CPB - Angled W Pattern An idea showing a w pattern and higher lows on the side.
The upper trend line being the target is the point where W pattern completes itself
I have shown this with bars pattern.
CPB
CPB - Fib Circle Breakout 3D chart for CPB, currently price is climbing out of 2.618 fib level which has previously been seen as a resistance area
Once price climbs out of this fully, a break out should occur and lead price to the next fib level of 3.618
$CPB Long IdeaCPB had some sweeps and block call flows yesterday and the cart looks good IMO with a nice gap above, strength and volume uptick.
Trader went 5/6 48 calls 300K premium and 5/20 call sweeps 48/49 strike.
I like more time, so I'm long 5/20 49 calls, swinging and singing baby
Target would be gap close 48.78 but will start trimming calls on the way .
Cheers
$CCJ $MDU $AMD $CPB I OptionsSwing WatchlistCCJ 1D I CCJ has been showing relative strength as we have ongoing wars with major superpowers involved. And also WSJ news pointing to China's fast nuclear buildup.
MDU 1D I Engages in the provision of natural resources products. Our bots picked up unusual options activity on MDU $30c 07/12! MDU has shown relative strength.
AMD 1D I AMD has been defending the $100 level, and we've seen two bounces near this level recently. With earnings coming we could see a run up into ER if $100 holds.
CPB 1D I CPB is one of the largest processed food companies and it's listed in the S&P 500. The food processing industry has been outperforming the market recently.
$CPB - Looking to Create an Outside MonthNYSE:CPB
On the monthly chart $CPB retraced 50% of the prior month. High likelihood the up-trend continues to create an outside month for February.
Look for $CPB to continue. If price creates a new high on the monthly chart, look for shorting signals.
CPB Critical Trendline TestA trendline that has previously been continually identified as a support point for price s being tested again
I think it will act as a support again and continue upwards
Buy along trendline (long)
Great triangle⚖️Get ready, wolves🔥
There is a new symmetrical triangle formation on CPB financial instrument.
There was a slight bullish trend before. Will it be a confirmation for trend continuation? Let's wait
According to Elliott Waves theory all the waves are done and now the price is heading to the breakout.
Follow the chart and look for the breakout.
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CPB - Campbell Soup - WEEKLY Setup (again)Not my favorite stonk to play but the trade worked to 1st target twice last trade.
CPB
BUYZONE = 47 - 48
Cost Avg Down (CAD) = 44-45
1st Target = 51
2nd Target = 54
3rd Target = 57
HODL Target = 63
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This content is for informational, educational and entertainment purposes only. This is not in any way, shape or form financial or trading advice.
Good luck, happy trading and stay chill,
2degreez
CPB - Double Bottom Breakout?Watching for entry on a breakout above the .5fib and a retrace support entry at 50.
I meant to publish this Friday EOD @47.53 but got sidetracked.
Initial Target = 618fib @54
Long-term hodl target = 786fib @60
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This content is for informational and educational purposes only. This is not in any way, shape or form financial or trading advice.
Good luck, happy trading and stay chill,
2degreez
Campbell Soup Co (CPB) I will buy now. My invest ideaCampbell Soup Co. may weather the coronavirus storm better than others -- and might even see a boost to revenue. I will invest immediately. Possible drawdown up to 45-47 dollars per share.
The Department of Homeland Security recommends stocking up on a two-week supply of food and water in preparation for a pandemic. That advice may drive consumers to buy Campbell's soups, or the company's Prego sauces, SpaghettiOs, and snacks like Cape Cod chips. In an interview with CNBC last week, Campbell's chief executive officer said the company was lifting production as a result of the outbreak and said demand from retailers rose over the weekend. Consumer stockpiling bodes well for Campbell's sales in the current quarter as people tend to stock up on foods that can be stored over time and easily prepared, such as canned goods.
Market Review - Monday, 13 January 2020ETR, BMY, MCD, GOLD, AZN, CAG, CPB, KR, L, LMT, NEM, NOC, Y, RTN
$CPB 12-1 AnalysisVery tight consolidation from prior earnings till now in anticipation of EOY earnings. Implied move this week is right over 5%. Might never be able to be played out due to earnings this Wednesday, but looks to be a decent earnings strangle as a good R:R play. 12/20 exps good for both plays as shown. Can wait for earnings outcome to play safer if possible. NYSE:CPB
CPB Bullish For Global Stock Rebound CPB (Campbell Soup Co.) is trading around $37.08 today and the market cap stands around 11.167-BLN which renders it a very defensive bullish stock-trade idea.
