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Weekly Stock & ETF Market Outlook 4/24/2022

Last week’s market events were primarily driven by earnings & weakness in news, as well as anticipated tightening of interest rates to combat inflation.

SPY, the SPDR S&P 500 ETF continued its choppy 2022, closing down in 4 of 5 sessions as investors tried sorting out what is going to come next for stocks & the economy.

SPY ETF - SPDR S&P 500 ETF's Technical Performance Over The Last Year — SPY ETF – SPDR S&P 500 ETF

TQQQ, the ProShares UltraPro QQQ ETF that tracks the performance of the NASDAQ also struggled all week.

TQQQ ETF - ProShares UltraPro QQQ ETF's Technical Performance Over The Last Year — TQQQ ETF – ProShares UltraPro QQQ ETF

This week looks to be about the same catalysts as last, with more of a focus on technology names in the earnings department.

Let’s take a closer look at some of the best & worst performing ETFs by sector/geo-location for this week.

Corn (CORN), 20+ Year Treasuries (TBF), Soybeans (SOYB) & North American Pipelines (TPYP) Bullishly Lead The Markets

CORN, the Teucrium Corn Fund ETF has been on a steady climb since September 2021, and has finally cooled off over the last 3 days.

CORN ETF - Teacrium Corn Fund ETF's Technical Performance Over The Last Year — CORN ETF – Teucrium Corn Fund ETF

Based on their MACD & RSI, there looks to be a bit of voliatlity in store for them in the near-term, which is also supported by their recent above average trading volume levels.

There may be room for an entry into a new position soon, and with their options there looks to be many other opportunities for traders to profit as they establish a new price range after such rapid growth.

TBF, the ProShares Short 20+ Year Treasury ETF has enjoyed steady growth since December 2021’s lows.

TBF ETF - ProShares Short 20+ Year Treasury ETF's Technical Performance Over The Last Year — TBF ETF – ProShares Short 20+ Year Treasury ETF

Their MACD is beginning to curl bearishly, and their RSI is at overbought territory, signaling that there may be some near-term volatility in store.

TBF’s trading volumes have been above average recently compared to the year prior, signaling that traders have confidence in the ETF – trading options would be a wise move to safely take some profits from their current momentum.

SOYB, the Teucrium Soybean Fund ETF has also enjoyed steady growth since November os 2021, but looks to be currently cooling off.

SOYB ETF - Teucrium Soybean Fund ETF's Technical Performance Over The Last Year — SOYB ETF – Teucrium Soybean Fund ETF

Their MACD is beginning to roll over bearishly, although their RSI is re-approaching neutral (50) & they look to have investor confidence based on their recent above average trading volumes.

TPYP, the Tortoise North American Pipeline Fund ETF has also been steadily climbing over the last year, until the last two trading sessions where it began to sell off.

TPYP ETF - Tortoise North American Pipeline Fund ETF's Technical Performance Over The Last Year — TPYP ETF – Tortoise North American Pipeline Fund ETF

TPYP’s RSI was in need of a price shakeout, going from being overbought in the 70’s down to 54 over the last few days.

With a bearish MACD & no options contracts, the 3.4% dividend can be used as a cushion should the price continue lower.

Cloud Computing (SKYY), Entrepreneurs (ENTR), IPO’s (IPO) & Chindia (FNI) Bearishly Lagging The Markets

SKYY, the First Trust Cloud Computing ETF has not performed well as we have entered the rate tightening cycle.

SKYY ETF - First Trust Cloud Computing ETF's Technical Performance Over The Last Year — SKYY ETF – First Trust Cloud Computing ETF

Their RSI is approaching oversold territory, but their MACD still looks bearish – they do have options contracts that can be used to profit alongside a long-position while the price comes down, as well as a 1.1% dividend.

ENTR, the ERShares Entrepreneur 30 ETF is in a similar position, but has suffered from having much less trading volume than SKYY.

