Is Liberty Latin America Ready to Breakout?
June 22, 2021 3 min read  This story originally appeared on StockNews    Liberty Latin America (LILAK) has been trending higher since September, but has recently been bouncing off a resistance line. If the stock breaks through this resistance line, a breakout could soon occur. Read more to learn how to profit from this trade. Liberty Latin America Ltd. (LILAK) is a telecommunications company. It is a provider of video, broadband internet, fixed-line telephony and mobile services to residential and business customers. The company's reportable segments include C&W Caribbean and Networks, C&W Panama, VTR/Cableticaand Liberty Puerto Rico. LILAC is slowly recovering from the pandemic. In the first quarter, the companys operating environment was challenging due to reduced tourism and restrictions still in place in a number of markets. Going forward, the firm is looking to bring high-speed connectivity to more households in the Latin America region. The company had $1.3 billion in cash on hand as of the most recent quarter, compared with only $163 million in short-term debt. However, LILAKs net profit margin was -10.5%. Over the past year, earnings were down 22.2%, but analysts forecast earnings will rise 95% this quarter. The stock appears slightly overvalued with a forward P/E of 24.81. The companys stock performance has been mixed since March as shown in the chart below. Click Here to Read the Greatest Trading Book Ever Written  Take a look at the 1-year chart of LILAK below with added notations:  Chart of LILAK provided by TradingView  LILAK has been making its way higher since finding its low back in September, but the stock has recently struggled to get past the $15 resistance (red). A solid close above that $15 level should lead to much higher prices for the stock. LILAKs 52-week high is also $15. The possible long position on the stock would be on a breakout above that level with a protective stop placed under it. I have explored virtually every flavor of technical analysis and chart pattern known to mankind. The sad fact is that the vast majority of them dont work at all. That is why I recently put together this special report to help investors focus on the only 5 chart patterns that matterthe ones that lead to the most timely and profitable stock trades. Click below to get your copy now! 5 WINNING Stock Chart Patterns  Have a good trading day! Good luck! Christian Tharp, CMT  @cmtstockcoach  LILAK shares were trading at $14.30 per share on Tuesday morning, up $0.01 (+0.07%). Year-to-date, LILAK has gained 28.94%, versus a 12.92% rise in the benchmark S&P 500 index during the same period. About the Author: Christian Tharp  I am an expert stock market coach having helped over 4000 beginner and advanced traders & investors from around the world take control of their financial futures. I also write stock market related articles for the Adam Mesh Trading Group and Yolo Publishing. More... The postappeared first on