LBC trade ideas
A trading idea for LB.Could this pattern trigger a new rally in LB? There’s a real probability that yes, it could. Let’s see.
Today LB made a harami near previous bottom. It would be perfect if the price closed above the purple trendline, but that unfortunately didn’t happen.
Look at the volume, it increased a lot in the last two days.
If tomorrow LB closes above the harami and above the trendline, it would be a nice trade, with a nice risk/gain relationship. The target would be the black trendline, which is a very long one, dating back to 2015, so it is a quite important one.
Let’s see how that will turn out.
LB bearish outlook This is just an idea, might be wrong as the markets are highly influenced by news these days. Fed might pull out another surprise and drive the market bullish suddenly.
Share your comments and feedback.
Always trade based on your judgment, this is not an advice just sharing some thoughts.
LB Lower lows should continueMay be a poor representation of what I see but here goes.. Looks like stock has been making lower lows and recovering to about the previous drops lows. Looking for this to drop below $15 within the next 1-2 months and then potentially retest $20 area.
Fundamentals also seem to support further decline. Recently sold 55% stake in Victoria's Secret brand and is now mainly Bath and Body Works. Market cap still almost 7 Billion. Company continues to post lower net income each quarter for over 3 years.
LB startet a new uptrend? Broke out of 4 months range
RSI : higher lows - higher highs
Golden cross was made
Startet a new uptrend?
Open in : 20.41
Set TP : 24.45
Set SL : 19.60
Risk/Reward Ratio : 4.99
Disclaimer :
im in this stock already from 17.50
This is NOT an investment advice - remember to do your own reseach.
fell free to comment
Will it break the range?long down trend hit long time support / resistance line at 16 ish all the way back to 1986
Range since sep 19 and its been down 4 times , without breaking it,
high volume on buyers the last few days
Made golden cross with the 20/50 MA on the daily cart
the RSI are positive and been a uptrend since sep.
I need it to break up over the small resistance at 19 ish - then i see a buy signal, befor that , it can still drop to support at 16 ish
the fundemental analyse is a littel tricky, but its still better then 2018
link : lb.gcs-web.com
Some experts was neutral befor the eanings as released but now they say buy and they are thinking 21-25 usd.
order set to : 19,5 usd
TP set to : 25
SL set to : 16
please do comment if you have something to say :)
$LB Is A Speculative BuyIt's hard to get overly bullish on $LB, but the chart has piqued our interest. The stock has very strong support at the $16 level and $LB looks to be on the verge of breaking out. With so many bearish on retail names, $LB could outperform quite easily with so many pessimists and shorts in the stock. With 8% of the float short, we could see a nice short covering rally.
$LB is also a deep value play. $LB trades at just 7.9x this year's earnings, .037x sales, and 12.12x FCF. With the stock down from 52-week highs near $30, there's a lot of room $LB can run.
While we wouldn't bet the farm on $LB, it looks to be a speculative buy at current levels.
As always, use protective stops and trade with caution.
Good luck to all!
Options imply upside In L Brands into EarningsEntry level $16.40 = Target price $18.00 = Stop loss below long term support.
Highlighted on Today's Half time report on CNBC, they traders are buying call in LB going into earnings tonight.
There is particularly high open interest at the $20 level down to the $17.50
It is unusual that so many call options are traded give the stock is having such a terrible 2019 and retail is a hit and miss sector this week.
P/E ratio 7.88
Yield 7.39%
Short interest 8.33%