PDCO - Double Top Within DowntrendA double top
Labels show similar points in the structure with (2) being the top points.
Weekly chart.
PDCO trade ideas
PATTERSON COMPANIES Publication DailyHey my friends, PATTERSON COMPANIES is in a bullish movement with a sort of hammer candle and momentum on buy volume. In the TIMEFRAME M1 shows us a hammer candle with a sales volume return. She is heading to her last low to do a reversal and go to the top of the consolidation zone to test her. Big possibility of breaking the price at the same time the zone to reach another and go to the next high on this unit. Three excesses (on TIMEFRAME H4) the same (on TIMEFRAME H1) before breakout of the consolidation zone. Little force to test the intermediate median of ANDREWS PITCHFORK.
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BREAKOUT CUP WITH HANDLE AND HIGH VOLUM BUY PDCO ABOUT 32.70$Earnings : Shares of Patterson Companies (NASDAQ:PDCO) moved higher by 0.1% in pre-market trading after the company reported Q2 results.
Quarterly Results
Earnings per share increased 61.54% over the past year to $0.63, which beat the estimate of $0.38.
Revenue of $1,553,000,000 rose by 9.44% from the same period last year, which beat the estimate of $1,420,000,000.
1% CAPITAL
PATTERSON COMPANIES INC
Hey, traders.
Pretty interesting paper to buy.
What's on the chart:
1. Strong mirror level of 23.01 formed by the gap on March 06.
2. We confirm the same level on July 06th exactly.
3. On June 29, we made a false breakout, however we did not roll back down and stopped at the support level of 22.06.
4. We are watching a series of retests of the level.
5. The pressure to the level in the daily chart is obviously forming.
6. H1 chart also is forming a pressure.
Safe scenario:
Waiting for the breakout of the level 23.01, entering the position at rebound after retest.
Protective SL is placed under the breakout bar.
Aggressive scenario:
Entry to breakout level 23.01.
Protective SL is placed under the breakout bar.
One For The Watch ListA continuation of the breakout from Darvas Box would be consistent with the ema's as well as the trend line.
Patterson Companies reversal tradeEntry level $22.30 = Target price $27.30 = Stop loss $21.12
Levels of Interest = $23.75 downtrend line
RSi in strong uptrend.
MACD reversing bullishly
P/E ratio = 36.80
Short interest = 17.15% very high
Average Recommendation:Hold Average Target Price:$20.73
BUY 3
OVERWEIGHT 0
HOLD 8
SELL 4
Company profile
Patterson Cos., Inc. engages in dental and animal health supplies. It operates through the following segments: Dental, Animal Health, and Corporate. The Dental segment provides a virtually complete range of consumable dental products, equipment and software, turnkey digital solutions an value-added services to dentists and dental laboratories. The Animal Health segment distributes animal health products, services and technologies to both the production-animal and companion-pet markets. The Corporate segment comprises general and administrative expenses, including home office support costs in areas such as information technology, finance, legal, human resources and facilities. The company was founded by John Patterson and Myron Fayette Patterson in 1877 and is headquartered in St. Paul, MN.
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PDCO oversold value playPDCO is basing nicely on the daily chart and looks oversold on the monthly. It has a 4.5% dividend and a gap to fill around 28.
PDCO Detected possible stock repurchase!!!PDCO: patterson companies
2018-03-13 17:33:02
Detected possible stock repurchase
#PDCO short #short #stockPDCO has formed small h&S setup. This one will probably play out early next week. indicators all supportive and trend is too.
PDCO is about to get hammered!Broke Long Term support, now has kissed trend goodbye. Look for downtrend to resume!
PDCO (H4). Short Setup potential.PDCO (H4). Short Setup potential.
Wolfe Waves 5 potential.
Breaking Wedge upper bound.
