CRA International, Inc. stock trades under the ticker CRAI & has shown recent bullishness that investors & traders should take a closer look at.
CRAI stock closed at $104.37/share on 11/19/2021, with additional bullish momentum behind it.
CRA International, Inc. CRAI Stock’s Technicals Broken Down
CRAI Stock Price: $104.37
10 Day Moving Average: $99.35
50 Day Moving Average: $101.76
200 Day Moving Average: $84.82
RSI: 53.23
MACD: -0.556
CRAI completed a bullish MACD crossover on Friday, while also breaking out above its 50 Day MA.
They look to have additional momentum in the coming days, as the 10 Day MA is set to breakout over the 50 Day as well bullishly.
This sentiment looks solid, given that they are trading above their yearly average volume.
The next level of resistance that they will need to test is the $108.31-level.
CRA International, Inc. CRAI Stock As A Long-Term Investment
Investors will like CRAI’s P/E(ttm) of 19.73, although their P/B is 3.69.
CRAI stock’s Quarterly Revenue Growth Y-o-Y is 12%, and they offer a safe 1% annual dividend yield, that has a payout ratio of 20.2%.
One area of concern is their balance sheet.
CRAI stock’s Total Cash (mrq) is $19.66M, while their Total Debt (mrq) is $148.8M.
However, despite all of this they have 90.4% of their shares held by institutional investors.
CRA International Inc. CRAI Stock As A Short-Term Trade Using Options
Short-term oriented traders can use options to take advantage of CRAI’s current momentum, while still hedging against broader market volatility.
I am looking at the contracts with the 12/17 expiration date.
The $100 & $105 strike price call options look appealing, although very illiquid.
The $105 strike puts also look appealing, but suffer from the same lack of open interest.
As Friday was an expiration date, I expect more contracts to be written, at which point the $110 puts would also become appealing.
Tying It All Together
There look to be many advantages to CRAI stock in the near & long term.
They have a fair valuation, and offer an annual dividend, although their balance sheet could be cleaned up a bit.
In the near-term, they have a lot of great bullish momentum that should see them continue to climb.
Overall, it is worth taking a closer look at CRAI stock.
*** I DO NOT OWN SHARES OF CRAI STOCK ***