ACNT | Ascent Industries Co. | Quick Take

Welcome to the BeachBum Trading channel! In this [ACNT | Ascent Industries Co. | Quick Take] video 🎥, we're gonna take a closer look at ACNT and T, a small cap US steel play. We identified this stock on 19th, when we spotted a sector rotation out of steel. After looking at all the steel companies, we identified ACNT as a potential laggard in the category. This stock has several bottom touches around 8-12 with upside potential into the low 11s, and even up to 18 long-term. They've maintained a good profit margin and have a small float, plus there options available which is a good sign. This could be a potential turnaround play and a way to play the sector rotation in and out of steel. We'll be adding this to our Bullpen stocks so we can keep an eye on it. Tune in to the BeachBum Trading Community Discord Server to get updates about our trades and watch lists. Also, visit our Patreon page for exclusive content. Support us by subscribing to our BeachBum Trading YouTube channel and don’t forget to follow us on social media as well. Thank you for watching!

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📖 CHAPTERS 📖
00:00 - ACNT
02:33 - BeachBum Trading Sites
03:21 - Discord Invite

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🧰 TRADING TOOLS USED IN THIS VIDEO 🧰
🛠️ ChartMill 👉 https://bit.ly/3By9g4X
🛠️ FinViz 👉 https://bit.ly/3h7r8M3
🛠️ Seeking Alpha 👉 https://seekingalpha.com
🛠️ Webull – Get FREE stocks with Webull 👉 https://bit.ly/3jKfvw5

🔽 REFERENCES 🔽
📝 Weekly Trading Game Plan Notes for 7/24 – 7/28/2023 - Part 2 👉 https://docs.google.com/document/d/1u44mP63SfGi3jBOwaWiOBtc2ezll11WK_pVasWJWo4o/edit?usp=sharing
📝 ACNT - Ascent Industries Co. - Home Page 👉 https://www.ascentco.com/
📝 Profile of Ascent Industries Co. (ACNT) stock | ChartMill.com 👉 https://www.chartmill.com/stock/quote/ACNT?a=152324
📝 ACNT Ascent Industries Co. Stock Quote 👉 https://finviz.com/quote.ashx?a=311864277&t=ACNT

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#ACNT #BeachBumTrading #duediligence

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