PAYS DAZEmicro cap, high velocity momentum stock
neutral on this, but leaning toward bullish. possible to hit $15-16 profit zone still
E-retail
Hibbet Sports on solid supportHibbett Sports took a pretty decisive jump after touching its next support level the other day. Hibbett's had a bunch of recent analyst upgrades, and on Friday a single trader bought a huge number of July calls (79K shares) with a price target of 18.65 or better.
Having said all that, Recognia's Elliott Wave analysis of Hibbett suggests it will keep heading downward to 14.92. I don't put a ton of stock in Elliott Wave analysis, but it does seem to have some predictive power.
I may follow the option buyer's trade if I can get a price close to 17.70.
Consumer discretionary MACD cross on weekly chartThe consumer discretionary (i.e. retail) sector has made a bullish MACD cross on its weekly chart. It's also above signal line on the daily chart. This suggests the sector is entering a new medium-term uptrend. Now should be a good time to buy and hold the sector.
Tailored Brands channel break, double bottom, short squeezeTailored Brands has been in a *steep* decline since its high of 35.86 in May 2018. It fell all the way to just above 5.00 this month. Wow.
However, I see signs of reversal.
Firstly, we've broken out of the downward parallel channel that the stock inhabited for a year.
Secondly, We've formed what looks like a double bottom pattern.
Thirdly, the stock's fundamentals are starting to look better. Its 3.82 P/E is attractive, and its forward P/E of 3.07 is even better. In the last 3 months, insiders purchased a net 143,015 shares-- much more than the net 36,253 shares they purchased in the 9 months previous. TLRD beat estimates on its last earnings report, and it said encouraging things on its last conference call about reducing China exposure. Plus, there's news this weekend of renewed trade talks between the US and China.
As a bonus, short interest is 35.47% of float, which makes this stock a good candidate for a short squeeze. If the year-long trend changes and the price begins to rise, it could do so very quickly.
American Eagle Outfitters channel playAmerican Eagle recently dropped to the bottom of its channel on a couple analyst downgrades, but it could see a short-term rebound. It's a buy Monday below 16.70, with stop loss 16.62.
Long American Eagle (AEO) nice Risk Reward Option or equity playAmerican Eagle oversold, and the accelaration in the stock is not justified (in my opinion). They are on the pace of gaining market share from VS and continue to grow. I believe pace of sell off was just too steep. Based on recent high frequency economic data and Jerome Powell's comments, consumer spending is solid and US retail sales are good, I believe close to the next earnings report I am expecting a pick up in the stock price.There are signs of strong support at 16.60 and signs of weekly consolidation at 16.82. I believe price will be pushed up towards 17.15, 17.40, and 17.50 and breakout from there towards mid $18 levels.
Autozone short-term rebound setupAutozone has been in a downward slide, but we have two support levels coming up that could push it upward through its trendline for a short-term rebound. A break through that downward trendline is the buy signal. Autozone has excellent analyst ratings and a long-term uptrend.
Revolve looking bottomishRevolve's finding some support at 34 and its MACD on the hourly chart is looking more and more bullish. It could still drop to 32, so I set a larger buy order at that level, but I've got a small position here and am expecting a pop by next Wednesday, likely earlier.
Kohl's begins breakoutKohl's (KSS) has been looking better and better on its MACD for a while now, and I've just been waiting for breakout above trendline resistance to confirm its upward reversal. This morning it finally got across the line. It may yet pull back a bit, but I suspect we've seen the bottom for this stock and will begin to see recovery from here.
Hibbett Sports short-term recoveryI've been closely watching Hibbett Sports, which met stiff resistance at 19.20. This morning it's formed an upward trendline toward the top of its channel. With good analyst ratings, Hibbett could even break out of its downward parallel channel in the relatively near future. At the very least it should rise steadily today.
RVLV trendline supportRevolve has formed am upward parallel channel since its IPO. It's currently in the bottom half of the channel, with support from a trendline that's parallel to its channel. So far we're looking good for a reversal upward tomorrow based on this trendline support. Set tight stops, however, in case we breach support and head downward to channel bottom. Then look to re-enter in the 31-32 range.
As always, this is just an idea as to how the market will move, not investment advice.
