Buy $ATD if you want your portfolio to reach ATH
Key Stats:
Top 3 Technical Reasons ATD Will Rise:
Top 3 Fundamental Reasons ATD Will Rise:
Potential Paths to Profit:
Buy Shares: The most straightforward, lowest-risk approach.
Call Options: Consider March 2025 CAD 85 strike calls. Leverage upside while capping downside risk.
Swing Trade: Look for pullbacks near CAD 80 for a favorable risk-reward entry point.
Disclaimer: We are not a brokerage or investment firm. We do not offer financial advice or investment signals. This is not certified financial education. We share an individual's trading ideas. No refunds. All sales final.
- Current Price: CAD 81.91 (as of Dec 1, 2024)
- Market Cap: CAD 77.65B
- P/E Ratio: 22.58
- 1-Year Performance: +7.2%
- Next Earnings Date: March 25, 2025
Top 3 Technical Reasons ATD Will Rise:
- Breakout Momentum: ATD recently broke out from a consolidation phase, with price reclaiming its 20-day and 50-day moving averages. Classic bullish signal.
- Volume Surge: Increased trading volume over the past week confirms institutional accumulation.
- Targeted Price Action: Resistance near CAD 82.50 is within range, and if cleared, a swift move toward CAD 92 is probable. Fibonacci projections align with this target.
Top 3 Fundamental Reasons ATD Will Rise:
- Resilient Earnings: Despite a minor Q3 miss (-3.18%), earnings per share growth remains solid. Analyst expectations for Q4 (CAD 1.08 EPS) are promising.
- Defensive Retail Leader: With a network of 15,000+ convenience stores, ATD thrives during economic uncertainties due to its essential goods model.
- Valuation Looks Good: A P/E of 22.58 is reasonable given ATD’s growth trajectory and strong cash flow. Market cap stability also indicates sustained investor confidence.
Potential Paths to Profit:
Buy Shares: The most straightforward, lowest-risk approach.
Call Options: Consider March 2025 CAD 85 strike calls. Leverage upside while capping downside risk.
Swing Trade: Look for pullbacks near CAD 80 for a favorable risk-reward entry point.
Disclaimer: We are not a brokerage or investment firm. We do not offer financial advice or investment signals. This is not certified financial education. We share an individual's trading ideas. No refunds. All sales final.
Disclaimer
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