R Ascending Triangle
By Johns Wu on Jun 25, 2006
R, Ryder System Inc., is looking bullish since it has broken out of an ascending triangle setup.
The chart looks really good, considering the bearmarket that we've been in lately. Ryder System Inc. is a lowrisk, large-cap stock, so keep it on your watchlist next week.
This entry was posted on Sunday, June 25th, 2006 at 12:09 pm and is filed under Annotated Analysis.
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3 Responses to “R Ascending Triangle”
By JWU on June 25th, 2006 at 8:41 pm
hey daniel,
just curious.. what do you do for a living? how do you always know so much fundamentals about stocks???
By Will on June 27th, 2006 at 3:22 pm
R dropped today and looks like its on the way down. What do you think?
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Careful: Ryder is now trying to establish a larger presence in the logistics management arena, where it faces larger and more entrenched competitors. This firm’s cost of capital (WACC approach) is less than 9% and I question managment’s agenda to branch into new areas. Sales haven’t done jack in 5 years and the firm should hire some MBA interns to come in and show ‘em what to do with their balance sheet. We believe there are a bevy of other, more upside-generating ways to play the logistics space, a $240 billion market.