Summit Materials' (NYSE:SUM) five-year earnings growth trails the impressive shareholder returns. Summit Materials, Inc. stock is up an impressive 186% over the last five years. And in the last month, the share price has gained 16%. A Diffe4rent Perspective It's good to see that Summit Materials has rewarded shareholders with a total share holder return of 39% in...
Trading Idea 1) Find a FIBO slingshot 2) Check FIBO 61.80% level 3) Entry Point > 27/61.80%
$SUM reflected intraday RS, wriggling out of its downtrend line. it is one of the few names with a price action supported on its rising 50MA during the December market weakness.
NYSE:SUM Hi traders. Some good paper for you for Monday's intraday trading. What's on the chart: 1. A strong historical level formed on January 22, 2018, you can see it on the senior TF W 2. we approached the level with a big bar, the move is over 3% Scenario: Sell on a breakdown of the 34.06 level Important: friends, trading on the false breakout...
DeMark 9 month count is exhaustion risk, but it looks strong.
NYSE:SUM Hi traders. We have some good paper for you for Monday's intraday trading. What's on the chart: 1. A strong historical level formed on January 22, 2018, you can see it on the senior TF W 2. we approached the level with a big bar, the move is over 3% Scenario: Sell on a breakdown of the 34.06 level Important: friends, trading on the false...
SUM daily and hourly watching for a break above 31 with volume
Yeah that's pretty pretty pretty good. Nice RS during the recent selloff as well. #allkillernofiller
NYSE:SUM Possible Scenario: LONG Evidence: Price Action This is my idea and could be wrong 100%
Multi-month breakout in SUM. Look for continuation. Balance area projection up at $26.
SUM has bounced off a rising TL with a hammer candlestick and an unusually daily volume. In H1 chart, we have a nice breakout offering good levels for entry and stop loss.
Entry level $24 = Target price $29 = Stop loss $22.50. Technically the chart is Bullish, but the fundamentals below maybe point to caution. The company has great exposure to the latest boost to construction spending, due to lower interest rates. Short interest 13.51% (high) P/E 133 (high) Average analysts price target $22.46 | Overweight Company...
NYSE:SUM SUM looks good for a long above 19.46
Buy signal here today, low volatility reading. Uptrend with higher low in place. Stop loss less than 10%, swing low @ $16.70. We can see that the long term downtrend has been broken now. 0.2% capital at risk
$SUM has been cut in half from 2018 highs. $SUM just printed a W bottom and printing a bullish symmetrical triangle after recent earnings. I am long looking for much higher prices. Expecting a boom in business from infrastructure rebuild coming and perhaps even a wall which will need a lot of basic materials that $SUM produces
Wait for wave 2 pullback to go long.
$SUM has been beaten on higher rate fears, but infrastructure spending coming after the midterms and $13 is an unbelievable steal of a price. Was $34 in just January.