ENTR ETF - ERShares Entrepreneur 30 ETF's Technical Performance Over The Last Year — ENTR ETF – ERShares Entrepreneur 30 ETF

While ENTR does not have options to trade, they do offer a modest dividend that can be used as a cushion if entering a long-position.

However, their MACD & RSI do not appear level enough to safely begin thinking about that.

IPO, the Renaissance IPO ETF has continued moving downwards since November; also with a bearish MACD & oversold RSI.

IPO ETF - Renaissance IPO ETF's Technical Performance Over The Last Year — IPO ETF – Renaissance IPO ETF

Their performance is also going to be tied heavily to interest rates & market liquidity, making this a name to be using options for as a safety net.

FNI, the First Trust ISE Chindia Index ETF has been steadily falling since a year ago, with very low volume levels.

FNI ETF - First Trust ISE Chindia Index ETF's Technical Performance Over The Last Year — FNI ETF – First Trust ISE Chindia Index ETF

While their shares have tried to bounce in the last 2 months, there still looks to be a lot of weakness in this name.

Tying It All Together

All eyes will be set on earnings calls this week, as markets seek to rebound from a weak week prior.

Investors will be eager not just to hear about the performance of their holdings, but also to gain clues into the market landscape that may impact their stocks & the broader market in general.

Volumes will be important to keep a closer eye on, as they will give clues about the investor sentiment both in individual names, as well as in sector-specific ETFs.

Check back next week to see how different sectors fared in our next weekly review!

*** I DO NOT OWN SHARES OF SPY, TQQQ, CORN,TBF, SOYB, TPYP, SKYY, ENTR, IPO OR FNI AT THE TIME OF WRITING THIS ARTICLE ***

Electronic Arts Inc. EA Stock Analysis

Electronic Arts, Inc. stock trades under the ticker EA & has shown recent bullish behavior that traders & investors should take a closer look into.

EA stock closed at $128.09/share on 4/22/2022.

Electronic Arts Inc. EA Stock’s Technicals Broken Down

Electronic Arts Inc. EA Stock's Technical Performance Over The Last Year

EA Stock Price: $128.09

10 Day Moving Average: $123.72

50 Day Moving Average: $126.42

200 Day Moving Average: $133.77

RSI: 58.04

MACD: -0.566

On Friday, EA stock completed a bullish MACD crossover, on a second straight day of gains on above average volume compared to the year prior.

With their RSI still under 60, there looks to be more momentum to come in the near-term to push their share price higher.

They will need to test & break out above the $128.55, $128.73 & $128.87/share resistance levels as they continue to climb higher.

Electronic Arts Inc. EA Stock As A Long-Term Investment

Long-term oriented investors may find EA stock’s valuation metrics to be a bit high, although given the nature of their industry that is to be expected.

EA stock has a 54.98 P/E (ttm) & a 4.53 P/B (mrq).

They recently reported 6.9% Quarterly Revenue Growth Y-o-Y.

EA stock’s balance sheet looks appealing, with $3.02B in Total Cash (mrq) & Total Debt (mrq) of $2.24B.

EA stock pays a 0.56% dividend yield, which appears to be stable in the long-run as their payout ratio is only 30.5%.

92.7% of EA stock’s outstanding share float is owned by institutional investors.

Electronic Arts Inc. EA Stock As A Short-Term Trade Using Options

EA stock has options that short-term oriented traders can use to profit from price movements in any direction, while hedging their portfolios against broader market volatility.

I am looking at the contracts with the contracts with the 4/29 expiration date.

The $126, $127 & $128 call options all look appealing, although they have open interest of under 100 contracts each.

The $129, $130 & $133 puts also look interesting, but are even less liquid, with very low levels of open interest.

Tying It All Together

Long-term oriented investors will like EA stock’s balance sheet & valuation metrics, but may be disappointed by their low dividend yield.

Short-term focused traders will like EA stock’s current momentum, but may be disappointed in the liquidity of their options.

All-in-all EA stock is worth taking a closer look at to see how it can fit into your portfolio’s strategy.

