If Facebook reaches $184 prior to next week's earnings report, I will be opening a short position. While this wouldn't be a text book head and shoulders, it would fit much of that technical profile. Insiders have been selling off large numbers of shares recently. Would place stop near $190 mark as a break above would largely invalidate the idea. In the event that...
High probability, Great Risk/reward, only way it goes wrong is if WMT crushes their earnings. I think even if they meet expectation's it'll still go down. If this chart isn't screaming "overextended" to you, I don't know what would be lol. I'm playing OTM Puts with 2-4 week expiry. Good luck
$TTNP - Earnings Play 11/8'
Currently consolidating and has filled gap. Looking to re-enter as I have bought last week and scaled out on momentum play 10%+; still has more upside.
Insider activity: 78%
Institutional Own: 2 new position
% Shares Owned: 4.06%
# of Holders: 39
Total Shares Held: 2,637,804
SIRI has acquired Pandora (P) and will likely increase subscriptions in coming quarters.
Earnings coming Oct. 26th
Dividend currently measly $0.01/Qtr or $0.04, or 0.64% with current price.
Unless market further corrects this should bounce to 0.500 fibretrace next week for 5% jump, ideally 382 for 10% target.
Placing low ball open order below this at $6.15.
Cameco Corp. Mining Uranium stock likely recovers in breakout of FIB retracements 0.5 (recent down) and 0.382 (recent up) and near 9.81 or drop below 9.50 to 8.95-9.25 resistance.
Point of interest:
* Uranium prices beaten down since 2011 Fukashima Reactor melt-down and back-up generator cooling failures from psunami hitting Japan.
* Japan shuts down all of...
I previously called a technical breakdown in INTC following the competition of the ascending triangle. INTC subsequently fell, but has not yet hit its full down-side price target and has rallied a bit. This is a textbook Elliot Wave zigzag correction pattern and for fundamental reasons I see the final leg of the correction about to breakout, once again to the...
On Friday's Options Action, the crew analyzed the performance of the biotech sector. The NASDAQ Biotech ETF (IBB) that tracks the large cap names have underperformed the overall sector recently. IBB has recently formed both a long term cup & handle formation and an inverted head & shoulders, a bullish setup. Coupled the largest 5 names in this ETF reporting...
With the much anticipated earnings of $NFLX quickly approaching within the next few days, we saw a drop in price at about 4.28% when market closed on Friday. With the earnings estimate being 0.79 EPS and a previous earnings target being met at 0.64, I think Netflix will see a continue rise in stock price in the long run given the earnings report next week goes...
Sold x2 naked puts at the $43 strike for this week's expiration. SQ is gapping down, but should see support in the $45 area. If $45 is lost, that lower trend line will most certainly be tested. I expect a bounce there unless the market completely rolls over.
FYI I don't mind owning shares of SQ long term since I'm confident the stock will rebound.
SFIX retraced today to close at 62/38 Fibonacci of last upwards move. The earnings call scheduled for Mar 12, 2018 at 5:00 PM Eastern could act as a catalyst to retest 30s. Expect some bag holders who bought late in 2018 to bail when they see the green light, increasing the odds of the beloved "gap and trap". Lots of short interest, and lockup expiration coming...
To take advantage of the high volatility and minimize the downside risk as much as possible, I plan on selling a 1097.5/1100 BPS over earnings for $0.40 or better.
The expected move according to ThinkOrSwim is ~$55.
Let's go GOOGL!!!
Company Swinging to a first time ever Profit. At the inflection point in SAAS industry and has a HUGE client that has been delayed all year but expected to close this month. Should be announced at E/R 1/30. Next qtr Revenue/Earnings will Skyrocket. Was $8 Stock last year, and left out of 2017 Rally so has a lot of pent up expansion to do.
GE closed at $32.25 on Dec 20 2016, at the top of its long term trading channel. The stock has lost 50% since, closing at 16.26 yesterday. This downfall has been ugly, with heavy selling volume, especially most recently. There is no telling how much lower the stock will go. Currently, the stock looks oversold on all time frames and could be ready for...
Earnings season is in full swing, with a bevvy of announcements:
NFLX: announces on Monday after market close, with a rank of 79 and a background of 44.
VZ: Tuesday, before market open -- rank 80/background 25.
PG: Tuesday, before market open -- rank 86/background 17.
GE: Wednesday, before market open -- rank 100/background 39.
CAT: Thursday, before market open...