BLBD trade ideas
nice staging on BLBDnice staging on NASDAQ:BLBD yearly, quaterly
bull flag breakout
entry $50.27
stop $44.80
T1 $59.22 (take 1/4)
T2 $70.98 (take 1/4)
T3 tbc
Blue Bird (BLBD) Soars: Bullish Momentum or Resistance in Sight?Blue Bird Corporation (BLBD) reached new highs near $36.50. if the stock is poised for a breakout towards $50.
Resistance at $36.50?
The stock's recent climb has stalled near $36.50, a potential sign of resistance. Resistance levels indicate areas where selling pressure might increase, causing the stock price to dip. Whether BLBD can break through this resistance or experience a correction will be a key factor in its short-term trajectory.
The coming weeks will be crucial for BLBD. If the company can overcome the resistance near $36.50, a surge towards $50 is not out of the question. However, a pullback is also a possibility.
Blue Bird Corp 🧙Blue Bird Corp is an American bus manufacturing company. It has its operations in two segments. The Bus segment involves the design, engineering, manufacture and sales of school buses and extended warranties; and the Parts segment which includes the sales of replacement bus parts. It carries its operations in the United States, Canada, and the rest of the world. The majority of its sales are derived from the United States through its bus manufacturing business.
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BLBD- PANIC DIP BUY OPPOTUNITY /DEAD CAT BOUNCE TRADEThis looks like a quick and simple trade idea, or perhaps a great buying opportunity for the long term.
I believe BLBD is quite undervalued, they are the largest manufacturer of school buses in the US, and Canada as well i believe.
The big thing that caught my attention from their earnings report that was recently released is the importance of transferring into a EV play.
They have such a big market share already, that they could easily become top in the EV bus space.
I think there is a high probability that this will at least bounce off the S3 Pivot point and retrace to a .50 Fib level. (roughly around $21.00)
Please share your comments on the Stock Below! Do you think this sell off after earnings is overblown, or do you think this company is currently overvalued?
BLBD Detected possible stock repurchase!!!BLBD: Blue Bird
Received: 2018-06-13 17:45:02
Detected possible stock repurchase