*** I DO NOT OWN SHARES OF EA STOCK AT THE TIME OF WRITING THIS ***

Westamerica Bancorp WABC Stock Analysis

Westamerica Bancorp stock trades under the ticker WABC & has shown recent bullish behavior that traders & investors should take a closer look at.

WABC closed at $61.30/share on 4/22/2022.

Westamerica Bancorp WABC Stock’s Technicals Broken Down

Westamerica Bancorp WABC Stock's Technical Performance Over The Last Year

WABC Stock Price: $61.30

10 Day Moving Average: $59.52

50 Day Moving Average: $60.07

200 Day Moving Average: $57.05

RSI: 58.4

MACD: -0.087

On Friday, WABC stock completed a bullish MACD crossover, on its third consecutive day of gains amidst a volatile broader market landscape.

Their recent trading volume has been above average compared to the year prior, and with an RSI still below 60 there looks to be more momentum behind them.

They will need to break above the $61.55, $61.77 & $62.15 resistance levels as they climb higher.

Westamerica Bancorp WABC Stock As A Long-Term Investment

Long-term oriented investors will like WABC stock’s valuation metrics, with a P/E (ttm) of 18.34 & a P/B (mrq) of 1.92.

They recently reported -5.4% Quarterly Revenue Growth Y-o-Y, with -8.9% Quarterly Earnings Growth Y-o-Y.

WABC stock’s balance sheet looks appealing, with $1.13B in Total Cash (mrq)& $164.23M in Total Debt (mrq).

WABC stock pays a 2.73% dividend yield, which looks to be stable in the long-run, with a 51% payout ratio.

77.5% of WABC stock’s outstanding share float is held by institutional investors.

Westamerica Bancorp WABC Stock As A Short-Term Trade Using Options

Short-term oriented traders can use options to profit from movements in WABC stock, while hedging against broader market volatility.

I am looking at the contracts with the 5/20 expiration date.

The $60 & $65 calls look appealing, but illiquid; looking out to the 6/17 expiration date there are more liquid $60 calls as well.

There is very limited open interest for puts, making it better to look out until 7/15’s expiration date, where the $60 puts look appealing.

Tying It All Together

WABC stock looks appealing to long & short-term traders alike.

Investors will find their valuation, balance sheet & dividend yield appealing, but may have questions about their future growth prospects.

Traders will like their current momentum path, but may be disappointed by how illiquid their options are currently.

Overall, WABC stock is worth taking a look at to see how it blends into your portfolio strategy.

*** I DO NOT OWN SHARES OF WABC STOCK AT THE TIME OF WRITING THIS ***

Wintrust Financial Corp. WTFC Stock

Wintrust Financial Corp. stock trades under the ticker WTFC & has recently shown bullish behavior that traders & investors should take note of.

WTFC stock closed at $92.57/share on 4/19/2022.

Wintrust Financial Corp. WTFC Stock’s Technicals Broken Down

Wintrust Financial Corp. WTFC Stock's Technical Performance Over The Last Year

WTFC Stock Price: $92.57

10 Day Moving Average: $89.65

50 Day Moving Average: $94.95

200 Day Moving Average: $86.68

RSI: 51.47

MACD: -1.36

Yesterday, WTFC stock completed a bullish MACD crossover, gapping up 3.65% & crossing over its 10 day moving average.

With recent trading volume being about average compared to the year prior, and a neutral RSI at 51.5, WTFC stock has more short-term momentum to come.

As they are currently at $96 in pre-market trading when I write this, they will need to break above the $96.48, $96.53 & 96.78 resistance points.

Wintrust Financial Corp. WTFC Stock As A Long-Term Investment

Long-term oriented investors will like WTFC stock’s valuation metrics, with a P/E (ttm) of 11.69 & a P/B (mrq) of 1.24.

They recently reported 0.6% Quarterly Revenue Growth Y-o-Y, with -2.4% Quarterly Earnings Growth Y-o-Y.

