Carlisle Cos Inc. (CSL) presently trading above significant channel resistance. If a weekly settlement above this channel resistance occurs, this would place (CSL) in a buy signal where gains of 15% would be expected within 2-3 months, and 20-25% within 5-8 months. Inversely, if (CSL) does not manage to close above the channel resistance, the market may turn...
The PEAD projected a Bullish outlook for $CSL after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 81.82%.
Notes:
* I last spoke about this a couple of days ago as it was bouncing off of its 50 day line
* Since then it has gaped up and is now breaking above the resistance level of $254.44
* It's still offering an early entry as it's still close to its 50 day line and trading above average volume
* Everything else remains the same from my previous post.
Technicals:...
Notes:
* Great earnings
* Very strong up trend on all time frames
* Pays out dividends
* Showing tonnes of strength and accumulation
* Basing for the past 4 months while the general market and the respective sector took a nasty hit
* Currently finding support at its 50 day line
* Printed a Pocket Pivot
Technicals:
Sector: Industrials - Building Products &...
Bearish
Fundamental
- Funds been disttribute
- Negative P/FCF
TA
- Momentum divergence
- Barely holding upward trend line
Bullish
- Monopolized in its industry
- Leader in sector
Entry trigger : TBA
The PEAD projected a Bullish outlook for $CSL after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 70%.
$CSL smaller basing patter around its 50 MA after pulling back to $195 and succesfully testing and rebounding from that area. 4 tight daily closes on lower than average volume. Looks appealing to me.
AVERAGE ANALYSTS PRICE TARGET $151
AVERAGE ANALYSTS RECOMMENDATION OVERWEIGHT
P/E RATIO 20
SHORT INTEREST 4.25%
COMPANY PROFILE
Carlisle Cos., Inc. engages in the manufacture and distribution of engineered products for both original equipment and aftermarket channels. It operates through the following segments: Carlisle Construction...
NYSE:CSL came across our 9 in 9 scanners past 2 days (Daily 9 inside Weekly 9) and seems like interesting short opportunity.
Spitballing here...but for advanced TDreasons that I don't wish to dig into here price should target the pink line on the weekly chart shown (low of candle 6 aka Swing Low). Priced bounced from there directly into a perfected Sell Setup 9...
Going to be watching that bottom trend line for a buy set up. That line has been pretty solid since JAN 2016. Just something to keep your eye on in the next few weeks!
