IGT - rising wedgeThe price is still moving inside the wedge.
A good time to enter the short position would be when and if the price breaks out of the support.
Target is shown on the chart.
IGT
Long Trade in IGTThe leisure gaming group, as a whole, is setting up in a textbook breakout pattern.
Group moves like this can be powerful. The combination of a group move and a similar pattern from an individual stock within that group can lead to a strong advance higher.
IGT stock just made new 52-week highs.
After a shakeout move in mid-March, the stock completed a textbook cup-with-handle pattern and broke out through resistance at $27.
The 200-day moving average has turned up, and all other key moving averages are trending higher and supporting the stock.
Depending on one’s risk tolerance, IGT could be bought here.
My stop would be at 25.75, just below the 50-day moving average and the recent swing low. That would equate to a risk of 8.4% on the trade.
If IGT pulls back to the HKEX:27 area, that would be a great place for a pullback buy or to add on to the position.
Long | IGTNYSE:IGT
Possible Scenario: LONG
Evidence: Price Action
Entry point: buy signal 32.20$
TP2: 33$
TP2 : 34$
Call options, Strike 38$, 11/ 19/2021, 100 contracts, cost 6K, profit in target 1: 2K, in TP2: 4K
*This is my idea and could be wrong 100%
Long | IGTNYSE:IGT
Possible Scenario: LONG
Evidence: Price Action,
TP1: 26.70$
TP2: 28.5$
TP3: 29.30$
Call options, strike 29$, 10/15/2021.
Call options, strike 30$, 10/15/2021.
*This is my idea and could be wrong 100%.
Long | IGTNYSE:IGT
Possible Scenario: LONG
Evidence: Price Action
TP1: 25$
Call options, Strike 25$, 07/16/21
Call options, Strike 28$, 06/18/21
*This is my idea and could be wrong 100%
$IGT - Double Bounce?$IGT is trading below 2x stddev off of linreg(255day) bands. That's my zone. Will be looking at news + options for swinging this one with some medium-length calls.
IGT Bullish SwingGap and go today. Since this ended up retesting (due to opening right near a resistance level), I want the stock to break through today's high before getting in. I would prefer a close above my buy price and then a retest of the support level. There has been lots of volume on this one too.
If the stock does not break through within a day or two, I will re-evaluate an entry and stop. I wouldn't mind if IGT trades sideways for about a week to let the short term EMA's catch up.
IGT - Bear flag formation Short from $23 to $20.13 IGT seems forming a bearish flag formation. A break of $23 will be flag pattern breakdown confirmation. And we think it can go down to $20 area at the breakdown.
* Trade Criteria *
Date first found- March 13, 2017
Pattern/Why- Bear Flag formation
Entry Target Criteria- Break of $23
Exit Target Criteria- $20.13
Stop Loss Criteria- $24.13
Please check back for Trade updates. (Note: Trade update is little delayed here.)
