BJ to make new ATH as sector rotation happensTrading BJ to the Fib extenction around 127 so a $12 potential gain.
BJ trade ideas
$BJ bullish outlook. The 'golden cross' of moving averagesAs of March 6, 2025, BJ's Wholesale Club Holdings Inc. (NYSE: BJ) is trading at approximately $110.46 per share.
Moving Averages: The 50-day moving average is currently at $100.8, while the 200-day moving average is at $91.1. This 'golden cross' indicates a bullish trend, suggesting increased short-term momentum relative to the longer-term trend.
Support and Resistance Levels: Key support is around $79.28, based on recent lows. The resistance level to monitor is $99.75, aligning with previous highs.
Notably, the current trading price has surpassed this resistance, potentially indicating a breakout.
Relative Strength Index (RSI): The RSI is at 63.4, indicating neutral conditions; the stock is neither overbought nor oversold.
Moving Average Convergence Divergence (MACD): The MACD line is above the signal line, reflecting bullish momentum and the possibility of continued price appreciation.
Recent Performance: BJ's Wholesale Club recently reported strong fourth-quarter earnings, with shares rising after providing a full-year outlook that met Wall Street's expectations. The company achieved the fastest growth in comparable-club sales in two years, driven by a 12th consecutive quarter of traffic growth, increased digital sales, and record-high membership numbers.
Conclusion: The technical indicators for BJ's Wholesale Club Holdings Inc. suggest a bullish outlook. The 'golden cross' of moving averages, coupled with bullish MACD signals and recent strong performance, indicates potential for continued price appreciation. Investors should monitor these technical indicators alongside fundamental factors to assess the sustainability of this trend.
Slight chance of reversalWe have the bottom indicator flashing. We have a bullish engulfing candle on a support area and on top of an FVG and on the bottom of the BB. Not certain, but a reversal may be possible.
BJ eyes on $84.xx: Double Golden fibs could bounce to $94.xxBJ's has been pulling back from recent highs.
Approaching a major support of dual Golden fibs.
Zone consists of a Genesis fib plus a local golden.
$ 83.94 - 84.38 is the major support to watch.
$ 82.21 - 82.29 could be a dip-add or SL shield.
$ 93.93 - 94.08 is first serious resistance above.
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swing trade ATH patern BJ
-approach to are ATH
-growing company
-large volume
-up trend
-signal above $80 for ath confirmation
-psychological target at $100
-probable profit = 26%
-several possible scenarios:
1.crosses his ATH
2.correction to the trend for a subsequent rebound
3.corection to the support and remains in a sideways movement
BJ's Wholesale Club Falls Short of Analyst ExpectationsBJ’s Wholesale Club (NYSE: NYSE:BJ ) faced scrutiny as it reported its Q4 FY2023 earnings, revealing revenue figures below analysts' estimates. Despite an 8.7% year-on-year revenue increase to $5.36 billion, the membership-only discount retailer failed to meet Wall Street's expectations, prompting questions about its future prospects.
Key Highlights of NYSE:BJ 's Q4 FY2023 Report:
- Revenue: $5.36 billion, missing analyst estimates by 0.7%.
- EPS (non-GAAP): $1.11, surpassing analyst estimates by 4.6%.
- EPS (non-GAAP) guidance for 2024: $3.88, below analyst estimates of $3.99.
- Free Cash Flow: $155.2 million, up 83.2% year-on-year.
- Gross Margin (GAAP): 18%, down from 18.3% in the same quarter last year.
- Same-Store Sales: Up 0.5% year-on-year.
- Store Locations: 244 at quarter end, increasing by 9 over the last 12 months.
- Market Capitalization: $9.62 billion.
Analysis:
BJ's Chairman and CEO, Bob Eddy, expressed optimism despite the earnings miss, highlighting a strong end to fiscal 2023. However, the company's performance raises concerns about its ability to sustain growth in the competitive retail landscape.
As a large-format grocery and general merchandise retailer, NYSE:BJ 's leverages economies of scale to offer competitive prices to its membership base. With an annualized revenue growth rate of 10.9% over the last four years, NYSE:BJ 's has demonstrated steady expansion. However, this quarter's revenue miss indicates a potential slowdown, with Wall Street projecting a modest 2.8% sales growth over the next year.
