Mueller Industries Inc. stock trades under the ticker MLI & has recently shown bullishness that traders & investors should take a closer look into.
MLI stock closed at $56.32/share on 4/19/2022.
Mueller Industries Inc. MLI Stock’s Technicals Broken Down
MLI Stock Price: $56.32
10 Day Moving Average: $52.74
50 Day Moving Average: $56.00
200 Day Moving Average: $51.02
RSI: 55.99
MACD:-0.876
Yesterday, MLI completed a bullish MACD crossover, while breaking out above its 10 & 50 day moving averages.
With an RSI still in the 50’s & recent trading volumes being about average compared to the year prior, MLI stock looks to still have momentum in the near-term.
They will need to break above the $56.78, $56.99, $57.20 & $57.54 resistance levels.
Mueller Industries Inc. MLI Stock As A Long-Term Investment
Long-term oriented investors will find MLI stock’s valuation metrics attractive, with a P/E (ttm) of 6.44 & a 2.49 P/B (mrq).
MLI recently reported 41.5% Quarterly Revenue Growth Y-o-Y, and 244.9% Quarterly Earnings Growth Y-o-Y.
MLI stock’s balance sheet also looks appealing, with $87.92M in Total Cash (mrq) & $24.99M in Total Debt (mrq).
While modest, MLI offers a sustainable 0.99% dividend yield, that has a low 6.3% payout ratio.
92.27% of MLI stock’s outstanding share float is held by institutional investors.
Mueller Industries Inc. MLI Stock As A Short-Term Trade Using Options
Short-term focused traders can use options to profit from price movements in MLI stock, regardless of which direction it moves in.
I am looking at the contracts with the 5/20 expiration date.
The $50, $55 & $60 call options look interesting, but are very illiquid with 53 contracts of open interest collectively.
The $55 puts are the only ones that are at-the-money until we look at the 6/17 expiration date, which does have some in-the-money strike price liquidity.
For the 6/17 expiration, the $60 & $65 puts look worth looking into.
Tying It All Together
MLI stock will be appealing to long-term focused investors, as they have favorable valuation metrics & balance sheet numbers, and a healthy (but small) dividend.
Traders will like their current momentum, but may be disappointed by their options’ liquidity.
Overall, MLI stock is worth taking a closer look into, regardless of your trading style.
*** I DO NOT OWN SHARES OF MLI STOCK AT THE TIME OF WRITING THIS ***