The selling has to come to end at some stage and investor will realise that the company holds value, retail is just in a major transition from brick and mortar dependency to online. Signet is and has taken significant measure to address the move through inventory control, store closures, lease negotiations and improved online presence. We think that the stock has...
When options traders make a big bet, it always makes a stock interesting as they are often in the know, recent $30 call option volume has been unusually high in the past few days in NYSE:SIG . Which also makes the stock a possibility for a reversal pop is the high short volume and the fact it may have found some support on 2003 and 2009 levels, YIP that's how bad...
Signet Jewelers has had a terrible few years, restructuring, change of leadership & retail spending issues have all added to a already downward spiraling stock price. We take the contrarian side, the stock is now sitting on support from 2011 and indicators are showing that investors have started to return.
they got beat last earning, more than they should.
weekly chart is showing they may reverse here.
This is a long term hold.
Sell 200 $34.00
Stop 200 $23.50
Buy 200 $27.29
As always,
I will give you my fundamental reasons why I like the stock.
I was in the market for a 2 ct diamond ring and did a lot of research.
I reviewed a bunch of sites and...
$SIG has recently gapped down and is currently oversold. Sellers appear to be running out of steam as the RSI starts to head up while the price continues diverging down.
Historically this stock has been good for a short bounce after oversold conditions, the divergence adds more credibility to a short term bounce/trend reversal.
The gap down followed...
$SIG Signet Jewelers now down 30% since earnings release last week. RSI deeply oversold and price at $35 long term support level from April of this year. Expecting a bounce in the near term from this area - targeting $44.00 by year end. Would like to see a close today >= $35.00 for confirmation.
Note: Informational analysis, not investment advice.
$SIG Signet Jewelers (Zales, Kay, Jared) reports earnings tomorrow pre-market. Not a good sign that a descending triangle formed on the daily chart over the last couple months.
Options are showing an implied move post-earnings this week of ~15%. Smart money looks much more heavily weights on puts. There's an unfilled gap down around $44.00 (-12% from current...
This one has broekn short term trend, it needs to close above 60 otherwise it becomes the new resistance.
I am not willing to bet against it right now I think it will recover but if the selloff continues support is around 55$
am actually looking for a good entry point to play the run up to earnings
Sig will give results next week. It has been dow for a while, and now has move to a resitance level. I will play it with options, i will buy the 44 calls and sell the 50 put. all for june 15 expirations so i can have a nice butterfly and space to move either side. i think it will end around 47 or 48...
