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Commercial Metals Company

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CMC trade ideas

Over supply of Steel and Rising Energy CostsQuantitative Analysis Stock is forecasted to have sequentially negative earnings growth momentum for fiscal 2023 and 2024 (below sector average). Stock P/E on a discount to sector. KPI Market volatility in Europe is a headwind. Higher scrap margins on steel products add to the concerns. Global steel-making capacity exceeds demand for steel products in some regions globally. Excessive imports of steel into the United States continue to exert downward pressure on U.S. steel prices. Revenue forecasted to fall 1.57% in fiscal 2023 compared to fiscal 2022. It is also forecasted to continue falling a further 4.90% in fiscal 2024 compared to the estimated revenue of fiscal 2023. Net income before tax forecasted to fall in fiscal 2023 and 2024 due to scrap costs and uncertainties in Europe. Increase in crude oil and energy prices. Trade Structure Oct 55/50 Bear Put
NYSE:CMCShort
by syy891013
CMC- BEARISH SCENARIOThe uptrend for Commercial Metals Company is still valid, but the re-test of the major support level is inevitable. The next price target is $ 41 Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
NYSE:CMCShort
by legacyFXofficial
$CMC at swing high. Target: $42I sometimes let my pendulum choose a stock from pages of MANY tickers. I request an A+ trade that's easy. CMC was the pick (strangely along with CMG), and the dowsing reading I get is it starts a move down from here to a target in the $42 area. I didn't ask how long this takes. Options are monthly, so I would think by the Dec. expiration it'll hit. It's already working as it was up a couple percent this morning and is now selling pretty well and down over 2%.
NYSE:CMCShort
by JenRz
1
$CMC breaking out of a ~7 month base!* Great earnings * Strong up trend in the long term * High 3-month relative strength of 1.08 in the Basic Materials sector * Pays out dividends * Breaking out of a ~7 month base with higher than average volume * Broke out earlier but due to current market conditions it did have a slight pull back and now is breaking out once again. * It did, in the recent months, break out of a multi-year base Trade Idea: * You can look to enter at today's closing price. * If you want a better entry you can look for an opportunity around the $36.33 area
NYSE:CMCLong
by HaseebKhan_90
3
CMC - Infrastructure Bill Fueled Breakout - Industrial SteelNYSE:CMC - this company is in the correct sector to directly benefit from the infrastructure bill. It is forming a Cup basing formation. If the market reacts positively to the news of the Infrastructure Bill getting signed, the vertically integrated steel producer stands to benefit from all of the national construction products that will ensue, especially if the administration keeps its promises about using domestic materials and labor. Basing Formation: Cup - depth ~22% - duration ~ 14 weeks Pivot Point: $36 Target: $40 Stop Loss: $32.5
NYSE:CMCLong
by MakeMoneyCoESTB2020
COMMERCIAL METALS CO Course DailyHey my friends, COMMERCIAL METALS CO is in a fake bearish configuration with a high volume of sales executed and a wicked bear. In TIMEFRAME 1Min we see a bull candle with a shadow of the sellers, it will collapse on its last low point. And return to the high potential increase of a price increase and resume negotiations. Then to recover the lost gains we start on the high which follows afterwards, to see if the buyers are really back. COMMERCIAL METALS CO can break its 4 resistances and tried to close its bearish gap. Then join the bottom of the first retest candle, See the 4H. Please LIKE & FOLLOW, thank you!
NYSE:CMCShort
by stephanelibatd
CMC luculy I put the stop soon to the enter levelBig pictrue of fundamental analysis and technical analysis. market looks like it bouncing from ground, fear desapearing, vix is down Write sometning about your psyhology thinking before trade? that this is very interesting time, aI am more calm than last week Describe the trade. What you see? price is at supportl level and fibonaci level so it can bounce now Write why you want to enter the trade in this point? support level very low value of macd and rsi What have I done well for this trade? enter point accorditn to some rules and thinking What can I take away to help with later trades? try to consider the macd. the good thing is that you move the stop near the enter point very quickly
NYSE:CMCEducation
by matjaz70
$CMC Bullish LT Channel$CMC Commercial Metals Company has been in a tight trading range for the last two months. It looks to be approaching a buy point at the lower support line of a long term bullish channel. I see 30%+ upside from this level by year-end possible, so long as the lower support line holds. (Also of note, it seems like any stock with ticker C_C has done very well this month so it also has that going for it - i.e. $CGC $CRC) Long term target - $29 by year-end (assumes a solid earnings report end of October) Note: Informational analysis, not investment advice.
NYSE:CMCLong
by Triple_Barrel_Capital
Resistance broken with a gap # 2Same concept but with different company name because I not publish a stock symbol twice. But in this case the gap is visible from a weekly chart and this is no first time I publish this type of ideas and write the same things, because is the same Resistance breakout + Bullish gap I share a variety of companies trading at different stocks prices with different PE Ratios in different Industries. Because different traders have different tastes and budgets or some traders have a different strategies with options, some swing traders hold positions for 2 weeks and others for 8 weeks or more the point is that I can put different ideas that suit every trader in particular For example the past idea that I shared was a stock that is trading above 100.00 for some traders this is expensive, for others not
NYSE:CMCLong
by Alex_Quiroga