Canadian National Rail Co. stock trades under the ticker CNI & has shown recent bullishness that traders & investors should take a closer look at.
CNI stock closed at $123.43/share on 1/7/2022.
Canadian National Rail Co. CNI Stock’s Technicals Broken Down
CNI Stock Price: $122.09 (at time of chart above’s screenshot)
10 Day Moving Average: $122.02
50 Day Moving Average: $126.98
200 Day Moving Average: $115.37
RSI: 44.7
MACD: -1.4
CNI stock completed a bullish MACD crossover on Friday, on relatively average trading volume compared to the year prior.
The broader market volatility is not going to exclude them, which may open up entry opportunities for investors, and trade opportunities for traders.
CNI stock will need to break through the $123.85 & $124.56 levels of resistance to carry on momentum.
Canadian National Rail Co. CNI Stock As A Long-Term Investment
CNI stock may be an appealing fit for some investor’s portfolios.
Their P/E (ttm) is 24.7, with a P/B of 5.34.
CNI stock saw a 5.3% increase in Quarterly Revenue Growth Y-o-Y.
Their balance sheet will need some further review though, with $2.19B in Total Cash (mrq) & $13.99B in Total Debt (mrq).
CNI stock offers a 1.96% dividend yield, that looks safe with a 36.5% payout ratio.
78% of CNI’s total share float is held by institutional investors.
Canadian National Rail Co. CNI Stock As A Short-Term Trade Using Options
Canadian National Rail Co. stock has options, which enable traders to benefit from changes in price in either direction, which can be beneficial durring market volatility.
I am looking at the contracts with the 1/21 expiration date.
The $115, $120 & $125 call options are all appealing, although somewhat illiquid with open interest for each strike price being in the 400-700 range.
The $125 puts have the most open interest, with 2,251 contracts outstanding, showing traders are not bullish beyond the $125/share point.
The $130 & $135 puts also look appealing, although much less liquid than the $125’s.
Tying It All Together
Canadian National Rail Co. stock is certainly worth taking a closer look at, regardless of your trading or investing style.
Investors will like their dividend structure, although it is advised to look closer at their balance sheet before determining if it is investment-worthy for you or not.
Traders will like their current momentum, as well as the volatility that has been kicking up in 2022, increasing the opportunities to earn profits.
All-in-all, CNI stock is worth doing some more homework on.
*** I DO NOT OWN SHARES OF CNI STOCK ***