DPS
DR PEPPER REVISITED (DPS BUY)One of my very first pairs I posted- REVISISTED!
Here is a new plan, as I think now (and at a couple other lower prices) DPS is a decent medium term buy- meaning it's not going to be a day trade, but you're not going to be holding on to it for years.
Fundamentals: In this tricky market we have had towards the end of last week and in to this week, TECH stocks (FB, NFLX, APPL, AMZN, GOOG, NVDA, AMD, TSLA) have been all taking a beating, and stocks like DPS are being dragged with it. However, if this trend continues, people will likely SWITCH from riskier, more volatile stocks and go back in to the fundamentals such as food and beverage, utilities, energy, what have you. DPS has NO reason to keep going down, the company is the exact same company it was at >95$ a share.
Anyways, enough of the fundamentals. I'm putting in my buys and WILL UPDATE THIS CHART AS TIME GOES ON AS TO WHEN TO TAKE PROFITS! So if you're joining the ride, MAKE SURE TO FOLLOW ME OR BOOKMARK THIS CHART.
DPS - Double top formation short from $89.43 to $82/66, $90 PutsDPS looking good as short. In the weekly chart it has broken down long term channel formation, rallied up & tested from beneath & now rolling over. It also seems forming a double Top formation, it gives a further down target at around $66Would consider a stop at 92.23. $90 October Puts are $3.20
* Trade Criteria *
Date First Found- July 5, 2017
Pattern/Why- Upward channel breakdown, Double Top
Entry Target Criteria- Break of $89.43
Exit Target Criteria- 1st Target $82.23, 2nd Target $66.23
Stop Loss Criteria- $92.23
Please check back for Trade updates. (Note: Trade update is little delayed here.)
DPS- Strong insider selling, Short setup from $94.83 to $90 & loDPS had a sharp decline recently & now seems testing its breakdown resistance. It has huge insider selling, we think it will continue its down move after adjusting to its Resistance around $94.43
* Trade Criteria *
Date First Found- May 25, 2017
Pattern/Why- Short from resistance.
Entry Target Criteria- Test the resistance at $94.43
Exit Target Criteria- $90.53
Stop Loss Criteria- $94.83
Please check back for Trade updates. (Note: Trade update is little delayed here.)