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Why Barchart’s Top Technical Analysis Expert Isn’t Adding This Hot Stock (Up 220%) to His Portfolio

Why Barchart’s Top Technical Analysis Expert Isn’t Adding This Hot Stock (Up 220%) to His Portfolio

3d illustration inflation and deflation graph by Deepadesigns via Shutterstock
3d illustration inflation and deflation graph by Deepadesigns via Shutterstock
  • Calumet (CLMT) exhibits strong technical momentum, with shares setting a new all-time high on Friday, Sept. 18.

  • Shares are up more than 220% over the past year.

  • Analyst sentiment is divided with price targets ranging from $40 to $75.

  • I remain cautious due to inconsistent future revenue and earnings expectations, despite exceptional recent price appreciation.

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Valued at $5.2 billion, Calumet (CLMT) manufactures, formulates, and markets a diversified slate of specialty branded products and renewable fuels to customers across a broad range of consumer-facing and industrial…

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