Their balance sheet also looks appealing, with $6.65B in Total Cash (mrq) & Total Debt (mrq) of $2.88B.

WTFC stock pays a 1.39% dividend yield, which looks sustainable in the long-run as their payout ratio is only 16.4%.

92.4% of WTFC stock’s outstanding share float is held by institutional investors.

Wintrust Financial Corp. WTFC Stock As A Short-Term Trade Using Options

Short-term oriented traders can use options to profit from WTFC stock’s price movements while hedging against broader market volatility.

I am looking at the contracts with the 5/20 expiration date.

The $85, $90 & $95 calls all look appealing, but are very illiquid, with only 272 contracts of open interest between them collectively.

Their puts are not in-the-money at this expiration date, minus the highly illiquid $105 strikes.

There are 6/17 $85, $90 & $95 puts that are also very illiquid, but closer to being in-the-money.

Tying It All Together

WTFC stock will be liked by long-term focused investors, as they have a modest valuation, strong balance sheet numbers & a small, but stable dividend yield.

Traders will like their current momentum, but may be disappointed by the lack of liquidity in their options contracts.

WTFC stock is worth taking a closer look into, regardless of your portfolio management strategy.

*** I DO NOT OWN SHARES OF WTFC STOCK AT THE TIME OF WRITING THIS ***

Mueller Industries Inc. MLI Stock

Mueller Industries Inc. stock trades under the ticker MLI & has recently shown bullishness that traders & investors should take a closer look into.

MLI stock closed at $56.32/share on 4/19/2022.

Mueller Industries Inc. MLI Stock’s Technicals Broken Down

Mueller Industries Inc. MLI Stock's Technical Performance Over The Last Year

MLI Stock Price: $56.32

10 Day Moving Average: $52.74

50 Day Moving Average: $56.00

200 Day Moving Average: $51.02

RSI: 55.99

MACD:-0.876

Yesterday, MLI completed a bullish MACD crossover, while breaking out above its 10 & 50 day moving averages.

With an RSI still in the 50’s & recent trading volumes being about average compared to the year prior, MLI stock looks to still have momentum in the near-term.

They will need to break above the $56.78, $56.99, $57.20 & $57.54 resistance levels.

Mueller Industries Inc. MLI Stock As A Long-Term Investment

Long-term oriented investors will find MLI stock’s valuation metrics attractive, with a P/E (ttm) of 6.44 & a 2.49 P/B (mrq).

MLI recently reported 41.5% Quarterly Revenue Growth Y-o-Y, and 244.9% Quarterly Earnings Growth Y-o-Y.

MLI stock’s balance sheet also looks appealing, with $87.92M in Total Cash (mrq) & $24.99M in Total Debt (mrq).

While modest, MLI offers a sustainable 0.99% dividend yield, that has a low 6.3% payout ratio.

92.27% of MLI stock’s outstanding share float is held by institutional investors.

Mueller Industries Inc. MLI Stock As A Short-Term Trade Using Options

Short-term focused traders can use options to profit from price movements in MLI stock, regardless of which direction it moves in.

I am looking at the contracts with the 5/20 expiration date.

The $50, $55 & $60 call options look interesting, but are very illiquid with 53 contracts of open interest collectively.

The $55 puts are the only ones that are at-the-money until we look at the 6/17 expiration date, which does have some in-the-money strike price liquidity.

For the 6/17 expiration, the $60 & $65 puts look worth looking into.

Tying It All Together

MLI stock will be appealing to long-term focused investors, as they have favorable valuation metrics & balance sheet numbers, and a healthy (but small) dividend.

Traders will like their current momentum, but may be disappointed by their options’ liquidity.

Overall, MLI stock is worth taking a closer look into, regardless of your trading style.

*** I DO NOT OWN SHARES OF MLI STOCK AT THE TIME OF WRITING THIS ***

Mr. Cooper Group Inc. COOP Stock Analysis

Mr. Cooper Group Inc. stock trades under the ticker COOP & has shown recent bullish behavior that traders & investors should take a closer look into.

