Alliant Energy Corporation (LNT): How High Can This Stock Go? Ever since the beginning of 2019 Alliant Energy Corporation’s stock has been going up from around $41 to currently around $48. It looks to be in a good channel moving upwards so we will take a look at the fundamentals for LNT and also the technical setups based up my trading style.
There are 7 fundamental markers I look for in a stock. I try to only purchase growth stocks so these are the parameters I look for to see if a stock meets the majority of the markers. I prefer to have all seven fulfilled. You can it more in depth here: https://evancarthey.com/how-to-scan-for-winning-stocks-an-insiders-view-to-my-process/
Alliant Energy Corporation (LNT): How High Can This Stock Go? – Fundamentals
- Market Cap: > $300 million
- EPS growth past 5 years: >0%
- P/E: Over 10
- EPS growth next 5 years: >0%
- Sales growth past 5 years: Over 20%
- Debt/Equity: <0.1
- Sales growth qtr over qtr: Over 5%
Does the stock meet these 7 markers?
- Market Cap: 11.58B (YES)
- EPS growth past 5 years: 5.70% (YES)
- P/E: 22.42 (YES)
- EPS growth next 5 years: 5.70% (YES)
- Sales growth past 5 years: 1.50% (NO)
- Debt/Equity: 1.31 (NO)
- Sales growth qtr over qtr: 7.70% (YES)
I used Finviz.com for the fundamental analysis screener.
With Alliant Energy Corporation (LNT) hitting only 5 of the 7 fundamental stock screener parameters I look for in order to be considered a growth stock then this is not a growth stock.
Technical Analysis for Alliant Energy Corporation
In the daily chart, we are waiting for the 127 long setup to come back and be hit in order to get started. Price needs to come back and hit the top pink line at $45.74 for the trade to initialize. Then the exit will be at the top of the green box at around $47.00. But if the price doesn’t hit that exit and goes down and hits the 2nd pink line at $43.88 then the exits move to the top of the teal box at around $45.60. Finally, if the price continues to go down and hit the bottom pink line at $40.81 then all exits move to the top of the blue box around $43.15.
If an exit gets hit without an entry being hit then the move is over and time to look for a new setup. Do not look to get in at any entries that were not hit.
In another daily chart, LNT is currently in a 127-161 short setup. Right now the current exit is the bottom of the blue box at around $47.00. If the price goes up and hits the pink line at $50.50 then the exit moves to the bottom of the teal box. That exit would be around $48.75. If the price continues to go up then the exit does not move from the bottom of the teal box. You can, of course, get in if the price continues to move higher and has not hit an exit.
Once an exit is hit then the move is over and time to look for another setup.
Conclusion for LNT
As far as being a growth stock LNT isn’t quite there. Their numbers overall are not bad for what I look for. But I look for all 7 parameters being met for a stock to be considered a growth stock. For the technical side, the stock is currently in a short setup. We are waiting for a deeper retracement for the long setup to initialize.
Popular Links
Here are a couple of links if you are looking at how I view the market and some trade setups. You can create your own trading style and setups. Quit paying losing traders to teach you. The only thing they teach is how to lose money.
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