Progress Software Corp (NASDAQ: NASDAQ:PRGS ) has emerged as a standout performer in the software industry, with its stock experiencing a notable 1.44% rise following the release of impressive fourth-quarter fiscal year 2023 results. The company's robust financial performance and optimistic outlook for 2024 have captured the attention of investors and analysts...
Analyzing the options chain and the chart patterns of PRGS Progress Software Corporation prior to the earnings report this week,
I would consider purchasing the 55usd strike price Puts with
an expiration date of 2023-10-20,
for a premium of approximately $1.57.
If these options prove to be profitable prior to the earnings release, I would sell at least half of...
$PRGS broke out of an 8 months base on earning few weeks ago and been pulling back/consolidating since then. Looks to be rounding its first natural reaction PB buy against that small consolidation area post earning gap.
Extreme vol dry up is what particularly caught my attention
Earning and Sales acceleration on deck to boost.
Nasdaq's sharp drop is creating a few buying opportunities in tech, but I think you have to be choosy. One that I like is Progress Software, which is sitting at 200 EMA support and near trend line support, with a forward P/E of 12 and a 1.8% dividend yield. Progress is fairly innovative, with 3 patents per year per billion dollars of market cap, and it's a growing...
Progress Software Corporation develops and provides various business software solutions to clients. This includes custom application development, data connectivity, file integration, secure platform rollout across multiple applications, network monitoring solutions, and hybrid cloud storage solutions. The company trades at just 5x Sales and 13x EBITDA, and...
Progress Software (PRGS) came out with quarterly earnings of $0.76 per share, beating the Zacks Consensus Estimate of $0.71 per share. This compares to earnings of $0.50 per share a year ago.
Uptrend starts after break above $40
Nice reversal underway after deep retrace.
Point Of Control (redline) should be considerable resistance during any rally.
$37 a reasonable target
Market remain very volatile, only trade with what you can afford to lose, or better sit on your hands and wait for all the madness to pass.
PRGS is potentially in a Cypher pattern. D leg had been completed today and we can start looking for an entry. Use any bullish signals you are comfortable with to enter. Look for 0.386 and 0.618 as initial and secondary target respectively. Stop loss is clearly defined inter the X point
Simple options trade opportunity with the HIGH IV from earning you can can get a directional trade to sell puts and calls spreads or even a full iron condor
Progress Software (NASDAQ:PRGS): Q4 Non-GAAP EPS of $0.79 beats by $0.04; GAAP EPS of -$0.11 misses by $0.33.
Revenue of $123.42M (+25.6% Y/Y) beats by $5.12M.
Shares +7%.
We had a strong grind all week...
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Progress Software (NASDAQ:PRGS) is scheduled to announce Q2 earnings results on Thursday, June 27th, after market close. PRGS looks very appealing pre earnings as it has quite a good record of earnings beats and given the fact that the stock is now about to fill post earnings gaps on the chart, we think a notable bounce could be on the way very soon if not...
Long term PRGS analysis
Abstract:
Midterm short, mid-longterm long up to $61-$74 levels
PRGS has a very clearly printed correction wave that gives a solid base for a high probability long term analysis.
Wave analysis gives us powerful tools for direction and potential forecasting, but it is a probability forecast.
There are two options that can develop. Both...
Abstract:
Midterm short, mid-long term long up to $61-$74 levels
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A best effort promise to publish forecasts each week.
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PRGS has a very clearly printed correction wave that gives a solid base for a high probability long term analysis.
Wave analysis gives us powerful tools for...
PRGS has a classic Dark Pool quiet accumulation pattern followed by a pro trader run and then the HFT gap that is a breakaway gap. The professional traders’ technical footprint was the signal that this stock was poised for an HFT gap or run up.
Results expected 3/31 but most of the result noise seems to be baked in this shakeout here. Sitting at the 200D SMA and with sellers running out of bullets, this could be a good long R/R trade.
