Is This A Bottom & Reversal?
This is a Post from the Symbol Surfing Blog from Wed, Jul 11, 2018.
I bought a few shares of this low pe stock today.
Before I explain why, check out their brands on newellbrands.com.
You'll see extremely popular brands like Graco, Sharpie, First Alert and Contigo.
This stock basically was cut in half over the past 12 months.
The 52 Week High stock price is $47.53 set on Wed, Sep 6, 2017.
The 52 Week Low stock price is $22.60 set on Fri, Jun 1, 2018.
Mainly it was disappointing earnings.
What I have highlighted is the sideways trading range over the past 6 months.
You'll see that the 2 most recent earnings have seemed to stabilize the stock price.
At this point, sideways is good.
Also, the stock price dipped to a new 52 week low, but relatively quickly ramped back up to the top of the trading range while crossing the 50-day moving average.
This looks like a bottom and possibly the beginning of a reversal.
I am looking for a move to $30 which would be a nice $2.50 profit.
If I am wrong, the stock could move lower to the bottom of the trading range.
Fortunately, this stock pays a 3%+ dividend yield and a strong dividend payout history.
The next big planned announcement is earnings on Friday, Aug 03, 2018.
Maybe NWL will be in a position to beat the lower earnings estimates for an upside surprise.
Mark your calendar!
Wed, Jul 11, 2018 NWL @ $27.40
Is This A "Top" For Home Improvement Stores? Tue, Aug 14, 2018
Can You Profit From The 2019 National Defense Authorization Act? Mon, Aug 13, 2018
2 Stocks That Stock Market Investors Can't Live Without Fri, Aug 10, 2018
A GPU/AI Stock With An Ascending Triangle Wed, Aug 8, 2018
Bottom Fishing - What Could Go Wrong? Mon, Aug 6, 2018
The First Trillion Is The Hardest (& Who Will Be Next?) Thu, Aug 2, 2018
Closing Out My BMY Trade Today Tue, Jul 31, 2018
When It Rains... Thu, Jul 26, 2018
Buying To Close Thu, Jul 26, 2018
19% Return In 3 Months? I'm Selling. Tue, Jul 24, 2018