Crown Holdings, Inc. (CCK)

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Stock Price History

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Our View

Crown Holdings is a company that makes food and beverage metal cans, aerosol containers, metal closures, and other kinds of specialty packaging. The company is estimated to manufacture every one out of five beverage cans in the world. It benefits from tremendous economies of scale and has more than 200 manufacturing plants around the world. The acquisition of Signode in 2017 has allowed Crown Holdings to diversify its market presence into protective transport packaging. The long-term prospects of a market leader like Crown Holdings are bright.
The 10-year monthly chart for Crown Holdings shows no significant directional movement between 2014 and 2019. The year 2019 is when a strong uptrend began. There was a major fall in March 2020, but since then, the price has doubled. The $100 level is an important one as it acted as a resistance in January 2021 and is now acting as support. The price in July 2021 has bounced up from the $100 level as well as the bottom trend line. The price is set to re-test the peak of $114 hit in May 2021. A stop-loss can be placed below the bottom trend line at $98.

Position entered into our long-term tracking portfolio today. The entry point is at $104.26 and, a stop-loss is placed at $87.95, which is 16% below the entry point. The short-term to medium-term take profit at the top of the trend is set at $114.98, giving a profit of 10%.

Data Explained

On the video and images above you will see the reason this stock was selected.

You will see the image is of a monthly chart of the stock showing the long-term upwards trend formed over the years. You will also see the entry point and the where the stop loss is placed. For more information please watch the video given.

Once it is time to move the original stop loss up you will see an additional image.

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