|Day Low/High||12.48 / 12.95|
|52 Wk Low/High||6.25 / 21.37|
Investors considering a purchase of YRC Worldwide Inc shares, but cautious about paying the going market price of $14.05/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the July 2017 put at the $11 strike, which has a bid at the time of this writing of $1.19.
In recent trading, shares of YRC Worldwide Inc have crossed above the average analyst 12-month target price of $15.33, changing hands for $15.97/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level.
Our screen reveals 17 names that could become oversold and disconnected from their fundamentals as a result of this phenomenon.
Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which measures momentum on a scale of zero to 100.
YRC Worldwide (YRCW) reported earnings and revenue that fell short of analysts' forecasts for the 2016 third quarter.
Results include Operating Income of $38.8 million and Adjusted EBITDA of $85.5 million
Investors considering a purchase of YRC Worldwide Inc stock, but tentative about paying the going market price of $12.28/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the April 2017 put at the $8 strike, which has a bid at the time of this writing of 53 cents.
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