Southwest Gap Corp. stock trades under the ticker SWX & has shown recent bullishness that traders & investors should research further into.
SWX stock closed at $86.09/share on 7/26/2022.
Southwest Gas Corp. SWX Stock’s Technical Performance Broken Down
SWX Stock Price: $86.09
10 Day Moving Average: $85.15
50 Day Moving Average: $88.74
200 Day Moving Average: $76.01
RSI: 49.23
MACD: -0.818
Yesterday, SWX stock completed a bullish MACD crossover, while break out & settling above its 10 day moving average.
With a neutral RSI & low trading volumes in the recent days compared to the year prior, there seems to be a lot of uncertainty about the future direction of SWX stock in the near-term.
They will need to remain above their support levels of $85.15 & $84.89, while trying to break above their $88.74 & $89.97/share resistance levels.
Southwest Gas Corp. SWX Stock As A Long-Term Investment
Long-term oriented investors will like SWX stock’s valuation metrics, with a 29.05 P/E (ttm) & a 1.63 P/B (mrq).
They recently reported 43.1% Quarterly Revenue Growth Y-o-Y, with -18% Quarterly Earnings Growth Y-o-Y.
Their balance sheet will require an additional review, with $624.7M of Total Cash (mrq) & $6.23B of Total Debt (mrq).
SWX stock pays a 2.8% dividend, which may not be sustainable in the long-run, with an 81.23% payout ratio/
Still, 95.3% of SWX stock’s outstanding share float is owned by institutional investors.
Southwest Gas Corp. SWX Stock As A Short-Term Trade Using Options
Short-term focused traders can use options to profit from SWX stock’s price movements, while hedging against volatility in the broader markets.
I am looking at the contracts with the 8/19 expiration date.
The $70, $65, $75 & $85 call options are all in-the-money, listed from highest to lowest levels of open interest.
The $90 puts are the only strike price in-the-money at the moment, although there is liquidity at the $85 & $80 levels.
Tying It All Together
SWX stock has a lot of characteristics that traders & investors are sure to find appealing.
Investors will like their valuation metrics & dividend yield, but may want to review their balance sheet to see how sustainable that yield is in the long-term.
Traders will like the way that they have weathered recent market volatility, but will be disappointed by how illiquid their options are.
Overall, it is worth taking a closer look into SWX stock to see how it fits into your portfolio strategy.
*** I DO NOT OWN SHARES OF SWX STOCK AT THE TIME OF PUBLISHING THIS ARTICLE ***