Strongest company fundamentally But technically its in a bearish trend short term . Safe entry Entry @ 55 TP @ it will not stop giving Stop loss
A small leg up before the Head and Shoulders bearish Chart Pattern gets completed. Analyzing the options chain and the chart patterns of CPRT Copart prior to the earnings report this week, I would consider purchasing the 45usd strike price Calls with an expiration date of 2023-9-15, for a premium of approximately $0.72. If these options prove to be profitable...
About to break weekly MA & H&S potential. Small Insider selling. This is not ready based on swing trade (daily) chart. Looking for rally to around 43.80-43.90 then reversal down and break below 42.73, first potential target of 39.57. Then based on that would consider a stop above 44.13. (see video for full details)
Entry: when price clears 89.79 Volume: with daily volume greater than 2.6M Target: 94.50 area Stop: Depending on your risk tolerance; 88.23 gets you 3/1 Risk/Reward. This swing trade idea is not trade advice and is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed while evaluating this trade idea. Do not...
Copart, Inc. is an online auction and vehicle remarketing services company headquartered in Dallas, Texas. On January 31, 2023, Copart, Inc. stock closed at $66.61 per share. One-month return of CPRT was 7.47%, and its shares gained 1.03% of their value over the last 52 weeks. The company has a market capitalization of $31.726 billion. CPRT is expected to report...
Nice trade setup, short term reversal of existing down trend in the daily gives a low risk entry on the long side. Stop is tight, so either risk small at the stop or maybe consider using options to play this, keep in mind the box gives you an idea of the duration of a possible bullish swing here, use that as reference for option contract duration. Best of...
IAA is a competitor to the better known and larger CPRT (Copart). They've expanded into near East markets in Russia and former USSR satellites, they've shown decent YOY growth (0.13 EPS, 165m revenue), and they only missed today's earnings by 0.01 (2%) against analyst estimates. Not a high volume stock, but RSI is oversold at 25, and 36 seems to be acting as...
CPRT has a nice setup to continue pushing higher. Nice long lower shadow at a key support level indicates that buyers are stepping in. $145 is my PT for Friday.
CPRT confirms the "Cup and Handle" pattern and is moving well. CPRT buy : $95-100 CPRT target : $130 Stop loss : 10% Wish you a good deal!
NYSE Earnings strategy signal. Online auctions and vehicle remarketing services provider Copart, Inc. has been increasing sales (from $1.15 bln in 2015 up to $2.04 bln in 2019) and EPS (Earnings per share: from 0.87 in 2015 up to 2.57 in 2019) for 5 years. The Guggenheim analyst renewed $CPRT rating in October. This rating was upgraded. The company is likely...
Bought CPRT today considering that the stock has been showing a bullish trend since the beginning of the year, every price decrease was at a higher level than the previous one and currently the stock doesn't have any resistance. The stock volume during the last few weeks was under the average for the last 5, 10 and 20 weeks, so this could mean that the current...
CPRT is approaching our first resistance at 56.01 (horizontal pullback resistance, 50% fiboancci retracement, 100% fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 50.72 (horizontal pullback support, 50% fibonacci retracement). Stochastic (55,5,3) is also approaching support where we might see a...
Guessing this closes one gap or another after earnings. I'm guessing down, P/E ratio of 28 is way too high for an auto auctioneer, Carmax (CMX) already ate **it, pattern is identical.