Could Cellcom Israel Ltd. (CEL) Gain Strenght? The Stock Reaches All-Time Low

Cellcom Israel Ltd. (NYSE:CEL) Logo

The stock of Cellcom Israel Ltd. (NYSE:CEL) reached all time low today, Aug, 15 and still has $2.19 target or 5.00 % below today’s $2.31 share price. This indicates more downside for the $273.03M company. This technical setup was reported by Barchart.com. If the $2.19 PT is reached, the company will be worth $13.65M less.
Trading stocks at an all time low is not easy. Stock at an all time low usually experience even more downside due to very negative fundament. Even thought the pullback rate is high, shorting is not an easy job because the risk of being wrong is big and the risk-reward ratio is always worse than if trading lon only.

The stock decreased 4.94% or $0.12 during the last trading session, reaching $2.31. About 13,301 shares traded. Cellcom Israel Ltd. (NYSE:CEL) has declined 48.29% since August 15, 2018 and is downtrending. It has underperformed by 48.29% the S&P500.

More notable recent Cellcom Israel Ltd. (NYSE:CEL) news were published by: Seekingalpha.com which released: “Cellcom Israel Ltd (CEL) CEO Nir Sztern on Q4 2018 Results – Earnings Call Transcript – Seeking Alpha” on March 18, 2019, also Bizjournals.com with their article: “Cel-Sci gets OK for plan to avoid stock delisting – Washington Business Journal” published on August 17, 2018, Seekingalpha.com published: “Cellcom -2.9% as financing drives Q2 loss – Seeking Alpha” on August 15, 2019. More interesting news about Cellcom Israel Ltd. (NYSE:CEL) were released by: Finance.Yahoo.com and their article: “Celgene Continues Growing While Waiting for its Acquisition to Close – Yahoo Finance” published on August 06, 2019 as well as Finance.Yahoo.com‘s news article titled: “Here’s What Hedge Funds Think About Tailored Brands, Inc. (TLRD) – Yahoo Finance” with publication date: May 07, 2019.

Cellcom Israel Ltd. provides cellular and landline telecommunications services in Israel. The company has market cap of $273.03 million. It operates through two divisions, Cellular and Fixed-line. It currently has negative earnings. The firm offers basic cellular telephony services, such as voice mail, cellular fax, call waiting, call forwarding, caller identification, conference calling, and inbound and outbound roaming services; and data transfer, and upload and download services.

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