JUMEI INTERNATIONAL HOLDING LTD. - NYSE: $JMEI BasingAfter recapturing its 200 DMA back in January, JUMEI INTERNATIONAL HOLDING LTD - NYSE:JMEI has been trading in a side-ways grind and finds itself basing and working on its right-side as is evidenced in the Daily chart above.
In addition, JMEI now finds itself trading above all of its important moving averages 20/50/200 DMA's, which portrays a healthy technical posture.
While the stock has further work to do, both investors/traders may want to continue to monitor the action closely in the days/weeks ahead for if JMEI should go topside of the $2.80 level, such development would likely ignite its next meaningful advance into greener pastures.
Thus, investors/traders may want to put JMEI front-and-center on their radars for additional clues/evidence that things are about to perk-up.
KROGER(KR) - Does this make for a good large cap buy?This time we have strong fundamental analysis that supports an upcoming bull run. KR's earnings report came out a couple days ago and were 31.72% greater than expected! However, stronger evidence on the technical side is needed to convince me of a good buy. I'll wait on bullish confirmation from the 12 period EMA and evidence of a turnaround from the MACD.
XRT Retail Wedgie UpdateIf this is a wedgie and today's action completes the formation then the target is a little under $41.
Of course with this pumptarded market, I'm expecting a big futures buy on close and a gap up again tomorrow before the tank on Fed dot plot.
AOBC retracement offers buying opportunityAOBC opened way up, around the $10.00 level, and then retraced a lot further than I expected, to support at about $9.37. This is a good price to grab for a likely slow gain throughout the day. AOBC posted a great earnings beat yesterday, but mixed guidance-- thus the retracement.
Chewy downward triangle breakout, at high volume supportChewy made a downward triangle breakout and will consolidate for a little while. It should find some support at this price level, which in the short time since its IPO has been a fairly high volume level. However, Chewy's fundamentals don't check out. It's an unprofitable company and doesn't appear to be making progress toward profitability. It may breach support and fall further.
156p - 200p targets - low mcap £14m with trading update soonA lot of last results have been priced in for some time now.
Progress has been done by company recently & they are ready to post a trading update very soon most likely this week.
recent bullish divergence
BoD have been buying as of late
Looking for at least 50-100% here, hopefully trading update will catch many by surprise.
Hibbet Sports at SupportHibbett Sports is at the bottom of a downward sloping channel, but it's at a support in the 19.15-19.29 range, so I think we'll see a short-term rebound. Hibbett has pretty good analyst ratings and is undervalued based on its P/E and expected earnings growth.
Lululemon - Wait for pullback to bottom of channelLululemon is looking like a good long bet, with a recent earnings beat, bullish analyst ratings, and an upward-sloping parallel channel. I think its current upward curve is hitting trendline resistance, however, so hopefully we'll see a pullback to the bottom of the channel that will afford a buying opportunity for a long position.
RH testing supports from May; look for upward triangle breakoutRestoration Hardware, which gapped upward on an earnings surprise a few days ago, has been in a sharp downward triangle ever since. Today it's testing a support zone from about 105.30 to 109.60. I wouldn't be surprised to see an upward breakout from the triangle, especially considering the strong retail sales report the Commerce Department released. To be honest, I'm a little surprised RH has stayed in its triangle at all today.
Revolve approaching a decision point tomorrowRevolve has formed a triangle chart pattern since its IPO a few days ago. On upside breakout, look for confirmation above $41.61 resistance level. On a downside breakout, look for confirmation below $36.74 resistance level.
Tomorrow is a historically bullish date for stocks, so perhaps Revolve will break out upward simply on seasonality. Citron, the only analyst to opine on Revolve, has set a price target of $50. Downward consolidation is the alternative. In that scenario, Look for a slow slide down toward secondary resistance at 30.65 as the price consolidates before its next upward gap.
Stitch Fix (SFIX) Top Triangle Chart PatternStitch Fix appears to be in the process of breaking out above the top of the triangle it's been forming since it gapped up after its recent stellar earnings report. Look for confirmation above 29.36 resistance level.
PVH BUY OPPORTUNITY- LONG POSITION Currently at major support zone
MACD Crossover into positive zone on D Chart
RSI currently at an oversold level, historically jumps
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