AG8 trade ideas
Short Opportunity on Agilent Technologies, Inc. (A)Pretty apparent squeeze along the top trend line and hopeful looks to plummet back to parallel regression channel coming within the next couple weeks. Would maybe wait for some additional confirmation along the top trend line but take a look for yourself and watch this unfold!
Agilent Technologies Inc (A) july 16Looks like we may get a reversal by the end of today. Note that we are currently 61.8% retracement with a strong directional candlestick at the bottom. Looking for a potential reversal by end of day today in which our minimum upside target will be $71.46. If we break through the lower support of at the 61.80% retracement (or $70.18) to the downside> look for a target of $66.02. Note shown here, are the technical indicators giving a strong signal that a reversal may be possible. Also, please note the vertical grey timing lines on this chart. We are looking at the dates August 2 and/or September 4 before the next major strong directional trend (up or down) may begin and price will probably consolidate between the above ranges until then.
NYSE:A
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A - Bull Put Credit SpreadPA sell off last few days to Mid BB% & 200 MA
Daily RSI Oversold
Found S&R at 73. Looking for consolidation and then reversal to mean back higher.
Aiming for 72.50/70 Put Credit & 75 Call option for Directional bias higher.
Exp Aug 16 but selling to close in Profit well before that.!
Good Luck - Watch YOUR RISK
"A" Short Idea I bought a call credit spread against "A" 72.5/77.5 Credit spread exp June 21st Fill Price 2.49
Earnings are tomorrow but due to the uncertainty in the air with the whole tariff move courtesy of trump everything that recently looked good will look less good because everyone will be skiddish. Let's see how it pans out.
Max loss $2.51 + commission
This is a journal entry and not trading advice.
$A Agilent Technologies strong into earnings We will be looking for a long into earnings depending on the market behavior today. The company is expected to beat earnings and revenues easily and the chart points to further gains if the $74 range can hold.
Average Analysts recommendation BUY
Average Price target $88
Company Description
Agilent Technologies, Inc. engages in the provision of application focused solutions for life sciences, diagnostics, and applied chemical markets. It operates through the following segments: Life Sciences and Applied Markets, Diagnostics and Genomics, and Agilent CrossLab. The Life Sciences and Applied Markets segment offers application-focused solutions that include instruments and software that enable to identify, quantify, and analyze the physical and biological properties of substances and products, as well as the clinical and life sciences research areas to interrogate samples at the molecular and cellular level. The Diagnostics and Genomics segment comprises activity providing active pharmaceutical ingredients for oligo-based therapeutics as well as solutions that include reagents, instruments, software, and consumables. The Agilent CrossLab segment includes startup, operational, training and compliance support, software as a service, and asset management and consultative services.
