Pre-Market Update: DPZ Potential Option Play into EarningsDPZ is currently sitting a very Strong Support Buy Zone. With this one, we're just watching due to DPZ breaking below it's lower longer-term support level but was completely on low-volume. DMZ does have earnings coming up on Feb. 20th, 2025, which it typically not only does well in February Earnings historically, but DPZ has consecutively beat the street on expectations set.
At best place this on a watchlist or look at potentially options going into earnings to the upside. With that, we would look at the $440 - $460 Price Levels see a Resistance Retest and break higher going into earnings at best.
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Dpztrade
DOMINOS PIZZA $DPZ | RANGE BREAKOUT AFTER EARNINGS? - Oct 06 '24DOMINOS PIZZA NYSE:DPZ | RANGE BREAKOUT AFTER EARNINGS? - Oct 06 '24
BUY/LONG ZONE (GREEN): 435.00 - 475.00
DO NOT TRADE/DNT ZONE (WHITE): 420.75 - 435.00 (can be extended to 402.00 - 435.00)
SELL/SHORT ZONE (RED): 370.00 - 402.00 (can be extended to 370.00 - 420.75)
Weekly: DNT
Daily: Bearish
4H: Bearish
NYSE:DPZ saw a massive drop from previous earnings, -13.57% drop post earnings release. Price then develops into a range, highs around 442 - 445 level, lows around 402. I am looking for the next earnings release (Oct 10, pre market) to be a catalyst to either breakout or breakdown the range that we've seen the past couple of months. I am looking for price to remain between the levels 420.75 and 427.75, or to break above 427.75, but rest under 435.00 until the earnings report is out.
This is what I would personally look at before entering trades, everything is subject to change on a daily basis and as I analyze different timeframes and ideas.
ENTERTAINMENT PURPOSES ONLY, NOT FINANCIAL ADVICE!
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