SIG trade ideas
Signet could get a major Short Squeeze Entry level $16.87 = Target price $19.61= Stop loss $16
Huge 36% short interest , could fuel a massive rally if results surprise.
Company profile
Signet Jewelers Ltd. engages in retailing of jewelry, watches and associated services. It operates through the following business segment: North America, International segment, and Others. The North America segment operates jewelry stores in malls, mall-based kiosks and off-mall locations throughout the U.S. and Canada under national banners including Kay, Zales, Jared and Piercing Pagoda, as well as a variety of mall-based regional banners. The International segment transacts mainly in British pounds, as sales and the majority of operating expenses are incurred in that currency and its results are then translated into U.S. dollars for external reporting purposes. The Other segment consists of all non-reportable operating segments, including activities related to the direct sourcing of rough diamonds, and is aggregated with unallocated corporate administrative functions. The company was founded in 1949 and is headquartered in Hamilton, Bermuda.
Does this look familiar? There is something, isn't :) Breaking and closing above 18.04 might change the downward trend to upward. Soon enough we'll see it.
Signet Jewelers buy time for meClean reversal off of the majestic .95 and a higher low on monthly. It it breaks the .95, I'll say a few prayers for the jewelry business and walk away.
Are we really seeing starting Bull's trend up?Although trade volumes are increasing every day we are not seeing strong upward trend, PT 19.13, if breaks and closes above could go further upward.
SIG Strangle with Earnings on 9.5.19@ Open placed following
SIG SEP 6 2019 12 Call @ .72 X5
SIG SEP 6 2019 10.5 PUT @ .70 X5
Market is obviously not thinking that results will be too solid as down almost 10% today.
SIG short range 18.50-16.50As there is no enough volume to break 19.09 and to keep climbing up, probably will see dive down in short run.
GOOD RISK REWARD IN SIGNET JEWELLERS LONG. The selling has to come to end at some stage and investor will realise that the company holds value, retail is just in a major transition from brick and mortar dependency to online. Signet is and has taken significant measure to address the move through inventory control, store closures, lease negotiations and improved online presence. We think that the stock has possibly found support and a long opportunity may be on the horizon.
We await greater volume and they bullish divergences to become more pronounced.
Any positive news could bring a mighty short squeeze.
Market capitalization of $0.9 billion and enterprise value of $2 billion is backstopped by $1.6 billion non-cash working capital.
At current levels, with a well-funded 8+% dividend yield, in my view SIG constitutes an exceptional investment suitable for contrarian and value-seeking investors.
SIG is not in existential risk. The company should continue to generate robust free cash flow. Debt servicing metrics are reasonable and should improve.
Short interest 23.57%
$SIG Options and high short interest make Siget interesting.When options traders make a big bet, it always makes a stock interesting as they are often in the know, recent $30 call option volume has been unusually high in the past few days in NYSE:SIG . Which also makes the stock a possibility for a reversal pop is the high short volume and the fact it may have found some support on 2003 and 2009 levels, YIP that's how bad it is 2003. Keep it on the watchlist as a short squeeze could forthcoming.
SHORT INTEREST 23.23% (VERY HIGH)
AVERAGE ANALYSTS PRICE ESTIMATE $26.43
AVERAGE ANALYSTS RECOMMENDATION HOLD
9 HOLD
1 SELL
COMPANY PROFILE
Signet Jewelers Ltd. engages in retailing of jewelry, watches and associated services. It operates through the following business segment: North America, International segment, and Others. The North America segment operates jewelry stores in malls, mall-based kiosks and off-mall locations throughout the US and Canada under national banners including Kay, Zales, Jared and Piercing Pagoda, as well as a variety of mall-based regional banners. The International segment transacts mainly in British pounds, as sales and the majority of operating expenses are incurred in that currency and its results are then translated into US dollars for external reporting purposes. The Other segment consists of all non-reportable operating segments, including activities related to the direct sourcing of rough diamonds, and is aggregated with unallocated corporate administrative functions.
Signet Jewelers reaching capitulationReady to buy at the 0.95 so long as the company doesn't fail. Highly doubt they will.
$SIG SIGNET JEWELERS is a diamond in the roughSignet Jewelers has had a terrible few years, restructuring, change of leadership & retail spending issues have all added to a already downward spiraling stock price. We take the contrarian side, the stock is now sitting on support from 2011 and indicators are showing that investors have started to return.
Long Diamond industry(SIG)they got beat last earning, more than they should.
weekly chart is showing they may reverse here.
This is a long term hold.
Sell 200 $34.00
Stop 200 $23.50
Buy 200 $27.29
As always,
I will give you my fundamental reasons why I like the stock.
I was in the market for a 2 ct diamond ring and did a lot of research.
I reviewed a bunch of sites and I was really impress JamesAllen.com, did a backsearch to see who owns it and Long and behold it was SIG.
"Signet Jewelers Ltd. is the world's largest retailer of diamond jeweler. The company is domiciled in Bermuda and headquartered in Akron, Ohio, "
However, they own more than just that online retailer, they are almost a monopoly in the diamonds industry.
Look at my list below for other companies they own and you'll be surprised.
Anyways, back to JamesAllen.com, they really step up their game with that site, it was a top notch diy website for ring shopper with some of the best tools available.
I don't see how they wouldn't capture the millennial online market with that site.
This is a stock, I'd put away in my 401, forget it for a bit and load up again if they get shave 50%.
Subsidiaries
Zale Corporation
Kay Jewelers
Jared
Ernest Jones
H.Samuels
Leslie Davies
James Allen
Shortterm Long - Sellers Out of Steam for the Moment$SIG has recently gapped down and is currently oversold. Sellers appear to be running out of steam as the RSI starts to head up while the price continues diverging down.
Historically this stock has been good for a short bounce after oversold conditions, the divergence adds more credibility to a short term bounce/trend reversal.
The gap down followed immediately after poor sales numbers were released. Where this stock stands long term from a fundamental perspective I have no idea, looking only at a short term overreaction on bad news.
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DISCLAIMER - this is not investment advice, trade according to your own risk.
$SIG Oversold Approaching Support$SIG Signet Jewelers now down 30% since earnings release last week. RSI deeply oversold and price at $35 long term support level from April of this year. Expecting a bounce in the near term from this area - targeting $44.00 by year end. Would like to see a close today >= $35.00 for confirmation.
Note: Informational analysis, not investment advice.
$SIG Descending Triangle Into ER$SIG Signet Jewelers (Zales, Kay, Jared) reports earnings tomorrow pre-market. Not a good sign that a descending triangle formed on the daily chart over the last couple months.
Options are showing an implied move post-earnings this week of ~15%. Smart money looks much more heavily weights on puts. There's an unfilled gap down around $44.00 (-12% from current price). In my opinion we could see $40.00 (-20% from current price) by end of next week assuming a negative report tomorrow.
Note: Informational analysis, not investment advice.
short term trend brokenThis one has broekn short term trend, it needs to close above 60 otherwise it becomes the new resistance.
I am not willing to bet against it right now I think it will recover but if the selloff continues support is around 55$
am actually looking for a good entry point to play the run up to earnings