COOP stock closed at $45.06/share on 4/18/2022.

Mr. Cooper Group Inc. COOP Stock’s Technicals Broken Down

Mr. Cooper Group Inc. COOP Stock's Technical Performance Over The Last Year

COOP Stock Price: $45.06

10 Day Moving Average: $42.29

50 Day Moving Average: $46.55

200 Day Moving Average: $41.80

RSI: 51.9

MACD: -1.255

Yesterday, COOP stock completed a bullish MACD crossover, on its 4th straight day of gains from April’s low price.

With slightly above average trading volume compared to the year prior & a neutral RSI, there looks to be more near-term momentum for COOP stock to continue climbing.

They will need to test & break out above the $45.24, $45.92 & $46.31 resistance levels as they continue to climb.

Mr. Cooper Group Inc. COOP Stock As A Long-Term Investment

Long-term oriented investors will like COOP stock’s valuation metrics, with a P/E (ttm) of 2.62 & a P/B (mrq) of 0.97.

Investors may be concerned by the -33.8% reported quarterly revenue growth Y-o-Y, as well as COOP’s -18.8% quarterly earnings growth Y-o-Y drop.

Their balance sheet may also be an area for concern that will require a closer examination, as they report $1.03B in Total Cash (mrq), with $9.29B in Total Debt (mrq).

COOP stock does not pay a dividend, but still enjoys 87% of its share float being held by institutional investors.

Mr. Cooper Group Inc. COOP Stock As A Short-Term Trade Using Options

Traders focused on the near-term can use options to profit from price movements in Mr. Cooper Group Inc.’s share price.

I am looking at the contracts with the 5/20 expiration.

The $35, $40 & $45 calls all look appealing, although only the latter has open interest levels above 500 (5,441 for $45).

The $70, $60 & $50 puts also look good, although they are less liquid than the calls mentioned above, which may bother some traders.

Tying It All Together

Overall, COOP stock is worth taking a closer look at regardless of your trading style.

Investors will like their valuation metrics, but may be disappointed by their balance sheet & lack of a dividend.

Traders will like their current momentum, but may not like the open interest levels on their options contracts.

Check out more information on COOP stock to see if it is right for your portfolio!

*** I DO NOT OWN SHARES OF COOP STOCK ***

American Equity Investment Life Holding Company AEL Stock

American Equity Investment Life Holding Company stock trades under the ticker AEL & has shown recent bullish behavior that traders & investors should take a closer look into.

AEL stock closed at $39.11/share on 4/18/2022.

American Equity Investment Life Holding Company AEL Stock’s Technicals Broken Down

American Equity Investment Life Holdings AEL Stock's Technical Performance Over The Last Year

AEL Stock Price: $39.11

10 Day Moving Average: $38.21

50 Day Moving Average: $39.36

200 Day Moving Average: $35.41

RSI: 51.55

MACD: -0.231

Yesterday, AEL stock completed a bullish MACD crossover, trading on about average volume compared to the year prior, on a day that was light trading volume across the S&P 500.

Their share price tested their 50 day moving average, but was unable to close above it & their RSI is still neutral at 51.6.

They need to re-test & break above the $39.46, $39.65 & $40.43/share resistance levels.

American Equity Investment Life Holding AEL Stock As A Long-Term Investment

Long-term oriented investors will find AEL stock’s valuation metrics appealing, with an 8.6 P/E (ttm) & a 0.6 P/B (mrq).

AEL stock has recently reported 7.7% Quarterly Revenue Growth Y-o-Y, with 956.4% Quarterly Earnings Growth Y-o-Y.

Investors should be especially fond of AEL stock’s balance sheet, where they have $4.51B in Total Cash (mrq), with only $574.7M in Total Debt (mrq).

AEL stock pays a modest 0.87% dividend yield, which looks sustainable in the long run, as their payout ratio is only 7.5%.

