$BHR Inside dayI saw some good volume today with over $800K and $600K purchases in the last hour of the day. I followed the trade and bought some as well. I am concerned that the 100 EMA is about to cross the 200 EMA which constitutes the death cross. I like this price though and I could see it having some good moves over next few weeks. Treasury yields rising would also be a concern but hopefully we are moving much higher in yields. GLL!!
BHR trade ideas
Not a Hotel Company - Take 2!What I see...
+ Inside Hammer on high volume
+ Prices gap-up, didn't need to pull back to 10ma, before retracing back above day-high
+ RSI is rising
+ MACD is flat but creeping into bullish territory
+ Low price stock
- 10ma is far away
- MACD is bearish
- 1st resistance at high $3
What I setup...
+ Long entry above day high
- Stop under day low
+ Target at mid-$5
:: Duration - 2 weeks
** Comments and Likes are appreciated; New Subscribers deserves a stay at a nice hotel. **
Just Tell Yourself That This is Company is Not Hotels Related...Just Tell Yourself That This is Company is Not Hotels Related...
What I see...
+ Ultra high vol., post earning, to push prices to close above 10ma
+ ...after finding support from the 50ma a few days earlier
+ Bollinger Band is squeezing
+ RSI has just gone above 50 and rising
+ 10ma just crossed 50ma last week
+ Low prices stock!
- Long upper shadow on Friday
- MACD is in bearish territory
- IT'S A HOTEL STOCK!!
- 1st Resistance at high-$3
What I setup...
+ Long entry above last week's high
- Stop at under Friday's lwo
+ Target at high $4
:: Duration - 4 to 10 sessions
** Comments and Likes are appreciated; New Subscribers are hoteliers! **