Buy $ATD if you want your portfolio to reach ATH

2 בדצמ׳

Key Stats:

• Current Price: CAD 81.91 (as of Dec 1, 2024)
  
• Market Cap: CAD 77.65B
  
• P/E Ratio: 22.58
  
• 1-Year Performance: +7.2%
  
• Next Earnings Date: March 25, 2025
  

Top 3 Technical Reasons ATD Will Rise:

• Breakout Momentum: ATD recently broke out from a consolidation phase, with price reclaiming its 20-day and 50-day moving averages. Classic bullish signal.
  
• Volume Surge: Increased trading volume over the past week confirms institutional accumulation.
  
• Targeted Price Action: Resistance near CAD 82.50 is within range, and if cleared, a swift move toward CAD 92 is probable. Fibonacci projections align with this target.
  

Top 3 Fundamental Reasons ATD Will Rise:

• Resilient Earnings: Despite a minor Q3 miss (-3.18%), earnings per share growth remains solid. Analyst expectations for Q4 (CAD 1.08 EPS) are promising.
  
• Defensive Retail Leader: With a network of 15,000+ convenience stores, ATD thrives during economic uncertainties due to its essential goods model.
  
• Valuation Looks Good: A P/E of 22.58 is reasonable given ATD’s growth trajectory and strong cash flow. Market cap stability also indicates sustained investor confidence.
  

Potential Paths to Profit:
Buy Shares: The most straightforward, lowest-risk approach.
Call Options: Consider March 2025 CAD 85 strike calls. Leverage upside while capping downside risk.
Swing Trade: Look for pullbacks near CAD 80 for a favorable risk-reward entry point.


Disclaimer: We are not a brokerage or investment firm. We do not offer financial advice or investment signals. This is not certified financial education. We share an individual's trading ideas. No refunds. All sales final.