American Equity Investment Life Holding AEL Stock As A Short-Term Trade Using Options

Short-term oriented traders can use options to profit from price movements in AEL stock.

I am looking at the contracts with the 5/20 expiration date.

The $30, $35 & $40 call options all look appealing, but are rather low in liquidity as their total Open Interest is 122.

The $40, $45 & $50 puts also look good, but suffer from similar low levels of open interest, which may put off some traders.

Tying It All Together

All-in-all, AEL stock is worth taking a closer look at to see if it fits into your portfolio strategy.

Investors will like their valuation & balance sheet, but may be disappointed by their low dividend yield (although it is stable).

Traders will like their current technicals, but will be disappointed by their low liquidity levels.

AEL stock is worth further research, regardless of how your trade or invest.

*** I DO NOT OWN SHARES OF AEL STOCK AT THE TIME OF WRITING THIS POST ***

Walker & Dunlop Inc. WD Stock Analysis

Walker & Dunlop Inc. stock trades under the ticker WD & has shown recent bullish behavior that traders & investors should take a closer look into.

WD stock closed at $130.32/share on 4/14/2022.

Walker & Dunlop Inc. WD Stock’s Technicals Broken Down

Walker & Dunlop Inc. WD Stock's Technical Performance Over The Last Year

WD Stock Price: $130.32

10 Day Moving Average: $128.31

50 Day Moving Average: $134.33

200 Day Moving Average: $126.36

RSI: 48.3

MACD: -1.821

On Thursday, WD stock completed a bullish MACD crossover, while also breaking out above its 10 day moving average.

Their recent trading volumes were above average, compared with the year prior.

They will need to re-test & break above the $130.76, $131.55 & $132 resistance levels.

Walker & Dunlop Inc. WD Stock As A Long-Term Investment

Long-term oriented investors will find WD stock’s valuation metrics appealing, with a P/E (ttm) of 15.63 & a P/B (mrq) of 2.72.

WD stock recently reported 17.8% Quarterly Revenue Growth Y-o-Y.

Their balance sheet will require a closer review, with Total Cash (mrq) of $343M & Total Debt (mrq) of $7.72B.

WD stock’s 1.56% dividend yield looks to be stable for the long-term, as their payout ratio is only 24.5%.

72.7% of WD stock’s outstanding share float is held by institutional investors.

Walker & Dunlop Inc. WD Stock As A Short-Term Trade Using Options

Short-term oriented traders can use options to hedge against market volatility, while still profiting from WD stock’s price movements.

I am looking at the 5/20 expiration dated contracts.

The $120, $125 & $130 calls all look good, although they are very illiquid.

The $135, $140 & $145 puts also look appealing, but suffer from the same low levels of open interest.

Tying It All Together

All-in-all, WD stock is worth taking a closer look into, regardless of your trading style.

Investors will like their valuation metrics, as well as their sustainable dividend.

Traders will like their current momentum, but be disappointed in their lack of liquidity in their options.

WD stock warrants a closer look by traders & investors, to see if it is a good fit for their portfolio.

*** I DO NOT OWN SHARES OF WD STOCK AT THE TIME OF PUBLISHING THIS ***

Choice Hotels Intl. Inc. CHH Stock

Choice Hotels Intl. Inc. stock trades under the ticker CHH & has shown recent bullish behavior that traders & investors should research further.

CHH stock closed at $142.07/share on 4/14/2022.

Choice Hotels Intl. Inc. CHH Stock’s Technicals Broken Down

Choice Hotels Intl. Inc. CHH Stock's Technical Performance Over The Last Year

CHH Stock Price: $142.07

10 Day Moving Average: $138.65

50 Day Moving Average: $141.16

200 Day Moving Average: $135.34

RSI: 54.43

MACD: -0.645

On Thursday, CHH stock completed a bullish MACD crossover, while gapping up above its 10 day moving average.

It has traded on above average volume over the last few weeks compared to the year prior, and with an RSI in the 50’s there looks to be more near-term momentum.

CHH stock will need to break out above the $142.67, $143.15 & $143.67 resistance levels.

