PLAY is forming a potential head & shoulder. It is rolling over & moneyflow is rolling over too. It also had insider selling recently.
It has good potential to go down from here to 28 area, and for short we have very good risk-reward ration over 5:1.
For trade we are also considering $40 January puts.
You can check our detailed analysis on PLAY in the trading...
The trade has a worst case loss of 1.75 points, which is 4.46%.
When investing 22.44% of your capital in this trade, your total portfolio risk will be 1.00%.
PLAY has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately.
Gorgeous bullish gap and go. I learned today D&B was publicly traded. I did not know. Learning something new Errr day.
D&B is gapping out of a distribution phase with amazing volume. I love this company, I've visit this place often. Dropped a few dimes on games and "water". Anyway, from a technical stand point, I like it long term bullish
My 24 hours begins now...
PLAY had a really good ER beat. It had an AH high of 44.75 but then rested at 43.80. Looking back at historical support and resistance at 43, 42.50, and 41.90. Will be interesting to watch if it pulls back to below 43 at the open but then runs toward the AH high of 44.75.
Reasons to buy
Strong Earnings in last quarter
Strong Earnings in past 3 years
Strong volume indicating buys buy institutional investors
Strong compared to S&P500
Confirmed Double Bottom (see chart for details)
Within 5% of buy point
Reasons to tread with caution
Not necessarily a game changing company (opinion)
Not in a leading industry
Market...
A breakout to new highs/ break of the highest closing price will offer a great entry. It will confirm a cup and handle breakout which can cause a significant move to my estimate of 40. And I'm the first person to post a chart on this stock:).
