Positive fundamental factors to consider:
- Insider buying s.flashalert.me
- SEC inquiry coming to an end foxbusiness.com
- Working with Oppenheimer M&A to sell retail
- Search traffic up 50% in Q3 twitter.com
- Global rank soaring higher twitter.com
- Dividend on the 23rd
- 31% Increase in traffic from Overstock.com to payment processor twitter.com
- Seeking...
In addition to what is highlighted in the chart, the low of yesterday bounced off of secondary cloud support on the daily chart.
Positive fundamental factors to consider:
- Insider buying s.flashalert.me
- SEC inquiry coming to an end foxbusiness.com
- Working with Oppenheimer M&A to sell retail
- Search traffic up 50% in Q3 twitter.com
- Global rank soaring...
As much as shorts will have you believe that there is no reason for them to be concerned they are already covering and the number of shares sold short is down 17% from the highs.
Not covering here near the golden cross, 9% above the 200-day MA is very risky even from a TA perspective.
Additionally, the date of record on the new dividend is only 24 trading...
The stock overcorrected due to the communication style of the eccentric CEO Patrick Byrne. The nature of what was communicated concerned shareholders but should have no bearing on the performance of the company. Search traffic is up meantime and the recent earnings conference call was positive. I see this as an overreaction on the part of many shareholders...
As mentioned in the chart linked below $OSTK has a lot of momentum to the upside and yesterday's earnings call just reinforced this right as it breaks through weekly cloud resistance. Typically this indicates that there will be a continuation to the upside. I expect to see the price break 30.15 over the next few weeks and don't expect there to be much resistance...
$OSTK has a lot of momentum to the upside and yesterday's earnings call just reinforced this right as it breaks through weekly cloud resistance. Typically this indicates that there will be a continuation to the upside. I expect to see the price break 30.15 over the next few weeks and don't expect there to be much resistance beyond that until around $39.50...
Patrick Byrne's stock sale to cover personal obligations induced capitulation in the stock price. Subsequent insider stock purchases have made it clear that this was not a sale induced by anything other than debt obligations.
As seen in the chart, mean reversion is overdue and probably being held back by a continued downtrend in the entire market. With the S&P...
OSTK has seen capitulation many times over the past 15 years. The small float makes it an easy target for mid-tier short sellers who can help it maintain a downtrend relatively easily compared to higher float stocks.
These long downtrends usually end in capitulation, well below the estimated valuation of the company. It is common for there to be a shallow (in...
The Parabola seen here is a common and fairly reliable bottoming pattern. Bouncing off the high of the previous price surge is also a common and reliable bottoming pattern as resistance becomes support. It is bullish when you see that buyers and sellers are coming into balance above support.
It looks like this could be the bottom of the ABC correction wave which started at $23.40.
The Tenkan and Kijun cross, the could flip as well as the demonstrated cloud support are all bullish indications.
A close below $16.70 could spell trouble for the uptrend, however.
It is interesting to me that the price dipped at all. It looks like many traders are confused about the meaning of what an MOU is. Donald Trump recently was confused about it when the term was being used for the document spelling out the trade agreement with China.
www.stockme.info
Regardless of that, it looks like the wider ABC corrective wave is now complete...
