Crane Co. stock trades under the ticker CR & has shown recent bullish momentum that traders & investors of all styles may want to take a closer look at.
CR stock closed at $104.22/share on 3/3/2022.
Crane Co. CR Stock’s Technicals Broken Down
CR Stock: $104.22
10 Day Moving Average: $100.92
50 Day Moving Average: $101.80
200 Day Moving Average: $97.22
RSI: 55.95
MACD: -0.024
Earlier today, CR stock completed a bullish MACD crossover, while staying above its 10 & 50 day moving averages that it broke out above the day prior.
They have traded on above average volume in 2022 compared to the year period prior.
With a neutral RSI at ~56, there looks to be a lot more momentum behind CR stock to continue pushing its price higher.
They will need to break out above $105.77, before testing the $106.57 resistance level.
Crane Co. CR Stock As A Long-Term Investment
Long-term focused investors will find CR stock’s P/E (ttm) to be appealing at 15.25, but their P/B (mrq) is a bit rich at 3.25.
They had 12.7% Quarterly Revenue Growth Y-o-Y, with 54% Quarterly Earnings Growth Y-o-Y.
CR stock’s balance sheet will warrant a deeper review, with Total Cash (mrq) of $508.6M & Total Debt (mrq) of $944.2M.
Despite this, their debt rating from Moody’s is Baa2, which is lower medium grade & above junk status.
CR stock pays a 1.65% dividend yield, which looks to be very sturdy, with a 25.8% payout ratio.
73.3% of CR stock’s outstanding share float is held by institutional investors.
Crane Co. CR Stock As A Short-Term Trade Using Options
Crane Co. stock has options that traders can use to profit on their price movement up or down in the near-term.
I am looking at the contracts with the 3/18 expiration date.
The $95, $100 & $105 call options all look interesting, although they do lack a bit in open interest.
There is no liquidity currently in any of the puts that are above $105 strike price, making that the highest reasonable strike price as of my writing this.
Tying It All Together
Overall, Crane Co. stock has many interesting attributes that traders & investors will want to look into.
Their valuation looks sturdy, and their dividend yield looks safe.
In the near-term, they have bullish momentum, although their 3/18 options contracts could be a bit more liquid.
CR stock is worth taking a deeper dive into, regardless of your trading strategy.
*** I DO NOT OWN SHARES OF CR STOCK ***