Review Update: $ELAReview Update: $ELA
5/5 ⭐️
In Feb 2022 at $4.10/share, I said this stock was a GREAT buy. Now it’s at $7.52/share. Even in this market! Great company, still growing rapidly Y/Y.
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ELA trade ideas
ELA outlookTrend:
Above 50,100 and 200 EMA
Positive ADX, DI above 20
Trend seems to be strong
Macro outlook:
Speciality retail
Engaged in re-commerce business i.e. reselling previously-owned products as whole goods, or recycling items’ components/ materials for reuse
Recommendation:
Wait for price to cross above the resistance @ 7.46 for an entry
It's borring stock, I know. 🔥 🔥 🔥
1. The stock has a long base, it has traded sideways in a narrow vertical range for an extended period of time. This boring trading activity tends to weed out the emotionally-charged short-term traders. . The only shareholders left are the long-term fundamentally-biased shareholders who have no intention of selling their shares any time soon. The longer a stock sets up in a base, the larger the ultimate advance. Stocks that have been basing for a year or more generally offer no clue signaling a break out to the upside.
2 . The stock broke out above 30 week moving average. After It did it, the volume expanded.
3. The 30-week moving average starts to rise.
4. High angle of attack about 40 degrees
5. The stock is under 15$ As a matter of arithmetic, the stocks with the largest percentage moves begin their moves from lower prices. The great thing about a lower priced stock is that it becomes “marginable” around $4 or $5 (depending on the particular broker). To put it simply, when a stock meets this margin threshold, a broker will allow shareholders to borrow 100%-300% or more of the stock’s value to purchase additional shares.
6. Nice clean chart.
7. Had prior momentum.
8. Has consistently reported quarterly revenue and earnings per share that have not deviated significantly from each other over the past few quarters
9. The company recently required other company.
10. P/E 12.49
11. SEQUENTIAL IMPROVEMENT in revenue and earnings
12. INCREASING MARGINS
margin percentage increase from 11.5% during Fiscal 2020 to 12.4% during Fiscal 2021.
13. OPEN MARKET INSIDER BUYING
2022-03-24 14:09:01
2022-03-23
ELA Destefano Allison M Dir P - Purchase $4.40 +1,000 135,026 +1% +$4,400
2022-03-22 14:36:59
2022-03-21
ELA Destefano Allison M Dir P - Purchase $4.40 +2,671 134,026 +2% +$11,752
2022-03-22 09:35:41
2022-03-21
ELA Schepp Richard D Dir P - Purchase $4.39 +15,000 15,000 New +$65,850
2022-03-22 09:35:39
2022-03-21
ELA Pedersen Bret Allen CFO P - Purchase $4.28 +731 50,927 +1% +$3,129
2021-08-10 12:06:33
2021-08-09
ELA Pedersen Bret Allen CFO P - Purchase $4.71 +650 50,196 +1% +$3,062
2021-05-26 17:25:10
2021-05-26
ELA Destefano Allison M Dir P - Purchase $4.38 +2,300 131,355 +2% +$10,074
2021-05-11 09:30:45
2021-05-10
ELA Pedersen Bret Allen CFO P - Purchase $4.02 +2,053 97,999 +2% +$8,243
14. LOW FLOAT AND LOW MARKET CAP
Shs Outstand 26.93M
Shs Float 7.52M
15. Optionable? Yes. Much better if it's not.
16. Short Float 1.68%
17. A GREAT TICKER!
$ELAEntry price : 6.09
Fundamentals :
- Sector: Retail - Jewelry
- EPS % Chg (Last Qtr): 150%
- EPS % Chg (Previous Qtr): 0%
- 3 Year EPS Growth Rate: 56%
- EPS Est % Chg (Current Yr): 110%
- Sales % Chg (Last Qtr): 70%
- Sales % Chg (Previous Qtr): -2%
- 3-Year Sales Growth Rate: 22%
- Annual Pre -Tax Margin: 3.5%
Envela Corp. trade setupEnvela Corp. buys and sells all kinds of jewelries including diamonds, fine watches, rare coins and currency, precious metal bullion products, scrap gold, silver, platinum, palladium, collectibles, and other valuables. It offers its products through retail and wholesale stores, and e-commerce sites. The company was founded on September 16, 1965 and is headquartered in Dallas, TX.
BUY ELA NOW!!!!!This stock is rising and seems to not be able to stop. Strong buy, high Market Cap, and recently pushing efforts to expand their retail, perfect buy. It is in perfect position, and still has much room to grow. It is also growing at a high but steady rate and is ready to hit breakthrough.