A Timely Ticker

By Stephen W. Bigalow

C3.ai (AI), an artificial intelligence software company, provides application development and creates a runtime environment that enables customers to design, develop and deploy enterprise AI applications.

It’s part of what several analysts view as the next major expanding industry, and it offers AI applications for oil and gas, chemicals, utilities, manufacturing, financial services, defense, intelligence, aerospace, healthcare, and telecommunications.

The multiple uses benefit many business applications and can provide for great expansion of earnings. Annual sales are approximately $252 million, with upside expectations.

As illustrated by the fry pan bottom breakout on the candlestick chart, investors have recently become strongly interested in this area.

A classic fry pan bottom followed by a J-hook pattern indicates the next phase of interest. Trading up through the $27.50 level would confirm a classic pattern, making the next likely target, wave one equaling wave three, target the $42 level. Buy on any trading above $27.50 and place a stop back at the $26 level.

J-hooked on AI

C3.ai’s recent price movements may lead to trading opportunity ahead.

BUY above $27.50

STOP $26.00

C3 AI, Inc. (AI)

Technology: Artificial intelligence software

Market Cap: $2.47 B

Employees: 574 (as of 2021)

Beta versus SPX: 1.49

One-year total return: 2.08%

Analysts’ target (Avg.): $27.50

—(As of Feb. 22)