ANGI trade ideas
ANGI fills out leadership team with chief people officerANGI Homeservices (NASDAQ:ANGI) has promoted Michael Wandered to the post of chief people officer.
He has been senior VP of People at Handy Technologies, acquired by acquisition last October.
The new role expands his oversight to cover HomeAdvisor and Angie's List as well. It's the latest C-suite move for ANGI, which also recently named a chief product officer, chief legal officer and chief financial officer.
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ANGI HomeServices - LONGUptrend. Moving Average crossover. Positive earnings. Using the 20 EMA as a stop.
Risk: resistance @ the 100 and 200
Keeping a close eye on the SPY for ANY SORT of weakness here esp. with the 200 overhead -a particular hot spot.
Super small share size until the 200 is resolved. Break above and hold = add more shares.
Actively long 0.2% capital
Reports First Positive Earnings QuarterFunds all over this, volume barely declined relative to breakout day, and bands are full and solid green. About to breech psychological milestone at $20.00, which it will, giving you a bit of a buffer. You can hold this or scalp, sell, then wait for the pullback to get back in for a long term hold. I see it triangling with an upward trend for the foreseeable future
If you see a big ask at $20.00, and it starts getting taken, buy. Look for people buying a lot on the ask in the morning. Set 10% stop and scale
ANGI Bullish Swing Right now ANGI is in a channel ranging from 5.22 - 6.00 I think it is going to bullishly break out. RSI MACD and Price Oscillator are all uptrending even though it is in a channel. Potential confirmation is a breakout and divergence from the 35 day MA. I have a stop loss set at 5.19.
Call Buying in ANGI Sets Up Well for a LongEarly in today's session a trader bought 4,630 ANGI Feb 20-22.5 call spreads for $0.40. This is a bullish trade that represents volume nearly 3 times the average daily option volume in ANGI. The stock is also trading above the Ichimoku Cloud indicating it is in bullish territory. We believe that this order flow is strong enough to justify a long in ANGI.
Angie's Short ListAngie's List, Inc. (ANGI) has not added any value to its user experience since going public and it boasts a market cap of $670 million. Angie's Gross margins might look fantastic at 80%-plus, but with no explanation as to what really constitutes cost of sales. Angie's List has not posted a profit since founded in 1995 and last year lost $49 million. A recent law suit filled alleges breach of contract, deception and unjust enrichment. It seeks an unspecified award of three-times the financial damages incurred under a count alleging deception for allegedly mis-applying credit and debit cards to collect the unauthorized bundled membership fees. I do not think this is a very good business model and that fee based membership for this type of business will be very tough to ever make profitable.
Google Trends comparison shows that ANGI is also losing major ground to YELP between 2010 and 2012.
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Stock pattern loose flag or pennant shaping out.
Flag
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Pennant
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