Snap On Inc. Holding Co.’s stock trades under the ticker SNA & has shown recent bullishness that traders & investors should research further into for less volatile times in the market.
SNA stock closed at $238.91/share on 3/13/2023.
Snap On Inc. Holding Co. SNA Stock’s Technical Performance Broken Down
SNA Stock Price: $238.91
10 Day Moving Average: $237.67
50 Day Moving Average: $243.70
200 Day Moving Average: $226.10
RSI: 50.13
MACD: -1.631
Yesterday, SNA stock completed a bullish MACD crossover, gaining +0.41% on the day’s session.
Their RSI is neutral at 50 & recent trading volumes have been about average compared to the year prior.
After gapping up on Tuesday, their last few days of candlesticks are tightly consolidated in a ~1% range, signaling that investors & traders are anticipating downside moves in the near-term.
This makes it important for traders & investors to watch how SNA stock behaves around support levels in the coming weeks, as they eye a safer entry when times have become less volatile.
SNA stock has support at the $237.67 (10 day moving average), $231.89 & $230.33/share price levels, with resistance overhead at the $243.70 (50 day moving average), $243.94 & $247.74/share price levels.
Snap On Inc. Holding Co. SNA Stock As A Long-Term Investment
Long-term oriented investors will like SNA stock’s 14.02 P/E (ttm), but may find their 2.8 P/B (mrq) to be a bit too rich.
They recently reported 4.1% Quarterly Revenue Growth Y-o-Y, with 6.8% Quarterly Earnings Growth Y-o-Y.
Their balance sheet will require a more thorough examination, with $757.1M of Total Cash (mrq) & $1.27B of Total Debt (mrq).
SNA stock pays a 2.47% dividend, which appears to be sustainable in the long-run, as their payout ratio is 34.96%.
89.29% of SNA stock’s outstanding share float is owned by institutional investors.
Snap On Inc. Holding Co. SNA Stock As A Short-Term Trade Using Options
Traders with shorter time horizons can trade options to profit from movements in SNA stock’s price, while protecting their portfolios from broader market volatility.
I am looking at the contracts with the 6/16 expiration date.
The $230, $220 & $200 calls are all in-the-money, listed from highest to lowest level of open interest.
The $250, $240 & $260 puts are also all in-the-money, with the former being more liquid than the latter strikes.
Tying It All Together
SNA stock has many interesting attributes that traders & investors will want to look into so that they can enter positions at better prices when market volatility has subsided.
Investors will like their sustainable dividend, as well as their balance sheet.
Traders will like their recent technical performance, as well as how liquid their options are compared to other names.
All-in-all, it is worth taking a closer examination into SNA stock to see how it fits into your portfolio strategy.
*** I DO NOT OWN SHARES OR OPTIONS CONTRACT POSITIONS IN SNA STOCK AT THE TIME OF PUBLISHING THIS ARTICLE ***