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
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 ***