On the way down, entry 1/2 intended position. Market reversing
$IRBT iRobot looking extremely overbought at this point, meeting resistance near the previous all time high around $108 today. The stock's most recent move which began July 31st has become parabolic in the last week, a nearly vertical ascent - I expect the near term correction descent to be just as quick. Two possible near term targets/support levels - $101 then...
$IRBT Gap-filled Meeting Long Term Resistance - will look for a close today at or below $80.25. Near term price target $73.50-$75.00 $70.50 possible if ~$73.50 support doesn't hold.
It was only a small doodling for fun, however as I took a closer look and checked other details I come to the conclusion, that next week going to be a very important turning point for IRBT shares from a technical stand point. I want to see this share succeed, because I absolutely love their products, but based on the highlighted potential downward trend and the...
iRobot Corporation is an American advanced technology company founded in 1990 by three MIT graduates who designed robots for space exploration and military defense. Incorporated in Delaware, the company designs and builds consumer robots for inside and outside of the home, including a range of autonomous home vacuum cleaners (Roomba), floor moppers (Braava), and...
Expect to fill gap around 53.5. Sold some 62.5 calls expiring Jan20
After a huge up move in the first half of 2015, IRB Infrastructure has spent rest of the time consolidating in flag like pattern, roughly between Rs. 200 and 280. Of course it's difficult to pick long term direction for a stock with such explosive volatility exhibiting trips from 60 to 300, twice in last few years. To trade IRB Infrastructure, it requires...
$IRBT Bearish setup, but! we've got earnings coming up on Oct 21st. History has shown us that we typically get a spike up on earnings. Place your bets.