Choice Hotels Intl. Inc. CHH Stock As A Long-Term Investment

Long-term focused investors may find CHH stock’s P/E (ttm) appealing at 26.2, but will find their 28.14 P/B(mrq) to be too high.

They recently reported 47% Quarterly Revenue Growth Y-o-Y, with 714% Quarterly Earnings Growth Y-o-Y.

CHH stock’s balance sheet may warrant a closer review, with Total Cash (mrq) of $511.6M & Total Debt (mrq) of $1.11B.

They offer a 0.49% dividend, which looks safe as their payout ratio is a modest 13.5%.

58.5% of CHH stock’s outstanding share float is held by institutional investors.

Choice Hotels Intl. Inc. CHH Stock As A Short-Term Trade Using Options

Short-term oriented traders can use options to profit from price movements in CHH stock.

I am looking at the contracts with the 5/20 expiration date.

The $135, $140 & $145 calls all look appealing, but are very illiquid.

The $150, $145 & $140 puts also look good, but have even lower levels of open interest.

Tying It All Together

Overall, CHH stock is an interesting potential addition to any portfolio.

Traders will like their current momentum path, but may be disappointed by the open interest levels of their options contracts.

Investors will like their P/E (ttm) & the stability of their dividend yield, but will wish that their yield was higher.

CHH stock is worth taking a closer look into, regardless of your trading style.

*** I DO NOT OWN SHARES OF CHH STOCK AT THE TIME OF PUBLISHING THIS ***

Boise Cascade Co. BCC Stock Analysis

Boise Cascade Co. stock trades under the ticker BCC & has shown recent bullish activity that traders & investors should take a closer look into.

BCC stock closed at $73.43/share on 4/13/2022.

Boise Cascade Co. BCC Stock’s Technicals Broken Down

Boise Cascade Co. BCC Stock's Technical Performance Over The Last Year

BCC Stock Price: $73.43

10 Day Moving Average: $69.65

50 Day Moving Average: $76.17

200 Day Moving Average: $63.28

RSI: 51.33

MACD: -1.712

Yesterday, BCC stock completed a bullish MACD crossover, gapping up 2.92%.

Their trading volume has been about average compared to the year prior over the last week.

They will need to test & break out above the $75.35, $76.38 & $79.10 resistance levels as they continue climbing higher, as well as break through their 50 day MA.

Boise Cascade Co. BCC Stock As A Long-Term Investment

Long-term oriented investors will find BCC stock’s P/E (ttm) appealing at 3.79, with a fair P/B (mrq) of 1.99.

They recently reported Quarterly Revenue Growth Y-o-Y of 21.1%, with 550.3% Quarterly Earnings Growth Y-o-Y.

BCC stock’s balance sheet looks appealing as well, with Total Cash (mrq) of $748.9M & Total Debt (mrq) of $544.47M.

BCC stock pays a modest 0.59% dividend yield, which appears to be very sustainable as their payout ratio is 2.34%.

94.7% of BCC stock’s outstanding share float is held by institutional investors.

Boise Cascade Co. BCC Stock As A Short-Term Trade Using Options

Short-term focused traders can use options to profit from BCC stock’s price movements & hedge against market volatility.

I am looking at the contracts with the 5/20 expiration date.

The $70, $72.50, $75 & $77.50 call options all look appealing, although relatively illiquid.

This may change in the coming days, as today is the April contracts’ expiration date.

The $77.50, $80 & $82.50 puts also look appealing, and should see more open interest in the coming days.

Tying It All Together

Overall, BCC stock has many attributes that will appeal to traders & investors.

Investors will like their balance sheet, but may be disappointed by the size of their modest dividend.

Traders will like their current momentum, but may be disappointed in the open interest levels of their options contracts at the moment.

BCC stock is worth taking a closer look at, regardless of your trading style.

*** I DO NOT OWN SHARES OF BCC STOCK AT THE TIME OF WRITING THIS POST ***