BlackBerry (NYSE:BB) is a stock I wrote about recently as one to watch for a potential reversal as one that has been on my bottom scan. Friday that reversal came to fruition to the tune of an 10.75% gain for the stock. Momentum indicators are looking bullish, with MACD crossing abv the signal line and the RSI breaching 50 and presently lies at 54.76. Watch for...
Earnings COST announces earnings on Thursday after market close. With a background implied volatility of 21%, it doesn't meet my basic earnings play sniff test, but naturally that can increase running into earnings, so it may be worth keeping an eye on. Preliminarily, the Oct 20th 158/170 short strangle currently pays 2.21 at the mid with break evens around...
New Support may be forming soon, MOVING UP!
The low 8s high 7s is what I'd like to call strong shelf space. There will likely be a lot of buying in that range. At the .382 ratio off the advanced pattern formation, we have a 3.6 to 1 r/r. At the 618 we have an approximate 6 to 1 r/r. That's attractive. The purple triangle represents a 5-year consolidation. Consolidations like these are RARE. My interest in...
Premium Selling For the umpteenth week in a row, there is little in the market for high quality premium selling plays. Screening for 52-week >70 implied volatility rank, you'll basically get one quality hit at the moment, and that is COST, which has dipped significantly on AMZN/WFM merger news. A few names are approaching that 70 mark, but they have earnings...
I would like to see a double bottom off $8.9's
Sold all today, waiting for Green line to break with Volume to start new position, add on Blue line and Sell all at Red Line.
Run the risk of a 3rd monster gap up... but does look toppy and could get crushed here
Huge gap today. Looking to play the retest. Chart also looks good on a Weekly and Monthly time-frame for a retest of the strong support/resistance level. I'm guessing that it's going to take up to a week before this triggers.
Looks ready to break the channel on the weekly
Nice reversal candle. Accumulating at this level. Upside Targets $7.10 and $7.50
$BBRY BREAKOUT 200MA, WILL IT KEEP UP THE SHORT TERM UP TREND?
This company worth a lot, downside risk is too small... very good longterm investment (also look into twitter)