Bancolombia SA CIB Stock Analysis

Bancolombia SA stock trades under the ticker CIB & has shown recent bullishness that traders & investors should take a closer look at.

CIB stock closed at $34.30/share on 12/1/2021, with additional near-term momentum to come in the coming days.

Bancolombia SA CIB Stock’s Technicals Broken Down

Bancolombia SA CIB Stock's Technical Performance Over The Last Year

CIB Stock Price:$34.30

10 Day Moving Average: $31.23

50 Day Moving Average: $34.10

200 Day Moving Average: $31.98

RSI: 60.5

MACD: -0.797

Yesterday, CIB completed a bullish MACD crossover, while maintaining a relatively neutral RSI at 60.5.

Their price gapped up 7.7%, bullishly crossing over all 3 of their moving averages listed above.

This signals that they’ve got more momentum to climb in the near-term as they begin to establish a new price range.

Their next resistance test will be at the $36.36-level.

Bancolombia SA CIB Stock As A Long-Term Investment

Investors focused on the long-term may find CIB stock appealing.

CIB’s P/E (ttm) is 12.04, which is modest, and their P/B is 0.97, both of which a low valuation metrics.

Their Quarterly Revenue Growth Y-o-Y is 75.9%.

CIB’s Total Cash (mrq) is $5.7B, and their % Institutional Ownership is 27.6%.

They also offer a dividend yield of 1.42%, which looks very stable with a 17% payout ratio.

Bancolombia SA CIB Stock As A Short-Term Trade Using Options

Short-term oriented traders can use options to take advantage of CIB stock’s current momentum, while also hedging off broader market volatility.

I am looking at the contracts with the 12/17 expiration date.

The $30 & $35 calls look interesting, with low implied volatility on the $35’s.

There is very limited interest on the puts, with the $35 contracts having open interest of 9 and the $40’s having none, signaling that the markets seem to think that CIB will continue to climb in the near-term.

Tying It All Together

Overall, traders and investors will find CIB’s stock to be appealing for different reasons.

In the near-term, they look to have technical strength that should continue propelling their price level higher.

Investors will find their valuation appealing, as well as their safe dividend yield.

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


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