CPB target is $38.50 for a 3.8% difference from latest quote $37.08. The duration for this trade idea is 1-6 weeks. An appropriate secondary target is $44 for an 18% difference from current quotes.
CPB Approaching Resistance, Potential Reversal! CPB is approaching our first resistance at 36.74 (horizontal pullback resistance, 50% Fibonacci retracment, 100% Fiboancci extension) where a reversal could occur. Stochastic is also approaching resistance as well.
Tough timesWhen times are tough, we eat more soup?
Millennial's wouldn't know about tough times, so $CPB is not on their watch list!
S&P 500 Breakdown Confirms Earlier Bearish SignalsThe S&P 500 broke down below its 50DMA again and looks set for a 200DMA test. This move confirmed earlier bearish signs.
S&P 500 Breakdown Confirms Earlier Bearish Signals drduru.com $SPY $QQQ #AT40 #T2108 #VIX $IWM $CPB $NFLX $LEN $EEM $RHT $THO $WGO $WYNN $AUDJPY #forex
THE WEEK AHEAD: EWZ, EWW, CPB, BOXThis week: three candidates for directionals and one nondirectional premium selling play ... .
CPB:
Although timing could have been better to catch the absolute bottom in this, implied volatility rank and background implied volatility remain quite high in this underlying (61/35). Given price weakness coupled with high implied volatility rank, I would think that a bullish assumption directional would be the way to go, with the most straightforward strategy being via short put. Pictured here is a "Wheel of Fortune," at-the-money short put that's paying 1.85 at the mid with a break even of 36.15. The basic strategy is to take the short put all the way to expiry and, if assigned, proceed to cover at or above your cost basis and work it as you would any covered call. Naturally, if price finishes above 38, you walk away with the entire premium.
Variations: 30 delta short put: Aug 17th 36, 1.05 credit at the mid, 34.95 break even.
EWZ:
The Brazil exchange-traded fund has absolutely been crushed, with price within 5% of its 52-week low. With a rank of 50 and background at 35, here's another play where you've got weakness coupled with volatility, so a bullish assumption play makes the most sense.
The Aug 17th 32 "Wheel of Fortune" pays 1.65 with a break even of 30.35; the Aug 17th 30 delta short at the 30 strike, .87 with a break even of 29.13.
EWW:
If you're already in Brazil, EWW (rank 65/implied 27) is also at the bottom of a fairly long term range between 43 and 56. Wheel of Fortune: Aug 17th 46 short put: 1.75 at the mid, 44.25 break even; 30-delta: Aug 17th 44, .98 credit, break even at 43.02.
BOX:
With earnings 25 days in the rear view mirror and high rank and implied (76/53), I'd probably opt for a Plain Jane nondirectional: the Aug 17th 24/32 is paying 1.78 with a 69% probability of profit, break evens at 22.22/33.78 (wide of the expected on both sides), delta of .72, and theta of 3.34. Defined risk variation: Aug 17th 22/25/31/34 iron condor is paying 1.26 (I had to bring in both sides a smidge because the highest strike in Aug expiry is currently at 34 ... ).
OTHER ACTIVE ALERTS:
TLT, short on retrace at 122 (downward skip month put diagonal; horizontal resistance) or TBT, long on retrace at 36 (upward skip month call diagonal; horizontal support).
XOP, short on retrace at 44.50 (downward skip month put diagonal; top of range).
Campbell's Soup at bottom of range CPBWell after an epic earnings miss CPB looks to be at the very bottom of its range. Looking at the weekly chart going back to 1986-ish you can see that Campbell's doesn't break the bottom of the upward sloping trendline drawn in red. I'm going to wait just a bit to initiate a position, as we still may see a little more downward movement, but then I shall be a long for the ride back up! Good luck everybody and happy trading!
Weekend Quickie #2 - Failed Strategy, Fake News, #dumpcampbells.How do you lose $393 million dollars in one quarter?
Step 1. Run social justice ads that don't work in the consumer staples space, and -
Step 2. Spend more money to put the same poor product in refrigerated and other higher-cost space.
How do you make things even worse?
Step 1. Say your profits are going to fall, and instead of being honest -
Step 2. Disseminate fake news blaming steel tariffs, rather than holding the company accountable for unpopular advertising and not producing legit, good quality products - and then paying up for higher-cost space.
Bonus points: Have your CEO abruptly step down.
That's what Campbell's did, and as a result, stock price was down over 12% on 5/18. Campbell's future is uncertain and there's likely still some downside momentum from a short-term technical perspective in addition to a longer, drawn out descent in price as CPB struggles to salvage its brand.
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** For speculative and research purposes - good luck! **
