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PRAA trade ideas

PRA Group: Bullish Shark at a Weekly Support Congestion ZonePRA Group is currently trading above a Support/Resistance Congestion Zone visible on the Weekly Timeframe, and at this zone it has formed a decently sized Bullish Shark pattern with a Bullish PPO Arrow as confirmation, and this all happens to align with the all-time 0.786 retrace. If this plays out, I think it could come back up to make around a 0.886 retrace, which would put it at around $60. For further context, PRA Group is a Debt Buyer/ Collector, which is something that furthers my interests in the stock.
NASDAQ:PRAALong
by RizeSenpai
3
PRA+ECPG Swing {hold} for Sep wk 2Over the last 20 years, total revolving credit owned and securitized is just under $1.1trillion. The charge off rate going back 20 years. In the last crises, we peaked at +%10.5. This is directly correlated to defatling or (180+ days= default). With continuing claims as the independent variable, the charge-off rate is thus dependent. So, for every 1+ million in jobless claims, there is a +1.3% increase in the charge off rate oof credit card corp. paper. However, there is an enormous wave of charged off paper coming down the pipeline later this year (it takes 180 days for banks to charge off delinquent receivables (credit cards)). A Lot of banks rolled out forbearance about 1-2 months a piece, so 6 months beyond this would take us into the later q4 of this year, and into 2021. So this call is a fundamental call to the upside, so keep in mind my duration is multi-year and long-term holding un-marginalized. Historically speaking, when you get a 200 BP rise in the charge off rate, you get a 25% reduction in pricing. This produces a better estimated gross income multiple. What if pricing were to fall by half, with a wave of defaults coming later? This multiple could expand more than 10x, making 2008 credit card defaults look miniscule. I expect this cycle of forbearance could take some time and is a good question. Right now, we have forbearance rates around +8.5%, and delinquency above +6%. The dynamic is unprecedented and above where mortgage delinquencies were in 2008. The biggest uncertainty is what will happen to the enhanced jobless numbers? The majority of 65-70% of people collecting benefits, are collecting more than when they were employed. And this is proven because of both the state and cares act, roughly $1k per week, over +$50k per year being unemployed. These expire at the end of July. The next round of stimulus (HEROS) with members on both sides at a gridlock. This all includes mortgage, auto, credit cards, etc. I think the foreclosure rates will rise, but mostly it will all depend on the rate at which un-employment recovers and what the extensions to the stimulus mentioned above.
NASDAQ:PRAALong
by TayFx
PRA+ECPG Swing Updates: (+66%!! from Published Entry)This has been an excludible value play that was spotted back in Jun. If you would like to see these types of gains, go back to what I said in the original signal given here on my page for free. This has been a gain of +24% for PRA and our +42% for ECPG, This was written by me back in Jun 11th. Over the last 20 years, total revolving credit owned and securitized is just under $1.1trillion. The charge off rate going back 20 years. In the last crises, we peaked at +%10.5. This is directly correlated to defatling or (180+ days= default). With continuing claims as the independent variable, the charge-off rate is thus dependent. So, for every 1+ million in jobless claims, there is a +1.3% increase in the charge off rate oof credit card corp. paper. However, there is an enormous wave of charged off paper coming down the pipeline later this year (it takes 180 days for banks to charge off delinquent receivables (credit cards)). A Lot of banks rolled out forbearance about 1-2 months a piece, so 6 months beyond this would take us into the later q4 of this year, and into 2021. So this call is a fundamental call to the upside, so keep in mind my duration is multi-year and long-term holding un-marginalized. Historically speaking, when you get a 200 BP rise in the charge off rate, you get a 25% reduction in pricing. This produces a better estimated gross income multiple. What if pricing were to fall by half, with a wave of defaults coming later? This multiple could expand more than 10x, making 2008 credit card defaults look miniscule. I expect this cycle of forbearance could take some time and is a good question. Right now, we have forbearance rates around +8.5%, and delinquency above +6%. The dynamic is unprecedented and above where mortgage delinquencies were in 2008. The biggest uncertainty is what will happen to the enhanced jobless numbers? The majority of 65-70% of people collecting benefits, are collecting more than when they were employed. And this is proven because of both the state and cares act, roughly $1k per week, over +$50k per year being unemployed. These expire at the end of July. The next round of stimulus (HEROS) with members on both sides at a gridlock. This all includes mortgage, auto, credit cards, etc. I think the foreclosure rates will rise, but mostly it will all depend on the rate at which un-employment recovers and what the extensions to the stimulus mentioned above.
NASDAQ:PRAALong
by TayFx
1
ListenFor example I sharing this idea now and you are reading this now, you quickly get the idea, without me having to persuade you, because that would put me like a used automobile salesperson position, trying to convince you, to buy shares of this company. The broker is not paying me a commission, for convince untrained traders that this is a good idea only because I say that is good. I'm trying to make a reputation like a stock picker who put ideas based on price action in the desk of Professional Traders. ¿How can I get credibility and demonstrate that high percentage of my ideas works? * First is that I not publish a stock symbol twice. And if you're interested, you'll have to take on the task of looking at all my ideas and establish what is my ratio of ideas that work well compared to the ideas that did not work. (Win/Loss Idea Ratio) * Second and the most important is: All analysis publicly published on Trading View stays public permanently, neither users, nor moderators, nor Trading View staff can delete an idea. www.tradingview.com
NASDAQ:PRAALong
by Alex_Quiroga
1
3 reasons PRAA might be going upgoo.gl Simple technical analysis suggests PRAA stock price is resuming its uptrend. Here is what I've spotted at the daily chart: 1. Retracement back to the major trend line. Confirmation in December, 2013. 2. Confirmation occurred at another key support and resistance level at $50. Also a round number! 3. The trending channel of the pullback that began in November is failing today. Stock price has penetrated the upper band. Disclaimer: I'm long PRAA.
NASDAQ:PRAALong
by JimMakos
PRAA stock price is testing a key support levelHere is the 4-hour chart of Portfolio Recovery Associates Inc. goo.gl Why I'd go long: 1. Key round number ($50). 2. Found support before (July and August). 3. Support confirmation on the 4-hour chart with bullish candlestick. 4. Volume increase. 5. Bounce off the lower band of the downward trending channel. If I bought at $52 and set a stop loss of $2 per share, I'd sell 70% of my position at $54 for a 1:1 risk/reward ratio trade. I'd move the stop loss to breakeven point and would be looking to close 20% of the position 10 dollars higher. That would leave out 10% of my position for long-term gains. Will you be trading PRAA during holidays?
NASDAQ:PRAALong
by JimMakos