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O-I Glass, Inc.O-I Glass, Inc.O-I Glass, Inc.

O-I Glass, Inc.

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OI trade ideas

NYSE-OI - a good time to buy! (indicator Thewaved)The last signal to buy on this strategy was given September 15. The price of the asset at the time of entry into the trade was 18.29. Our goals for this trade are as follows. Take-Profit is set at 36.6. and Stop-Loss Order at 15.5 At the moment, the the asset price has fallen slightly from the signal level, and this happens quite often before the trend reversal. This suggests that now the conditions for opening a Long position have become even more profitable than by signal. And that means you can enter the position from this level with a good discount. And if we look back, what are we observing then After a great signal that gave us profit of 100%, we closed one deal by a small stop and again entered the deal. It is excellent that our strategy has a risk-profit ratio is one to seven and allows you to easily cope with small losses. And the most important thing that I want to mention is that the price of the last entrance to the position is below the previous exit, and this almost always suggests that the signal will have a profit if no unpredictable events happen. And now let's move on to the most important part, statistics. What do we see from the results The total income on strategy we have 384.09%. The percentage of profitable trades is not so important to us, since the general profit is satisfactory. The profit factor equals 1.506 and this is an excellent result. And all the closed trades in our strategy are 61.
NYSE:OILong
by brandlabelden
1
Breaking the OI Glass ceiling! Long setup!What I see... + Bread-out run throughout last week leading up to Earnings + Prices pulled back; seem to have found Support by the 50 MA + Multi cup/handle formation with higher lows + Prices moved sideway in the past 2 days with contracting vol. - 0.5 Fib could be potential Resistance next - Vol. is still on the low side - Overall trend is still bearish Setup... Long entry above resistance Stop set at Friday's low (aggressive) or Thurs' low (safer) Target is 0.618 Fib.
NYSE:OILong
by ShakeShakeLeg
$OI Trading At Trendline Support$OI has caught our attention as it trades at trendline support above $5, down from 52-week highs of $20. Like all other stocks, $OI has gotten hit due to corona, but we think $OI has a good risk/reward setup. The stock trades at just 2x this year's earnings and 0.13x sales. Last week, $OI put out and update and here's what management had to say. “O-I’s operating performance through February has been solid, and pacing in-line with the company’s most recent earnings guidance for the first quarter of 2020. Overall, sales volume has been flat with the prior year. Higher shipments in Asia-Pacific (including China) and the benefit from the Nueva Fanal acquisition offset continued lower beer demand in North America which has been in-line with our expectations. We benefited from higher average selling prices as well as favorable sales mix and cost performance, especially at the company’s focus factories. We are pleased with the progress of our turnaround initiatives and overall business performance to date,” said Andres Lopez, CEO. Lopez continued, “Despite the challenges associated with COVID-19 and resulting economic disruption, O-I’s business continues to operate without interruption and recent demand patterns remain stable through early March. O-I continues to closely follow guidance from the World Health Organization, U.S. Centers for Disease Control and Prevention as well as federal and state governments in appropriate jurisdictions related to COVID-19. The company has been working with customers and suppliers alike to develop preparedness plans in response to this rapidly evolving situation. We are better integrated as an enterprise and prepared than ever to move with speed and agility to execute any contingency plans if required.” CFO John Haudrich added, “O-I continues to advance its strategic portfolio review, as expected, and the company’s balance sheet is sound. Following refinancing activity last year and given proceeds from recent divestitures, the company’s liquidity position is strong with cash and available lines of credit of approximately $2 billion at December 31, 2019 and no near-term bond maturities. Year-to-date through February 2020, cash flows compare favorably to the same period last year given lower working capital levels, lower capital expenditures and suspension of asbestos related payments. The Chapter 11 process of O-I’s subsidiary Paddock Enterprises is proceeding as expected. Paddock has opposed a request by the U.S. Trustee to examine its Corporate Modernization transaction, which is a strategy that has been widely and successfully used by other companies and which we believe enhances Paddock’s ability to resolve its liabilities fairly and in way that maximizes value for all stakeholders. We are confident that the Corporate Modernization transaction fully complies with Delaware law and will be validated through the bankruptcy process. Paddock remains committed to addressing its legacy liabilities in a just and appropriate manner and is continuing work with its creditor constituencies towards achieving a consensual Plan of Reorganization.” As always, proceed with caution and good luck to all!
NYSE:OILong
by OptionsGains
#OI #stock #shortOI has formed a nice H&S. Indicators support it and so does the trend. I would really encourage you to scroll up the timeframe charts. This stock looks like it could get locked into a bearish downturn for a very long time with some fun gyrations. Overall score is a 10, so this will go to the top of the options shopping list. Weekly there is a large H&S with two out of three indicators supporting (MACD & Stoch RSI) Monthly the H&S can be seen on the monthly chart and so to can a large declining triangle. indicators are supportive. trading pattern criteria confirmed pattern 1 pattern confirms trend or confirms broken trend 1 pattern is syemtrical 1 pattern leans in the direction of the move 1 stoch RSI confirms  1 macd confirms 1 obv confirms 1 pattern confirms on 1 higher time frame chart 1 pattern confirms on 2 higher time frame chart 1 pattern confirms on 1 lower time frame chart 1 Total score 10
NYSE:OIShort
by The_Patterns_Guy
October 23 Earnings: Owen-Illinois - Currency advantageOwen-Illinois is going to benefit from the strength of the Euro and the Mexican Peso with its international operations. Better price-cost margins enhancing system pricing to aid overall sales in the quarter. Even with the company's higher costs with overall operational expenses, I believe the pros outweigh. I believe the company will benefit from the aforementioned factors and am starting OI with a $27.00 PT. A tight stop loss to prevent 52-week high slippage is advised going into earnings.
NYSE:OILong
by TraderDanER