE) & Emerging Market eCommerce (EWEB) ETFs Have All Lagged Bearishly
CWEB, the Direxion Daily CSI China Internet Index Bull 2X ETF has had a difficult year, losing ~75% of its share price in the last year.
CWEB ETF – Direxion Daily CSI China Internet Index Bull 2X ETF
Volume has increased substantially for CWEB since mid-summer, and there could be a change in price direction in the near-term, with a bullish MACD crossover impending, and an oversold RSI.
Physical Palladium names have also had a difficult year, with the end of November & early-December seeing more losses.
PALL ETF – Aberdeen Standard Physical Palladium Shares ETF
Two gaps down to end the last week looks like they may still have more pain in the near-term, however they have not fallen to the lows that they saw in late November, and have an oversold RSI.
NIFE is an ETF that tracks stocks that have recently fallen, but have strength in their financials that can make them rebound to outperformance.
NIFE ETF – Direxion Fallen Knives ETF
What is interesting about NIFE is that they offer a 5.76% dividend yield, which is higher than most names that we cover in this section.
Their MACD is beginning to look healthier, but it is tough to say if this will be able to turn around in the near-term or not based on their overly light volume of recent.
They also tend to move in gaps up or down, which also makes it a bit speculative.
EWEB ETF is another under-performer for the year, which tracks emerging markets internet & eCommerce stocks.
Emerging markets have been an area of concern in many sectors this year, with EWEB’s holdings being no different.
EWEB ETF – Global X Emerging Markets Internet & eCommerce ETF
This ETF may get some upward momentum in the near-term courtesy of their MACD about to crossover bullishly, and their RSI is oversold.
However, most of the last 4-5 months has been on extremely light trading volume when compared with the rest of the year’s chart, signaling that the sentiment there is still somewhat a “wait & see”.
Tying It All Together
This week will be interesting as markets will have a lot of data to digest, as well as updates related to COVID variants.
I will be most interested in seeing what types of trading volumes we see, with people beginning to prepare for the holidays, while also trimming gains or losses from 2021’s returns.
Overall, it looks to be an interesting week ahead.
*** I DO NOT OWN SHARES OR OPTIONS CONTRACTS FOR ANY OF THE ETFs LISTED ABOVE ***
