AGX trade ideas
$AGX Cup and Handle breakout on high volumeNYSE:AGX an IBD50 stock breakout on good volume from a cup and handle pattern. Started small position around $166. Stop is $155. Will increase position size if it can sustain the move.
Is pushingBullish flag inside an inverse HS. Continuation pattern. I like it. Look close, there is a subtle double bottom forming inside the flag.
AGX Argan Options Ahead Of EarningsLooking at the AGX Argan options chain ahead of earnings , I would buy the HKEX:40 strike price Calls with
2023-10-20 expiration date for about
$2.90 premium.
If the options turn out to be profitable Before the earnings release, i would sell at least 50%.
Looking forward to read your opinion about it.
Argan, Inc. Announces Increase to Share Repurchase Program!!!AGX: Argan, Inc.
2022-01-24 16:15:00
Argan, Inc. Announces Increase to Share Repurchase Program
$AGX - gap up after earningsThis was one of my YOLO gambles.
It's gapped up 17% over night. Will watch for how high it can go.
AGX Bullish With Recent CatalystSo currently the chart doesn't look amazing; however, just broke the downward trend! Catalyst today shows this company can acquire future business opportunities. Lets watch as the new trend develops.
Purchased 40.50 and will continue to average in, will update.
AGX - Swing tradeThis looks like a great trade to the 100MA on the monthly chart. This is the only support - Nothing on the daily or weekly for support, look out below!!
AGX is setting up again and why I'm interestedAfter a long run started in June of almost 100%, AGX has quietly consolidated over the past month and a half around the 10wk line. There are more than a few things I like about this setup so here we go:
According to Investors.com AGX is in the #1 rated stock in its industry group and the group rank is 27 out of 197
While AGX has consolidated, its RS line has remained near its highs (see weekly chart)
Selling volume has gotten progressively lighter as AGX has approached the 10wk line
A clear level of support has been established at 54
The support range goes down to 53.30 which correlates to the surge after earnings on 9/7
The distance between support (54) and resistance (57.24) is only 5.66%
