Currently testing and holding the $72.50 level. The line of least resistance appears to be higher. A move under the $65 would change my mind. No position at the moment, will update if one is taken.
Above is what I am currently watching on this pair. The outcome will largely depend on what the NFP report is relative to expectations. I would not trade until after the report at 7:30 a.m. CST. Have a good night:)
Under Armor missed their revenue target after 26 consecutive quarters of at least 20% revenue growth. Since trading above $52.50 in 2015, their shares have fallen 60%, now trading under $22.00. This article from spring of last year sums up the "athletic wear" market pretty well. For me, I think this stock needs some time to settle down. The article speaks...
See chart above for my thoughts. Please leave comments, good or bad below. I would love to hear your thoughts. Have a great weekend, Caleb
My comments are on the chart. I would love to hear your opinion, please leave in comments. Have a great day:)
This one is on my watch list. No position yet. Here is the link from Seeking Alpha(nice write up).
No position yet. Refer to chart:) If you have any thoughts about this company, please leave in the comments:)
Taking profits early was a hard lesson I had to learn. I occasionally still do it. See chart For me, the key to LONG-TERM success in this business is not your win/loss rate, but the magnitude of your wins vs your losses. My biggest mistakes have all come from taking profits early, not from taking small losses.
Technically Speaking Price is coming up on the support zone b/w 3-4. The R/R seems to favor a long position at these levels. A good target would be the 2015 high print around 8.50. Risk For me, I always think about risk, not as volatility, but the probability of a permanent loss of capital. You can never know for sure what the probability is but I think...
Technically Speaking For now, the stock is holding the 44ish level. That level has held as support on a few occasions, see chart. The next support level is the 40ish level. A break under the later and it could get pretty hairy. If long or looking to get long, I would stop out somewhere under the 40 level. Fundamentals Hello, in case you have not been paying...
Technically Speaking HAL found resistance right where you would expect, the pivot at 47.50 and the 200 WMA. A clear move above that level and there is plenty of air until the 2015 high above 72.50. A rejection could see a move back toward the 2016 low prints. Of course, the outcome will depend on the companies earnings vs the current expectations. Earnings come...
Technically speaking Last week the stock was rejected again at the 440 level. The 4th time since July. The 440 level seems to be pretty important. The bottom of the tight range since say June is 385ish. A break below that level and the next demand I see on this monthly chart is say 280-240ish. That is a 30%+ slide, seems steep, but who knows. Fundamentals...
Technically speaking A weekly close below the 52 level and the 100 WMA would likely put in play the 200 WMA currently around 44 as the next downside target. Strategy For longs-Buy here around 52.80 with a stop under 50ish. Targeting last years high print around 64. Below 50, more downside is likely.
Disney is coming up upon important support at 90. If one is looking to get long, the R/R from these prices seems attractive. I would look to stop out under the 200 WMA. As an aside, I am reading the book: Walt Disney: The Triumph of the American Imagination by Neal Gabler. Excellent Read Link: www.amazon.com
GLD held the broken trendline and the $110 level. The price action at these levels does not jump off the screen at me, meaning it looks shaky IMO. I would not be surprised if we revisit $100. I still believe the long-term R/R is to the upside from these levels. I will be looking to buy dips b/w 100-110. I would stop out under 100. Let's breakdown the R/R....
Technically Speaking A clear range has formed since September of 2015, roughly 26-35. Price is near the bottom of the range as this goes to publish(28.93). A simple strategy would be to buy 26, sell 35. I would however like to point out that above 35/36, supply is very thin until the 58 handle. Fundamentals The most important variable I handicap for when...
I am short at 83.10 with a stop at 83.25. I sold last Friday after a failure at the 83.20 level. My first target to B/E is ~80. Here is my framework on how I think through a trade. Is this trade worth taking? * Where is the R/R right now? Is it obvious? * Is the market trending or ranging in the time frame you are watching? * Is price currently at a...