Cameron International Corp (CAM) – Consolidation to end with modest upswing | Technical Analysis | US Stocks Market

Cameron International Corp (CAM) has last announced its quarterly results which saw its earnings decline vs last quarter. This announcement has sent its stock price on a downward trend since Mar 2011. There is some slight relief towards $47.5 during early May 2011 and the crucial breakout point will be at $50.4 to resume the test of next key resistance of $55. Failing to do so would send its price to further lows of $46.5.

20110516 - Cameron International - Technical Chart

Cameron International Corp (CAM) current P/E ratio is at undemanding of 22.39. Cameron International Corporation provides flow equipment products, systems, and services to oil, gas, and process industries worldwide. In anticipation of oil prices & economic landscape improving, this is one stock to keep close watch on. Some analyst has longer term targets set at around $66.

20110516 - Cameron International - Technical Charts 2

Indicators have all started to move upwards, accompanying with good healthy trading volumes.

Good luck!

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