upward trend for evri NYSE:EVRI
keep your eyes out on this ones folks.
we are still bullish long term. that being said there been a dip in this stock as of lately.
we are at a "price action point" come Monday depending on the market we might break support I won't do anything as of yet I would let the market show its hands.
hoping it would drop down a bit maybe to around 3.90-3.70 I buy ALOT more....but still gonna buy some now its a great dip
EVRI trade ideas
$EVRI Bounces Off Trendline Support$EVRI is another casino play that has caught our attention. The stock looks awfully cheap and trades at just 0.38x sales, 0.7x cash, and a PEG ratio of 0.70. When the market rebounds, $EVRI will outperform. Furthermore, insiders have recently been buying the stock, which is always a good sign.
Everi Holdings Inc. provides technology solutions for the casino gaming industry in the United States, Europe, Canada, the Caribbean, Central America, and Asia. The company operates in two segments, Games and FinTech. It offers gaming products, such as classic mechanical reel games, video reel games, core HDX, Empire MPX and the Texan HDX, wide area progressive games, and slot tournament systems; and sells player terminals, licenses, back office systems, and other related equipment. The company also provides Cash access services; Casino Cash Plus 3-in-1 ATM, a cash-dispensing machine that enables ATM cash withdrawals, POS debit card cash access transactions, and credit card cash access transactions; check verification and warranty services; CashClub that provides gaming establishments with a single dashboard interface to streamline credit and debit card cash access transaction processing and check warranty transactions; fully integrated kiosks that provide multiple functions to the casino floor; and other integrated kiosk solutions. In addition, it offers Everi Compliance, a suite of compliance software to assist with anti-money laundering regulations; Central Credit, a gaming patron credit bureau service; non-ATM terminals that perform authorizations for credit card cash access and POS debit card transactions; database services; and an online payment processing solution for gaming operators in states that offer intra-state, and Internet-based gaming and lottery activities. The company was formerly known as Global Cash Access Holdings, Inc. and changed its name to Everi Holdings Inc. in August 2015. Everi Holdings Inc. was founded in 1998 and is headquartered in Las Vegas, Nevada.
As always, trade with caution and good luck to all!
Bounce upI see this one bouncing up early next week. As you can see it is sitting at the 200 EMA. It has tested the 200 EMA 2 times, this will be the 3rd and they are all in line with the trend line and upward channel. The short interest is below 2% indicating most people are thinking it is going up.
As you can see the top channel would be around $9.75-$10 depending on how long it takes to rise. I suspect profit taking around $8.70-$9.25 due to the large gap up and high volume back on 9-13-18.
Also, earnings are 11-6-18 so I would get out before then, at least trim my position by 75-80% depending on how I did on the trade.
EVRI Simple Play Off SupportI really like this company so I am a little biased. I usually wouldn't add to a long term hold off of a dump, but you know, stuff happens. Assuming this plays out right, I will probably sell 3/4 of my position at the top of the bounce and keep the rest as a long term hold. Once this name loses momentum it moves really slow which is why I'm playing it this way, lol it is way too boring to watch every day. Regardless this should be a nice play off support.
EVRI - Flag formation potential Long from $6 to $6.66EVRI seems to be flagging. We would not buy it now, we would watch its intraday activity tomorrow. We would like to see a break of over head resistance for the entry.
* Trade Criteria *
Date first found- April 11, 2017
Pattern/Why- Flag formation
Entry Target Criteria- Watching for breakout of over head resistance, possible entry at Break of $6
Exit Target Criteria- $6.66
Stop Loss Criteria- N/A
Please check back for Trade updates. (Note: Trade update is little delayed here.)
EVRI looks quite long orientatedEveri Holdings Inc. looks pretty good after a down trend and now chances to go higher in accordance with earnings. Nevertheless in the light of technical analysis the chances for down trend are quite high.
So, as traders, we need to be ready to both scenarios and there are our usual two plans:
Plan A : we need to wait until todays markets close to make the final decision, if it's appropriate for long, we'll buy ASAP.
Plan B : in the case the price shows weakness before or after we open positions, we need to be ready tern positions to short.
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