Blackberry (BB) Flag on DailyNice breakout after earnings, now a nice flag forming on daily with breakout spots at 6.54 and 6.64. $BB
BB trade ideas
BlackBerry: Wait for Pivot from ~$7.98 Before DecidingBlackBerry is probably one of the most disappointing stocks of the past 10 years - one that soared to 120+ and fell down below 7.00. Its nice to finally see BlackBerry change their business plan but this came at the expense of extreme bearish sentiment over the last decade.
With the first half-decent earnings report in a long time (a few days ago), BB finally popped a bit, however, I see a re-tracement to about $7.98 which it will likely bounce off this level (trend-line) and continue higher because there is not really any reason for it to plummet right now after decent earnings.
BlackBerry will have to post some impressive year over year numbers (consistently) in order to weed the shorts out and get to at-least the $20 level.
For those looking for an entry, wait to see a reaction off the near $7.98 pivot. If that level holds, it will serve as a good entry.
My Consensus: 'Neutral'; 'Buy' if $7.98 holds
Technicals: Cup formed pre-earnings; possible handle forming to $7.98 level then bullish continuation thereafter
- zSplit
Blackberry (BB) Call Option PlayThis didn't hang too long in the flag. Extremely high volume after earnings, has room till 6.75ish on daily chart before it hits resistance area. Entered 12/27 6.50 calls at the 6.45 break. It gave another opportunity on the pullback confirmation. We'll see how it goes, but a gap and squeeze seems possible.
BB - DAILY CHART Hi, today we are going to talk about BlackBerry and its current landscape.
BlackBerry is poised to receive increasing attention from the market as relevant events are taking place. The company reported better than expected EPS for its third quarter but missed its quarterly sales, unveiling a result of $267 million against the $275 million expected. BlackBerry is slowing rebounding, issuing sequential growth in revenue, maintaining its free cash flow, which allows the company to keep on at a healthy pace on its advance.
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$BB Blackberry channel Trade setupEntry level $6.60 = Target price $7.34 = Stop loss $6.29
The stock got a massive boost last week on a earnings surprise, possibly some re ratings could help move the stock higher in the remaining few days of 2019
Company profile
BlackBerry Ltd. engages in the provision of enterprise software and services, which focuses on securing and managing Internet of Things endpoints. It offers a platform comprised of communication and collaboration software and safety-certified embedded solutions. The company was founded by Michael Lazaridis, James Laurence Balsillie, and Douglas E. Fregin on March 7, 1984 and is headquartered in Waterloo, Canada.
BB Anotehr Big Move?Expecting another big move from BB this earnings....
PoS probably tanks again, lol.
Bearish Speculation-Undervalued (Long)Index - P/E 158.18 EPS (ttm) 0.03 Insider Own 11.20% Shs Outstand 558.46M Perf Week 2.76%
Market Cap 2.92B Forward P/E 37.29 EPS next Y 0.14 Insider Trans - Shs Float 541.78M Perf Month -4.22%
Income 31.00M PEG - EPS next Q 0.02 Inst Own 56.60% Short Float 3.65% Perf Quarter -28.88%
Sales 972.00M P/S 3.00 EPS this Y -82.60% Inst Trans -0.03% Short Ratio 3.79 Perf Half Y -43.81%
Book/sh 4.64 P/B 1.12 EPS next Y 185.71% ROA 0.80% Target Price 7.60 Perf Year -40.88%
Cash/sh 1.52 P/C 3.43 EPS next 5Y -2.30% ROE 1.20% 52W Range 4.86 - 10.29 Perf YTD -26.58%
Dividend - P/FCF 171.48 EPS past 5Y 15.00% ROI 2.30% 52W High -49.27% Beta 1.73
Dividend % - Quick Ratio - Sales past 5Y -33.20% Gross Margin 75.10% ]52W Low 7.41% /b ATR 0.22
Employees 3945 Current Ratio 2.30 Sales Q/Q 16.20% Oper. Margin 0.70% RSI (14) 41.58 Volatility 2.76% 3.51%
Optionable Yes Debt/Eq 0.24 EPS Q/Q -199.50% Profit Margin 3.20% Rel Volume 0.68 Prev Close 5.17
Shortable Yes LT Debt/Eq 0.24 Earnings Sep 24 BMO Payout 0.00% Avg Volume 5.21M Price 5.22
Recom 2.90 SMA20 1.48% SMA50 -16.46% SMA200 -32.98% Volume 3,547,224 Change 0.97%
$BB SHORTBig end of year short for $BB on accounting #'s that may lead to fraud and misleading investors with Q1 and Q2 #'s also way weaker then expected quarter and very weak guidance. Very short
BB Earnings BMO TuesdayBought a few $7 calls for earnings, upside is greater than downside risk. Options are actually pretty cheap, you could potentially to a $7.5 straddle and make money, because I think it's either gonna head to resistance (up) or support (down) by the end of the week.
