6x Risk to Reward Ratio on BXC - Watch for May 1st EarningsBXC's Risk to Reward Ratio is x6
BXC's May 1st earnings should be watched before deciding a position based on Fib support points.
Recent News
BlueLinx Names Mike Wilson Chief Commercial Officer - April 2nd, 2024
5-Point Inspection by OnePunchman:
Free Float shares: 8.3M - Positive
Cash & equivalents: 521 M - Positive
Debt: 617M - Positive
Last Quarter Revenue: $712M - Positive compared to Cash in hand and Free Float
EPS $5.32 - Positive
Buy Alert done by Fibonacci retracement levels:
Price: $106.17
Entire Position Stop Loss: $103.83
1st Take Profit: $119.18 (I would sell 100% of my holdings here) - Risk to Reward Ratio is x6
BXC trade ideas
Bluelinx Holdings going Red. BXCGoals70, 65.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe
Value growth technical playThe float is short extremely small. From an Enterprise prespective this is extremely underpriced. Technicals indicating all systems go. I could see this as a buyout canidate around $60-80 share as a modest estimation. Long 50 shares. Will require possibly 1 qtr before 40 range is broken
BXCThis company is from building materials wholesale industry. Right now in USA home permit had begun to growth. BXC problem is revenue, they need to increase their revenue to kickin net income. From our view, this company just need to growth their free cash flow just 2% (CAGR) and future value can reach $17 - $20 a share. Price start making up trend. We think this is not a bad bet to jump in to this stock with 20% risk for this stock.