On this 1 hour Candle chart, EZPW can be seen to have pulled back to a ST support level.
I drop/close (your preference) below $10.60 would signal that a fakeout/breakout (your choice)
is underway.
Earnings likely will be out around Election Day and actual results as well as guidance on the call regarding capital allocation and the pace of M&A could be a catalyst...
Of course, a breakout of this type simply puts the stock into a rectangular consolidation pattern, but in this case the sharp move this morning in a modestly lower market environment may reflect the closing of the company's sale of its Mexican payday lending operation for $50 million in up-front cash, deferred payments, and the refinancing of that units debt...
HLF is moving out toward the end of this triangular consolidation pattern.
Several previous consolidation patterns for HLF have not panned out and have morphed into more extended consolidation patterns. Thus it is possible that this could morph into a rectangle-shaped consolidation and extend further.
I'm still long.
Icahn has added to his position twice for the...
So far, the prior highs appear to be holding true to form and are providing support for EZPW.
Thus, the LT uptrend remains intact.
Since previously writing on this topic, I have sold ~15% of my position for "risk management" purposes.
Am I allowed to do that?
I am up 100% in this position based on fundies.
It's the largest position I've ever had.
Earnings come out after the close tomorrow with a call on Thursday a.m.
What would you do?
#breakthehouserules
On 4/27 Sparton Corp announced that it "Explores Potential Sale Transaction"
I estimate a valuation in excess of $30 based on fundamental analysis of the company's two segments,
which deserve substantially different valuations.
Is this a Cup & Handle forming?
If so, then the technicals are in synch with the apparent fundamentals.
the June fiscal year company...
Apparently, this company has never reported revenue of any kind and is a phony business in Tijuana, yet somehow, it has achieved a $35 billion equity market capitalization.
Wow!
There hasn't been one this good in a ages.....
Who needs trendlines................
$CC equity is up about 24% since it reported a big titanium dioxide pricing-based earnings beat. $HUN also is big in that market, though more diversified. Still, if that market is recovering strongly, That gives alot more confidence taht this H&S pattern is the real deal.
And is that a handle forming over the past several days for a cup and handle as the closing...
HLF has continued moving sideways with the market through and past its earnings report.
Jim Cramer did a segment on it last night and concluded that on a fundamental basis it was worth $67......
Where did he get that idea???...actually from trying to put a multiple on various earnings and cash flow measures.
Meanwhile, mega-short Bill Ackman was reported to have...
$VER (a triple-net REIT) priced an upsized secondary of 60 million shares last week after a modestly disappointing earnings report.
That combo pushed the stock down to the bottom of the channel.
Peer companies are NNN& O, and both yield 3.55% compared to VER's 5.25%.
The secondary will accelerate the company's return to IG credit ratings, which is the
gating...
This narrow "Line" pattern (please refer to your copy of Edwards & Magee) has lasted more than 2 weeks, having started on 7/14. This is an unusually long timeframe for such a narrow trading range.
John Bollinger has noted on Facebook that his "bands" are extremely constricted and that such a constricted band pattern is what typically happens before the market...
it is not so common to see a channel as well-defined as this one.
Of course, right now the stock is not near the lower end of the channel.
Here's why this REIT is in an uptrend:
New CEO (March 2015) is getting to the end of an asset sale program that is designed to reduce leverage so that the company regains investment-grade credit ratings. The completion of that...
I am long GNC with a couple of points profit in hand. Earnings come out Thursday BMO.
GNC's operations are under pressure from e-commerce trends but the company remains substantially profitable and cash generative. Management's current strategy is to re-franchise more of the company's stores.
After the shares were crushed for a second consecutive earnings...
This support line will not hold for long, I suspect.
Looks to be a trading opportunity in the making.
I've been on this site about 15 minutes.
Hat tip to Theras Carey at Barrons
Between Ameritrade closing down StrategyDesk and Yahoo! screwing up its Finance message Boards, I am a bit adrift.
Thankfully there is a bloomberg at the office.........
