HI Dudes, How you doing? Today I would like to analyze SM Energy.
Let´s see some fundamentals:
P/E Ratio= 23.60
Sales Growth 2013= 48.35%
Sales growth average (4 years)= 36.29%
EPS 2013= 2.51
EPS Average (5 years)=1.26
As you can see this company had a great growth during 2013.
Let´s see the Chart.
Supports and Reistances:
S1:$79.8 S2:70.55 R1:82.25 R2:87.16
As you can see on the Chart the price bounced from the avg200 and the low level of the uptrend channel during the last sesions.
The RSI is at 46% with a flat pattern.
The Stochastic is going up at and yesterday crossed the neutral zone. Actually is at 53%.
The Macd Is below zero and actually is close to the signal. It´s probably that will cross the signal and will cross the zero level in the next sesions. So I belive that the bounce will continue to the actual targets.
The CCI is going up and will cross the zero level.
The 2nd Quarter conference call is the next week July 30th.
In my opinion this stock is undervalued. I belive that the earnings report will be better than expected.
And before and after this conference the stock will go up.
Insiders Actions during the last 3 months:
Purchases: 119.484 Shares.
Sales: 47.105 Shares.
And that´s all for today! Have a nice summer!