$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.
(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.