Phillips Carbon stock has broken out of a 6-week, 20% deep Cup With Handle Base 2-weeks ago. However, the stock is still offering investors an opportunity to get on board as the current price is only -2% away from the ideal buy price of INR 214.
The key trend lines, 10 and 40-week moving averages are at a comfortable position. The current trends of both the averages are upward and the 10-week moving average is trending above the 40-week moving average. The current price of the stock is trading around 3.81% away from the 10-week moving average.
In the last twelve months, Phillips Carbon has rallied nearly 180.3% as compared to 61.1% for the Nifty500. It has a Relative Strength Rating of 73. We definitely would like see improvement in the rating. At this point we are taking a step back and focusing on the RS Line.
The Relative Strength Line of the stock is offering a lot of encouragement to investors. It has been making good progress in the last few weeks. The overall long term trend of the line is also trending upward. If Phillips Carbon Black can maintain this outperformance, it could make sense as a CANSLIM trade.
Phillips Carbon stock has strong institutional support. The Accumulation/Distribution Rating of 'A+' represents heavy institutional buying over the past few weeks. Although the shares held by institutions dropped in the last quarter, the number of institutions holding the stock increased at the same time. This shows increasing interest among the institutions.
On the earnings front, Phillips Carbon has an excellent EPS Rank of 96, which indicates consistency in earnings. The earnings and sales for the stock have seen de-growth of -5% and --3%, respectively over the past three years. Its 3-years earnings stability is 20, on a 0 to 99 scale (lower the better). Over the past five years, the earnings and sales for the stock have grown by 60% and 11%, respectively. The 5-years earnings stability is 71. The return on equity for the last reported year is 17%.
The current price of Phillips Carbon is -5% off from its 52-week high price and 207% above its 52-week low price. The stock belongs to the industry group of Chemicals-Specialty, which is exhibiting excellent strength in the current market environment. The current industry group rank is 33.
The stock appears on our idealists: Trend Template -5 Months