Consolidated Communications (CNSL) long.All description on the chart.
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CNSL
Consolidated Communications Holdings Cup&Handle about to brkout Watch for breakout: 9.26.18 2:30pm
CNSL is about to come out of a weekly cup and handle formation or minimally a double bottom, which both usually rise upward.
Small-cap telecommunications stock adding fiber optic lines and hurt by earnings after infrastructure investment.
* Compares to: CBB FTR CMCSA T
* Pays 12% Dividend yield currently, so little risk. Ex-divident is Oct. 12th. payable Nov. 1st and quarterly.
* Potential to double on Fibretracement to $24 into early 2019 and upward by end of 2019 into 5G massive MIMO communications and fiber optic cable lines for markets served.
* Will be positioned to grow into 2019 with dividends and then catch 5G services growth and target by year end 2019 likely $28-30, as Telecom stocks grow when profits made.
* EPS Growth was -386800%, just indicates it is making progress with profitability vs industry average 144%, but it is a small cap.
* Mkt Cap $914M, 2018 sales will be $1.4B, that's a bababa-billion. Enterprise value with recent upgrade is paultry 3.25B, or shows undervalue ratio 3.25/0.914 = 3.55 and poised to grow customers. Book value buy?
* Debt however is high and will reduce with growth as small-cap to mid-cap (expected for market and opportunity).
* Insider buying is small, but a positive 27,000 shares/yr. last 2 yrs.
* With telecom & cable industry at current prices not sure if it'd be an acquisition target?
About CNSL: Consolidated Communications Holdings, Inc., through its subsidiaries, provides various integrated communications services to business and residential customers in the United States. It offers a range of communication services and products that include local and long-distance, high-speed broadband Internet access, video, voice over Internet protocol, private line, custom calling features, security, cloud, data center, managed and IT, and directory publishing services, as well as engages in equipment sales activities. The company also sells and supports telecommunications equipment, such as key, private branch exchange, IP-based telephone systems, and other hardware solutions, as well as offers support services to medium and large business customers. As of December 31, 2017, it had approximately 972 thousand voice connections, 784 thousand data connections, and 103 thousand video connections. The company serves customers in consumer, commercial, and carrier channels.
CNSL strong divi buyChart is fairly self explanatory, heavily oversold bear run that has completed 3 waves to the downside. Sports a stellar 8.5% divi as of close today. Conviction buy
CNSL - Inverse H&S, breakout Long from $22.17 to $24.67CNSL seems forming a inverse head & shoulder formation, and it seems breaking out its neckline now. Moneyflow had strong divergence & now shooting up. Overall very good long setup.
* Trade Criteria *
Date First Found- July 5, 2017
Pattern/Why- Inverse H&S, breakout Trade
Entry Target Criteria- Break of $22.17
Exit Target Criteria- $24.67
Stop Loss Criteria- $20.87
Please check back for Trade updates. (Note: Trade update is little delayed here.)
CNSL short from Weekly Rising WedgePrice has funneled higher in a rising wedge pattern. Now we have price closing beneath the rising trendline and previous horizontal support / resistance level. Best entry would be to sell a break of the most recent bar. There is a good chance that the trendline will be tested from beneath. However, price should not close back above the trendline if the pattern is correct.
