Ryan Specialty Holdings (RYAN): Super Stock!
Updated
Fundamentals:
RYAN (Ryan Specialty Holdings) is a super stock in my book. The balance sheet is booming off the charts with accelerating earnings and sales. It is in a healthy industry and has great cashflow. Some off-loading of funds for a quarter, but that is probably temporary. 73% return on equity.
Technicals:
Daily:
Technically, on the daily chart, there is a cup-with-handle pattern to boot within a larger weekly cup-with-handle pattern.
Weekly:
Comment:
I already bought it around 55ish and at 49.87 before the breakout based on a higher time frame pullback. Target is 100 by end of year and stop is 41.77.
RYAN (Ryan Specialty Holdings) is a super stock in my book. The balance sheet is booming off the charts with accelerating earnings and sales. It is in a healthy industry and has great cashflow. Some off-loading of funds for a quarter, but that is probably temporary. 73% return on equity.
Technicals:
Daily:
Technically, on the daily chart, there is a cup-with-handle pattern to boot within a larger weekly cup-with-handle pattern.
Weekly:
Comment:
I already bought it around 55ish and at 49.87 before the breakout based on a higher time frame pullback. Target is 100 by end of year and stop is 41.77.
Note
forgot to mention the daily morning star right at support.
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