Canadian National Rail Co. stock trades under the ticker CNI & has shown recent bullishness that traders & investors should research further into.
CNI stock closed at $111.15/share on 10/17/2022.
Canadian National Rail Co. CNI Stock’s Techncial Performance Broken Down
CNI Stock Price: $111.15
10 Day Moving Average: $110.32
50 Day Moving Average: $117.91
200 Day Moving Average: $118.76
RSI: 47.15
MACD: -2.351
Yesterday, CNI stock completed a bullish MACD crossover, on a +3.85% day.
Recent trading volumes have been below average compared with the year prior, and their RSI is still neutral, signaling that there is uncertainty about how to value CNI stock in this market.
CNI stock has support at the $110.32 & $108.12/share price levels, as they try to break out & above the $114.33 & $114.72/share resistance points.
Canadian National Rail Co. CNI Stock As A Long-Term Investment
Long-term oriented investors will like CNI stock’s 20.31 P/E (ttm), but may find their 4.64 P/B (mrq) to be a bit rich.
They recently reported 20.7% Quarterly Revenue Growth Y-o-Y, with 27.9% Quarterly Earnings Growth Y-o-Y.
Investors may want to look closer into the structure of their balance sheet before investing, with $491M of Total Cash (mrq) & $14.83B of Total Debt (mrq).
CNI stock pays a 2.52% dividend, which appears stable in the long-run, as their payout ratio is 37%.
74.2% of CNI stock’s outstanding share float is owned by institutional investors.
Canadian National Rail Co. CNI Stock As A Short-Term Trade Using Options
Short-term focused traders can use options to profit from movements in CNI stock, while also protecting their portfolios from volatility.
I am looking at the contracts with the 11/18 expiration date.
The $100, $110 & $105 call options are all in-the-money, listed from highest to lowest level of open interest.
The $115, $120 & $130 puts are also all in-the-money, with the former being more liquid than the latter strikes.
Tying It All Together
CNI stock has many interesting charactertistics that traders & investors should investigate further.
Investors will like their dividend yield & valuation metrics, but may want to review their balance sheet more thoroughly before investing.
Traders will like their current technical performance & the liquidity of their options.
Overall, it is worth taking a closer look into CNI stock to see how it fits into your portfolio strategy.
*** I DO NOT OWN SHARES OF CNI STOCK AT THE TIME OF PUBLISHING THIS ARTICLE ***