Long Position on CMT @ $27.00 on 10/23/2023 (Momentum)

Core Molding Technologies, Inc. (CMT) operates as a molder of thermoplastic and thermoset structural products. Stockwinners

The company offers a range of manufacturing processes that include compression molding of sheet molding compound, resin transfer molding, liquid molding of dicyclopentadiene, spray-up and hand-lay-up, direct long-fiber thermoplastics, and structural foam and structural web injection molding.

It serves various markets, including medium and heavy-duty truck, automobile, power sport, construction, agriculture, building products, and other commercial markets in the United States, Mexico, Canada, and internationally. 

The company reports November 7th.

Shares are heading higher in an upward trading channel. The lower boundary of the channel coincides with the stock's 50-day moving average. 

 

Entry Point: $27.00

Trading Range: $8.80 to $30.09

Stop Loss: $25.50

Target Price: $30.00

 

Position closed on 11/7/2023 at price of $25.50 with a -5.56% loss in 15 days.

Back to Portfolio