WD-40 Co. stock trades under the ticker WDFC & has shown recent technical strength that should be closer examined.
WDFC stock closed at $231.01/share on 10/28/2021.
WD-40 Co. WDFC Stock’s Technical Performance Broken Down
WDFC Stock Price: $231.01
10 Day Moving-Average: $223.41
50 Day Moving-Average: $229.48
200 Day Moving-Average: $259.86
RSI: 53.8
MACD: -1.917
WDFC has had higher than average volume the past couple of weeks when compared to the rest of the year, and yesterday completed a bullish MACD crossover.
Additionally, WDFC crossed over both its 10 & 50 Day MA’s bullishly in the process, while maintaining a neutral RSI.
With ~3% between the 10 & 50 Day MA’s, there looks to be additional momentum in the near-term that will help them test the $235 price level.
Once they have crossed there, the next level to eye is the $240 level.
WD-40 Co. WDFC Stock As A Long-Term Investment
WDFC has a P/E (ttm) of 44.4 & a P/B of 15.4. While the P/B is a bit rich, investors may like their Price to earnings ratio.
While their Quarterly Revenue Growth Y-o-Y was not impressive at only 3%, this is a household name that has a large marketshare that spans over generations that was founded in 1953.
WDFC has Total Cash (mrq) of $85.96M & Total Debt (mrq) of $124.7M on their balance sheet.
WDFC’s dividend yield is 1.3%, with a Payout Ratio of 54%, which although is high, does not suggest that the yield will need to be cut anytime soon.
Institutional investors like WDFC stock, owning 89.5% of the share float.
WD-40 Co. WDFC Stock As A Short-Term Trade Using Options
Traders can take advantage of WDFC stock’s current momentum using options.
I am looking at the 11/19 expiration dated contracts.
The $230 & $240 calls look appealing, with the latter only being 4.5% out of the money.
The $240 & $250 puts also look interesting, and can be used to prevent losses from broader market volatility.
Tying It All Together
Overall, WD-40 Co.’s stock has many appealing attributes for traders & investors to look into.
As a long-time established brand, investors can feel safe in their performance, although some of their metrics may be riskier than others.
Near-term traders will like their current path of momentum, and additional near-term strength.
WDFC stock is worth taking a closer look at for any and all market participants.
*** I DO NOT OWN SHARES OF WDFC STOCK ***