ALJ Regional Holdings, Inc. is a holding company. The Company's segments include Faneuil, Inc. (Faneuil), Floors-N-More, LLC (Carpets) and Phoenix Color Corp. (Phoenix). The Faneuil segment provides business processing solutions for a client portfolio that includes both commercial and government entities across several verticals, including transportation,...
Look for break above 9.30 with increasing lows and stable or increasing Crude Oil prices to confirm the continuing upward trend. This may be a buy if we see this next week 10-17-16.
ALJ has broken the previous intermediate top. If the price bounces above this level i'm expecting one more wave up. A strong breakdown of this level can invalidate this setup.
Possible fallen angel pattern in ALJ. Nicely scoping & money-flow is improving strongly. We think it will reach to 8.50 area. Break above 7.09 will be ideal Long entry. For trade we would consider December $7.50 Calls