West Pharmaceutical Services stock trades under the ticker WST & has shown recent bullishness that investors & traders should take a closer look at.
WST stock closed at $422.46/share on 11/15/2021, while showing signs of additional near-term gains from bullish momentum.
West Pharmaceutical Services WST Stock’s Technicals Broken Down
WST Stock Price: $422.46
10 Day Moving Average: $420.76
50 Day Moving Average: $428.09
200 Day Moving Average: $362.78
RSI: 51.2
MACD: -1.484
WST stock completed a bullish MACD crossover yesterday, while also breaking out above its 10 Day Moving Average.
Recent volumes have been a bit above average compared to the rest of the last year.
WST’s next test will be at the $426/share price level, which may see additional bullish momentum upon crossing as their 50 Day MA will be around there at the same time.
With a completely neutral RSI, there looks to be little limiting WST stock’s upside at the moment.
West Pharmaceutical Services WST Stock As A Long-Term Investment
Investors may find West Pharmaceutical Service’s stock appealing as a long-term investment.
While their P/E (ttm) of 51.95 & P/B of 14.1 are high, given the nature of the space that they operate in they are understandable.
WST stock had 28.9% Quarterly Revenue Growth Y-o-Y, and enjoys a Beta of 0.98, meaning that it tends to move about in line with the broader market indexes.
Their Balance Sheet looks appealing, with Total Cash (mrq) of $688M & Total Debt (mrq) of $315.6M.
WST stock offers a 0.16% dividend yield, which looks to be very safe at an 8.43% payout ratio.
They also enjoy 94% of their share float being held by institutional investors.
West Pharmaceutical Services WST Stock As A Short-Term Trade
Short-term oriented traders can use options in order to take advantage of West Pharmaceutical Services stock’s recent momentum.
I am looking at the contracts with the 11/19 expiration date.
The $410, $420 & $430 calls look interesting, although their open interest levels are very low, making them relatively illiquid.
For puts, the $420 & $430 also look appealing.
Interestingly, the $420 puts have greater open interest than all of the calls mentioned in the previous sentence combined.
This signals that traders seem to be fairly certain that the price will be below that mark by Friday’s expiration.
Tying It All Together
All-in-all, there looks to be appealing characteristics of WST stock for both traders & investors alike.
WST stock looks to have appealing fundamentals for investors focused on the stock’s long-term performance.
In the near-term, they have bullish momentum that looks set to continue pushing them higher as they test their next level of resistance.
Whether you’re focused on the long or near term, WST stock is worth taking a closer look at.
*** I DO NOT OWN SHARES OF WST STOCK ***