BLMN - Dec 24 100SMA StrongWeak BounceBLMN
Sector: Restaurants
Falling revenue and EPS
Nov Bloomin' Brands is selling 67% of its Brazilian business to focus on the struggling U.S. market, facing strong competition and declining sales.
The sale to Vinci Partners will simplify operations and provide funds for necessary U.S. restaurant remodels and menu simplifications.
Outback Steakhouse is under performing vs it’s peers in an already tough consumer market.
ADR 2.77%
Short Interest 9.72%
Is it a Hype Thematic: Thematic on consumer spend
Insider wise, we are seeing options being executed at higher prices vs current price. CFO’s recent exercised option was at $13.94
100SMA StrongWeak Bounce 🏀 (0.5R) v1.0
Trading risk at 0.5R as we are testing this strategy
This trade model is based on us riding the 100SMA trend waves of the strongest and weakest companies. It only executes well when greater force (RUT & SPX) is trending. Entries are at greater force key levels when it is consolidating. When greater force is taking off it is too late.
Entry
Within Stdev 100 zone
SL = ATR14 * 2 (Run full course no early exits)
Trailing stop (Previous Day Low or high)
Price launch off (D1)
D2 Closes
D3 Move SL to D2 Low
BLMN trade ideas
$BLMN Bloomin’ Brands Promotes Danielle Vona to Executive Leader$BLMN Bloomin’ Brands Promotes Danielle Vona to Executive Leadership Team. New CMO Brings tremendous marketing experience to the table, Recent PT Upgrades and unusual darkpool activity. This looks like a no brainer.
www.businesswire.com
"Bloomin is ready to Bloom again" With the PFE vaccine news, reopen stocks are ready to rock again. Restaurant have started to recover, but there is more upside room.
Looking at BLMN for the following reasons:
1. I have traded the stock from 9 up to the current levels and believe in the management and product
2. The officers of activist group JANA Partners have officially joined the BLMN board - we can expect to see spinoff or sell down of parts of the BLMN
3. Sales are rebounding, operating costs have been reduced and curbside is still strong and holding
4. BLMN has great management
From the trend analysis, the stock printed 18.05 and retraced. Given the reversal of the downtrend, the stock is bound to challenge the 18.05 zone and breaking through put the stock in 19-20 zone where many of the Wall Streets analysts have the price targets.
Bottom line, there is enough to trigger a long position.
Good luck.
BLMN, Short Reasons for short entry .
RSI 71.87 in overbought territory
Debt over equity is atrocious at 225.08 and quick ratio is 0.3 , they do not have enough cash on hand to meet short term or long term debt.
Price to book is 352.83
Trading above avg target price of 20.62
Short float is 15.98% and Short ratio is 5.6
Risks :
Earnings on Feb 25, creates uncertainty , try to exit prior if possible .
Recent large print transactions reported from bots on stock twits
EPS this year forcast +27.80% , eps next year forcast +261.2
Outstanding shares have decreased , an offering, at some point, would not surprise me seeing their quick ratio.
BLOOMIN BRANDS Strategy DailyHey guys, BLOOMIN BRANDS is in a fake bearish push with pent-up buyers' attempt and low past buying volume. While leaning on the TIMEFRAME M1 one sees a marubozu with an abnormal volume of purchase carried out it goes in direction of VWAP. It is very plausible to break it in force at the same time to breakout the purchase price and to go to the last precedent above (See TIMEFRAME H4). For the precession and on the TIMEFRAME H1 with a top as the target objective. No power to land on the TREND-BASED FIBONACCI EXTENSION.
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$BLMN Consolidating Right Under its Run up HighsRestaurant industry is back at levels before covid19 and NASDAQ:BLMN has been consolidating its run up right below $17.70 resistance level . I'll be watching this tomorrow after earning report is out of the way. A daily close above that level could trigger the next leg higher in the stock.
Bloomin' Brands Long PositionWith restaurants slowly opening back up in the United States post Corona I'm looking for this chain to have a strong recovery. I actually worked for Bonefish Grill while in college and their corporate offices are very involved in turning a profit and keeping strict restrictions on staff and efficiency of meal prep. Entries, stop-losses, and take-profits are shown for short, medium, and long term plays. Outback, Carrabba's, Bonefish Grill, and Fleming's all have a great return on their menu items.