I'm going long. I think it got over punished last earnings.
Black Berry (BB) Bullish Gartley or Bullish CrabBullish Gartley Pattern appearing on the 1D Chart. Could be worth playing small size as the range it offers has huge returns.
Bullish Crab also appearing, but if that completes that would mean all time lows in the range its been in for the past few months.
The measurements on the crab are pretty exact so I would play it a lot heavier if it gets that low (unlikely it does though).
BB has compelling future. I bit.Here I have drawn a couple lines showing what look like some bullish divergences.
This stock surprises me with the lack of confidence. I feel comfortable buying here seeing basically zero pump, and what appears to be market deflation.. Im no expert by any measure, but this seems to be an excellent opportunity to buy into a company that has been making a transition from hardware to subscription software, in the late stages, and at a low price. Security is key, and if these guys can become top tier, I think market will reward for many years. They seem to be off to great start, and in diverse applications. Little trade exposure, but in position to profit from any advances that may happen.
Clearly I like them, please drop a note with your take.. no need for bashing.. i know many have been burned.
$BBNYSE:BB Cae fuerte el día de hoy donde anuncian que mejoró los estimados de ingresos. Se desploma -9% y posiblemente toque la línea de tendencia de color violeta que la utilizará de soporte. MACD indica venta con una pendiente bastante pronunciada, lo cual indicaría que seguirá cayendo luego de tocar este soporte dinámico para luego tocar mínimos en 6,57, línea de retroceso de Fibonacci de 0. Otra opción es esperar un rebote en el soporte dinámico que coincide también con un soporte estático del 31/12/2018, lo cual permitiría una corrección al alza para luego volver a testear el límite inferior del canal bajista
BB EarningsEarnings are a crap shoot (no guarantees here) but this should pop back up if they meet, since they projected a profit.
We'll see Wednesday....
Blackberry needs a blowout earnings to pass resistance BlackBerry Limited BB, -0.12% (BB) today announced that its QNX software is now embedded in more than 150 million cars on the road today. This is an increase of 30 million cars since the company reported its automotive footprint in 2018.
"As this milestone proves, BlackBerry's footprint in the automotive industry has never been stronger," said John Chen, Executive Chairman and CEO, BlackBerry. "The world's leading automakers, tier ones, and chip manufacturers continue to seek out BlackBerry's safety-certified and highly-secure software for their next-generation vehicles. Together with our customers we will help to ensure that the future of mobility is safe, secure and built on trust."
THIS NEWS WAS NOT ENOUGH TO TURN THE FORTUNES OF THE STOCK AROUND, WHICH IS DOWNTRENDING AFTER A FAILED RALLY, THE $9 LEVEL HAS PROVED TO EXTREMELY DIFFICULT TO CROSS, SO IT WILL TAKE A BLOWOUT EARNINGS THIS WEEK TO GET ANY SUSTAINED UPWARD MOMENTUM.
AVERAGE ANALYSTS PRICE TARGET $10.79
AVERAGE ANALYSTS RECOMMENDATION HOLD
COMPANY PROFILE
BlackBerry Ltd. engages in the provision of enterprise software and services, which focuses on securing and managing Internet of Things endpoints. It offers a platform comprised of communication and collaboration software and safety-certified embedded solutions. The company was founded by Michael Lazaridis, James Laurence Balsillie, and Douglas E. Fregin on March 7, 1984 and is headquartered in Waterloo, Canada.
$BB BULLISH REVERSAL IN THE COMING DAY.****SCANNERS HAVE ALERTED US TO THE STOCK OF NYSE:BB WITH A POSSIBLE REVERSAL TRADE IN THE COMING DAYS. WISE TO WAIT FOR CONFIRMATION FROM STRONG VOLUME, MACD CROSS AND BULLISH ENGULFING CANDLE, RSI IS ALSO RECOVERING****** SET ALERTS FOR BREAK OF $8.50 FOR MORE BULLISH ENTRY.
