Colfax Corp. CFX Stock & Option Analysis

Colfax Corp. stock trades under the ticker CFX & has recently shown technical strength, making it worth taking a closer look at for a short-term trade opportunity.

CFX stock closed at $44.93/share on 4/19/2021, and they just completed a bullish MACD crossover.

Colfax Corp. CFX Stock Technical Performance For The Last Year

CFX Stock Price: $44.93

10 Day Moving-Average: $43.94

50 Day Moving-Average: $44.43

200 Day Moving-Average: $36.57

RSI: 53

With their average RSI & MACD crossover, there appears to be more room for upward growth & momentum, especially given the close proximity of the 10 Day & 50 Day Moving-Averages.

Their volume is relatively close to average recently, with the exception of a couple of higher volume bad days in March 2021.

I’ll be eyeing the $45 strike calls & puts, as $45.43 is the first test point for resistance, which will also account for any potential macro-market conditions that may adversely impact CFX’s growth.

My only concern is that there is a low amount of open interest on these options (45 calls, 35 puts), but their volume has been more active than their open interest recently.

All-in-all there appears to be great opportunities here for a short-term trade, making CFX a name all traders should be keeping an eye on.

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

Leave a Reply

Your email address will not be published. Required fields are marked *