Alkyl Amines Chemicals stock has cleared a 9-week, 17% deep Cup With Handle Base last week. Currently, the stock is trading around just -1% away from its ideal buy price of INR 5480. The stock is worth watching at the current price level.
On the earnings front, Alkyl Amines Chemicals has an excellent EPS Rank of 96, which indicates consistency in earnings. The earnings and sales for the stock have grown by 69% and 23%, respectively over the past three years. Its 3-years earnings stability is 11, on a 0 to 99 scale (lower the better). Over the past five years, the earnings and sales for the stock have grown by 42% and 21%, respectively. The 5-years earnings stability is 20. The return on equity for the last reported year is 38%.
The stock has been a roaring outperformer as compared to the broader market. It has a top-notch Relative Strength Rating of 92. In the last twelve months, the stock has soared over 350.8% as compared to 71.6% for the Nifty500.
The Relative Strength Line of the stock is offering a lot of encouragement to investors. It has been making good progress in the last four weeks. The overall long term trend of the line is also trending upward. If Alkyl Amines Chemicals can maintain this outperformance, it could make sense as a CANSLIM trade.
Another key part of the jigsaw is institutional sponsorship. Alkyl Amines Chemicals has an Accumulation/Distribution Rating of 'A+'. This represents heavy institutional buying over the past 13 weeks. The number of institutional sponsors and shares held by the sponsors, both increased in the last reported quarter.
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 6.5% away from the 10-week moving average.
The stock belongs to the industry group of Chemicals-Specialty. You would still want to see some improvement in the industry group rank for the group. The current industry group rank is 78. The current price of Alkyl Amines Chemicals is -5% off from its 52-week high price and 413% above its 52-week low price.
The stock appears on our idea lists: Trend Template - 5 Months, Long Term Leaders.
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