During the last trading session, I bought Deere & CO (DE), after a strong breakout the price had.
The company is not facing good momentum based on its fundamentals.
Cash to debt is 0.13 and is underperforming the industry.
ROE is 27.43%, outperforming the industry but far from the maximum Max of 44.93%
ROA is 4.27%, averaging the industry, but far from its all-time-high of .6.2
ROC is even worst at 11.01%, averaging the industry but thousand miles far from the all-time-high of 35.35%.
P/E is quite cheap at 13.26 but the price is 7 times bigger.
Forward P/E is 17.30 (price is 5 times higher).
The last date to own the stock to cash the yield of $0.60/share of the 3 August was yesterday, so I don't think I will get it. Usually we must hold the company few days earlier.
Anyway I didn't buy the company for the yield. Let's add some graphs.
And then the weekly one
During the last trading session the price broke a good resistance at $93.50 / $94 that has been tested many times in the past :
the 15/02/2011 the price didn't go over it. Few days later, on March and April, same year, the price crossed it and the got immediately pushed back to $62.
The 30/01/2013 another test, and again the price went back to $79.
The 13/05/2014 again another test, and again the price went back to $79.
The 26/05/2015, one month back the price did another test, it failed, but this time did not have any strong correction; it went back to $90 and the started another test but this time (yesterday) looks like it finally overtook $94.
Of course as I said, the same thing happened on March 2011, so let's apply a good stop loss at about half the candle of Friday or even at $94. Is possible the price will go back to test that strong resistance and make it as its new support.
The company is not facing good momentum based on its fundamentals.
Cash to debt is 0.13 and is underperforming the industry.
ROE is 27.43%, outperforming the industry but far from the maximum Max of 44.93%
ROA is 4.27%, averaging the industry, but far from its all-time-high of .6.2
ROC is even worst at 11.01%, averaging the industry but thousand miles far from the all-time-high of 35.35%.
P/E is quite cheap at 13.26 but the price is 7 times bigger.
Forward P/E is 17.30 (price is 5 times higher).
The last date to own the stock to cash the yield of $0.60/share of the 3 August was yesterday, so I don't think I will get it. Usually we must hold the company few days earlier.
Anyway I didn't buy the company for the yield. Let's add some graphs.
And then the weekly one
During the last trading session the price broke a good resistance at $93.50 / $94 that has been tested many times in the past :
the 15/02/2011 the price didn't go over it. Few days later, on March and April, same year, the price crossed it and the got immediately pushed back to $62.
The 30/01/2013 another test, and again the price went back to $79.
The 13/05/2014 again another test, and again the price went back to $79.
The 26/05/2015, one month back the price did another test, it failed, but this time did not have any strong correction; it went back to $90 and the started another test but this time (yesterday) looks like it finally overtook $94.
Of course as I said, the same thing happened on March 2011, so let's apply a good stop loss at about half the candle of Friday or even at $94. Is possible the price will go back to test that strong resistance and make it as its new support.
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