EZPW $15 by 2023 with low risk stop3 touch points on an ARC, 3rd touch point happening now on a backtest of the 30 week moving average. Low risk entry point with stops below 30week MA or break of the arc. $15 by 2023? Time will tell
EZPW
EZPW Technical Analysis 🧙EZCORP Inc is a United States-based company engaged in offering pawn loans in the United States and Mexico. It also offers short-term unsecured loans and other consumer financial products, and buy and sell second-hand goods. The operating segments of the company are US Pawn, Latin America Pawn, Lana, and other international. US Pawn segment includes all pawn activities in the United States. Latin America Pawn segment includes all pawn activities in Mexico and other parts of Latin America. The company generates revenue from the merchandise sales, jewelry scrapping sales, and pawn service charges, of which key revenue is derived from the merchandise sales which are primarily collateral forfeited from pawn lending operations and used merchandise purchased from the customers.
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EZPW Chart breakdownThis week, Stephens & Co (famous for Hillary Clinton's wildly-profitable cattle futures trade back in the 80s) initiated coverage on EZPW with a Sell and an $8 price target. Stock dropped nearly 10% on the day of the report and can't get off the floor.
Upcoming earnings report seems critical to the stock's performance as it needs to start translating strong store-level performance into meaningful earnings and cash flow.
For now, I am long 9and nearing the LT Capital gain date for my position) and getting antsy.
For now, lots of support all through the $9.00-$9.50 range.
2017 should be a banner year for EZPWHaven't updated chart in a while. Still think this is 40+ in 2018
EZPW at Critical ST LevelOn 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 for a move higher. For that, switch the view to a 240 minute or daily chart.
My fundamental work (which is under a different "handle" on the Yahoo! Finance "Conversations" page for EZPW, shows the potential for a very substantially higher price for EZPW a couple of years out based on a recovery of the company's Net Income Margins to the 10%+ range (comparable to the LTM level for peer company FCFS) combined with modest 3% "same store" revenue growth, plus 7-12% annual growth from M&A using a combination of internally-generated cash flow and the proceeds from a recent asset sale.
Thus, my money is currently on the "fakeout" outcome, but of course, a market correction (election results, Fed action) would likely turn that into a "breakout" event.
EZPW Triangle Breakout Could Reflect Unannounced NewsOf 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 obligations to exclude a guarantee from EZPW.
At a recent conference presentation,, management reaffirmed its expectation that the deal was on track to close by the end of this month (one week to go).
The closing of that sale has long been viewed as a catalyst for a stock price increase/