Same-store sales growth:
Same-store sales growth, a key performance indicator for retailers, remained flat in the latest quarter, signaling a deceleration from previous periods. While BJ's continues to expand its physical footprint, maintaining positive same-store sales growth is crucial for sustained success.
Conclusion:
Investors are evaluating BJ's Q4 results amid mixed signals. While the company exceeded EPS expectations, its full-year earnings forecast fell short. The market responded with a 2.5% decline and currently trading at $72.15 per share.
Looking ahead, stakeholders must assess BJ's ability to address the challenges posed by evolving consumer preferences and intensifying competition. While the company's solid fundamentals and growth prospects may still appeal to investors, uncertainties surrounding future performance warrant cautious consideration.
In conclusion, BJ's Wholesale Club's Q4 earnings report highlights both achievements and areas for improvement. As investors weigh the company's performance against market expectations, the question remains: Is now the time to buy BJ's? The answer lies in a thorough examination of its strategic initiatives and ability to adapt to changing market dynamics.
BJ a recession stock uptrending channelBJ continues overall uptrend with favorable PE discount when compared to COST. This channel has mostly maintained. An options setup in January for 75-80$ calls is a strong potential here as the next time the stock jumps above the channel the price target could be hit. RSI has a ways to go before hitting the usual historical top for BJ as well sitting at a modest 53 today. The stock is also remaining above the 20SMA.
BJ trending upward between two support linesBJ is a stock I have been accumulating over the past few months slowly as a more defensive but still growth play for an every economic environment.
BJs a long-term entry for recession proofingLooking to enter BJs as a Cost competitor, has growing fundamentals, breaking old resistances, momentum is building.
BJ's buy at 62.30Strong fundaments.
PE near a 1 year low
Should be able to control theft better than most.
BJ wave count#NAILEDIT. This one came easy. It's good practice. Let's see what happens from here, but I will be waiting for a close below support and then short it. ;-)
Is $BJ ready to push higher?Notes:
* Strong up trend on the higher time frames
* Great earnings track record
* Basing for the past ~3 months
* Forming a cup and handle with the base ~14% deep and a flat handle
* Formed a bullish engulfing candle a couple of days ago
* Now it's flashing an early entry along with a pocket pivot
Technicals:
Sector: Consumer Defensive - Discount Stores
Relative Strength vs. Sector: 4.8
Relative Strength vs. SP500: 2.23
U/D Ratio: 1.03
Base Depth: 13.97%
Distance from breakout buy point: -1.6%
Volume 15.02% above its 15 day avg.
Trade idea:
* You can enter now as the price is close to its 50 EMA
* It's also breaking above the resistance area of ~77.5 with volume
* If you're looking for a better entry you may be able to catch it around $76.1 as that should hold as support going forward.
All set to drop?Looks like its broken the upwards trend and retesting it. It could retest the 50 level. Time for puts/shorts.
Crooked W//1.414This was looking like a bearish Crab, but for now price has stopped short of the 1.618 which is where the last leg of the Crab should land.
I have been seeing many Ws that are ending at the 1.414 so I added it to my fib table.
I do not know if it will stop here and have searched for the name of the pattern without success.
This could proceed to the 1.618 but the other 3 I have spotted with this W, did not proceed past the 1.414 as of yet. The others turned down at this point and did not return to go to the 1.618 as of yet.
Pocket pivots noted at the support level.
The longer term moving averages still look good which is unusual as of late.
Extension pattern and BJs beat earnings and has enjoyed a long leg up.
I am not sure if this will go down in sympathy with other retailers.
Costco has earnings on 9-22 AMC. Analysts have raised the target for Costco to beat which is unusual as of late. It is almost $1 over last quarters estimate.
Most Earnings I have looked at have been lowered since last quarter.
No recommendation/Watching for now.
BJ Stock Potential.We can get a 7%+ rally from here going to the upside. When the stock market is no longer bullish, this will be a nice stock to short/Put option, but for now I am still bullish until 7%+.
(This is not financial advice, only my opinion.)
