ARC Harmonics: Gartley Pattern
ARC Document Solutions , Inc. engages in the provision of document solutions to design, engineering, construction, and facilities management professionals. It offers managed print services ( MPS ), offsite services, archive and information management (AIM), specialized color printing, web-based document management applications, and equipment and supplies sales.
I re-evaluated my previous analysis of this stock and found that it is more likely for it to perform a Gartley pattern retracement. ARC has a strong quantitative score around 7 - 8 with analyst ratings of strong buy and hold. The dividend is great at around 31.2% of the share value of our potential entry at 1.56. The ideas here is to buy ARC long from the potential reversal zone, starting at 1.56, and hold until take profits. Sell half at 0.382 retracement and the other half at 0.618 retracement. Dividends pay 0.20 cents per share/year (I'd expect to hold this position for about a year). Gains are approximately 63.4% - 50% at take profit targets. Cumulatively, adding dividend to gains, that's approximately 64.6% - 81.2%. Averaging those totals gives us approximately a 73% gain on this trade.
Good luck and trade safely!
I re-evaluated my previous analysis of this stock and found that it is more likely for it to perform a Gartley pattern retracement. ARC has a strong quantitative score around 7 - 8 with analyst ratings of strong buy and hold. The dividend is great at around 31.2% of the share value of our potential entry at 1.56. The ideas here is to buy ARC long from the potential reversal zone, starting at 1.56, and hold until take profits. Sell half at 0.382 retracement and the other half at 0.618 retracement. Dividends pay 0.20 cents per share/year (I'd expect to hold this position for about a year). Gains are approximately 63.4% - 50% at take profit targets. Cumulatively, adding dividend to gains, that's approximately 64.6% - 81.2%. Averaging those totals gives us approximately a 73% gain on this trade.
Good luck and trade safely!