Green Dot1.EMA's crossing up?
2.Price needs to break through dotted line.
3.Price already bouncing off of support?
4. Testing previous high?
5. Retracement to support after?
GDOT
FinTechLooking like GDOT Going back to $65++ 274M revenue vs 255M expected good fintech company attracting even better companies.
Google Pay to start doing GDOT bank accounts in their platformGDOT Green Dot is famous for their proprietary banking products like prepaid debit cards. If you've ever checked out in the Walmart and you see the little rack of prepaid money cards at the cash register, those are all Green Dot products.
Other side of their business is called banking as a service, or BaaS.
Apple Pay Cash is a Green Dot-powered product, Apple Pay's person-to-person transfer service. That's a Green Dot product.
Uber uses Green Dot's infrastructure to instantly pay their drivers for rides. If you pay for an Uber drive, that money will instantly show up in the driver's account, and that's a Green Dot product.
Google Pay just announced they're going to start doing Green Dot bank accounts through their platform. (fool.com)
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$GDOT can fall in the next daysContextual immersion trading strategy idea.
Green Dot Corporation has a strong downside trend.
Due to the huge market volatility and possible crisis, all financial sector falls.
This and other conditions can cause a fall in the share price in the next days.
So I opened a short position from $15,9;
stop-loss — $18,76.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
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GDOT - WEEK CHART Hi, today we are going to talk about Green Dot Corp and its current landscape.
Green Dot is poised to receive increasing attention from the market as relevant events are taking place. The American financial technology and bank holding company unveiled that its Founder and CEO Steven W. is leaving the company and the board to retire, Streit only will keep its role as Chief information officer (CIO) on the company. The year hasn't been good for Green Dot and can get worse with this change of CEOs, while the company doesn't announce a new CEO, considering that usually when Founders leave a company, their shares and performance tend to face a setback.
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$GDOT Looks To Be A Buy Above $25$GDOT has been beaten up pretty badly. The stock just hit new 52-week lows after disappointing 2020 guidance. But we think there's opportunity, especially after traders bought the dip on Friday and we got a green candle. The 52 week high is $86.46 after all, so $GDOT could be in the bargain bin for many.
Green Dot (NYSE:GDOT) plunges 18% after preliminary 2020 guidance discussed in its earnings call disappointed investors and analysts.
CFO Mark Shifke doesn't expect "to guide much more than flat on the top line and perhaps $65M lower year-over-year on adjusted EBITDA" when the company provides formal 2020 guidance on its February earnings call.
Cites combination of reduced interest income due to lower rates, about 150 basis point reduction associated with GDOT's renewal of its Walmart MoneyCard contract, higher SG&A expenses for its banking-as-a-service platform, and higher marketing expenses.
BTIG analyst Mark Palmer writes in a note that that implies FY2020 adjusted EBITDA of $175M-$180M vs. consensus of $273.5M.
He reiterates neutral recommendation.
Quant rating is Very Bearish; Sell-Side average rating is Bullish (5 Very Bullish, 2 Bullish, 9 Neutral).
$GDOT is attractive as it trades at just 11x earnings and 10x next year's earnings.
Green Dot Corporation operates as a financial technology and bank holding company in the United States. It operates in two segments, Account Services, and Processing and Settlement Services. The company offers deposit account programs, such network-branded reloadable prepaid debit cards under the consumer brand names of GPR cards, consumer and small business checking accounts, network-branded gift cards, secured credit cards, and other financial services. It also provides swipe reload system for crediting cash onto an enabled payment card by swiping the payment card at the point-of-sale through Green Dot Network participating retailer; MoneyPak, a product that allows a consumer to add funds to accounts; and e-cash remittance, a service that allows a consumer to transfer funds to a smartphone, as well as offers disbursement services through Simply Paid platform. In addition, the company offers prepaid cards, debit cards, payroll debit cards, consumer cash processing services, wage disbursements, and tax refund processing services, as well as issuing, settlement, and capital management services. Further, it provides mobile banking, loan disbursement accounts, mobile P2P, money transfer, instant payment, and processing and settlement services. The company markets its products under the brand names of Green Dot, GoBank, MoneyPak, AccountNow, RushCard, and RapidPay. Green Dot Corporation markets and sells its products and services through retail stores, various direct-to-consumer Websites, corporate distribution partnerships, tax preparation companies and individual tax preparers, and apps, as well as distributes through ‘Banking as a Service’ platform. The company was formerly known as Next Estate Communications, Inc. and changed its name to Green Dot Corporation in October 2005. Green Dot Corporation was incorporated in 1999 and is headquartered in Pasadena, California.
As always, trade with caution and use protective stops.
Good luck to all!
Going long GDOT on MondayGDOT is printing a bullish hammer candlestick price bar right off of its uptrending 50 DMA on heavier above average volume with my momentum/trending oscillators conirming the price move. I am going long GDOT on Monday using a limit (GTC-BUY-LMT) order @ 60.83. I will have two trailing sell stops (GTC-SELL-STP) @ 58.99 and 58.26 to protect my initial capital in case GDOT does not move higher immediately. I am expecting a measured move similar to all or part of the previous uptrend from November '16 - November '17.
