Fulton Financial Corp. stock trades under the ticker FULT & has shown recent bullishness that traders & investors may want to research further into once market volatility calms down.
FULT stock closed at $13.49/share on 4/7/2023.
Fulton Financial Corp. FULT Stock’s Technical Performance Broken Down
FULT Stock Price: $13.49
10 Day Moving Average: $13.69
50 Day Moving Average: $15.74
200 Day Moving Average: $16.12
RSI: 33.41
MACD: -0.678
On Friday, FULT stock completed a bullish MACD crossover, gaining +0.45% on the day’s session.
Their RSI is approaching oversold conditions, after declining for the past month & recent trading volumes have been above average.
Broader market volatility will continue to impact FULT stock, but their behavior at support levels throughout it will provide clues into where to enter a position once the volatility subsides.
FULT stock has support at the $13.28 & $13.16/share price level, as they look to break out & above the $13.53, $13.69 (10 day moving average) & $13.80/share price level.
Fulton Financial Corp. FULT Stock As A Long-Term Investment
Long-term oriented investors will like FULT stock’s valuation metrics, with an 8.08 P/E (ttm) & a 0.94 P/B (mrq).
They recently reported 16.6% Quarterly Revenue Growth Y-o-Y, with 32.2% Quarterly Earnings Growth Y-o-Y.
Their balance sheet will require a more thorough examination, with $835.49M of Total Cash (mrq) & $3.26B of Total Debt (mrq).
FULT stock pays a 4.47% dividend, which appears to be sustainable in the long-run, as their payout ratio is 35.93%.
67.9% of FULT stock’s outstanding share float is owned by institutional investors.
Fulton Financial Corp. FULT Stock As A Short-Term Trade Using Options
Traders with shorter-term time horizons can trade options to profit from price movements in FULT stock, while protecting their portfolios from volatility.
I am looking at the contracts with the 4/21 expiration date.
The $12.50 call options are in-the-money.
The $17.50 & $15 puts are also in-the-money, with the former being more liquid than the latter strike.
Tying It All Together
FULT stock has many interesting characteristics that are worth researching into for when their share price stabilizes & broader market volatility subsides.
Investors will like their dividend yield, as well as their valuation metrics, but should research more into their balance sheet structure.
Traders will like their recent technical performance, but may be disappointed in how illiquid their options are.
Overall, it is worth taking a closer look into how FULT stock fits into your portfolio strategy for once market volatility dies down.
*** I DO NOT OWN SHARES OR OPTIONS CONTRACT POSITIONS IN FULT STOCK AT THE TIME OF PUBLISHING THIS ARTICLE ***