$BJ ready to move higher from here?Notes:
* Very strong up trend on all time frames
* Great earnings track record
* Forming a double bottom base for the past ~8months
* It seems like this recent gap down may be forming a handle to the double bottom base
* It needs to hold above $66.35 as support in order to stay bullish
Technicals:
Sector: Consumer Defensive - Discount Stores
Relative Strength vs. Sector: 1.11
Relative Strength vs. SP500: 1.11
U/D Ratio: 2.08
Base Depth: 41.69%
Distance from breakout buy point: -8.68%
Volume 5.8% above its 15 day avg.
Trade Idea:
* You can enter now as it's showing demand around its 50 day line with higher than average volume
* If you're looking for a better entry you can look for one around the $66.35 area as that does seem like an area of support
* This stock usually has local tops when the price closes around 10.68% above its 50 EMA
* Consider selling into strength if the price closes 10.48% to 10.88% (or higher) above its 50 EMA
* The last closing price is 4.3% away from its 50 EMA
$BJ $WHR Short Ideas still early in phase 4 downtrendFor the shorts, more trade ideas on stocks that are still early in phase 4 downtrend IMO.
BJ - see more downside, although would like a retest of breakdown for another opportunity however we may not get one, started short small size, looking for $48 zone to cover
WHR - Better setup IMO, broke down then retest and rejected. Looking for $154 zone to cover
Earnings watch 5/19Earnings watch 5/19:
GOGL
LSPD
GOOS
ROST
AMAT
DECK
BJ
PANW
KSS
PLCE
Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends...
*3x lucky 7s of trading*
7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
Balance sheet
7 Common mistakes:
+5% portfolio trades, capital risk management
Beware of analyst's motives
Emotions & Opinions
FOMO : bad timing, the market is ruthless, be shrewd
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors, no adaptation
7 Important tools:
Trading View app!, Brokerage UI
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big, organized desk
Reading books, playing chess
Sorted watch-list
Checkout my indicators:
Fibonacci VIP - volume
Fibonacci MA7 - price
pi RSI - trend momentum
TTC - trend channel
AlertiT - notification
tickerTracker - MFI Oscillator
www.tradingview.com
$BJ / Long through a Low CheatScan Criteria
Does this stock meet my 8 point scan criteria? Yes
Structural Checklist
1. Can one my proven price patterns be identified? Yes, a Low Cheat
2. Is the 50D SMA trending up? Yes
3. Has price moved >20% since its last consolidation? Yes
4. Is the weekly RS above its Zero Line? Yes
5. Does price action suggest the stock is consolidating / digesting the recent price move? Yes
6. Is the price consolidation longer > 20 days? Yes
7. Has price volatility contracted from left to right? Yes, seen in multiple tight zones in right half of base
8. Has volume volatility contracted from left to right? Yes, although Xmas - NY week exaggerates this
9. Are there visible signs of demand within the base? Yes
10. Are there visible signs supply has been absorbed? Yes, although would like it to be clearer
Pivot Buy Point (Last 3 Bars)
1. Is there a visible Tight Zone? Yes
2. Have there been 3 Tight Closes?No
3. Has there been a 3 bar constructive correction? No
4. Is there a Bullish Inside Bar? No
AND
1. Has volume dropped dramatically? Yes
2. Can risk be managed under 8% in one of 3 ways? Yes
Other Notes
1. None
Scan Score (Minimum 8/8)
All Trading Dirty stocks have a Scan Score of 8
Structural Score (Minimum 7/10) 8.5
Entry Score (Minimum 1/4 then 2/2) 3
$BJ: Budding $COST competitor?Wholesale and membership models have really stood the test of time as we've seen with $COST reaching new all time highs. The Fed doesn't seem too concerned with inflation which could be giving the green light to some of the strong inflation players once again. Wheat threatens a breakout at the time of writing. Good luck traders!
My Test PortfolioThis is a portfolio I created using a Price^2/(Earnings*Sales)
After applying some basic filers (2B+ MKT CAP, AVG Volume>1M, & USA companies), I then calculated the P^2/(E*S) by Multiplying the P/E * P/S. I went long, the lowest 10 values, and Short the highest 10 values.
The idea here is that the market will experience a lot of rotation in the coming year from momentum names to value names.
