Lancaster Colony Corp. stock trades under the ticker LANC & has recently shown bullish signals that traders & investors should take a closer look at.
LANC stock closed at $152.22/share on 4/4/2022.
Lancaster Colony Corp. LANC Stock’s Technicals Broken Down
LANC Stock Price: $152.22
10 Day Moving Average: $152.21
50 Day Moving Average: $157.11
200 Day Moving Average: $168.84
RSI: 44.94
MACD: -1.891
Yesterday, LANC stock completed a bullish MACD crossover, one day after breaking out above its 10 day moving average.
Their recent trading volume is about average for the last year.
With an RSI that is still below neutral & 3% between their 10 & 50 day moving averages, they look to have additional momentum in the near-term future.
They need to break out above the $154.72, $154.86 & $155.41-resistance levels.
Lancaster Colony Corp. LANC Stock As A Long-Term Investment
Long-term oriented investors may find LANC stock’s P/E (ttm) appealing at 33.49, but may think their 4.86 P/B (mrq) is a bit rich.
They recently reported 14.2% Quarterly Revenue Growth Y-o-Y.
Their balance sheet looks very attractive, with $114.01M in Total Cash (mrq) & Total Debt (mrq) of $16.25M.
LANC stock pays a 1.97% dividend yield, which appears to be stable, despite their 66.8% payout ratio, which is above average.
59.8% of LANC stock’s outstanding share float is held by institutional investors.
Lancaster Colony Corp. LANC Stock As A Short-Term Trade Using Options
Short-term focused traders can profit from movements in LANC stock’s price by trading options.
I am looking at the contracts with the 4/14 expiration date.
The $150, $155 & $160 call options look appealing, although they have very low levels of open interest.
The $155 & $160 puts also look interesting, but suffer from the same lack of liquidity, which traders may not like.
Tying It All Together
Overall, LANC stock deserves a closer look, regardless of your trading style.
Long-term focused investors will like their balance sheet & dividend yield, despite their high P/B (mrq).
Short-term focused traders will like their momentum, but may have qualms with the liquidity of their near-term options contracts.
*** I DO NOT OWN SHARES OF LANC STOCK ***