Five Below $FIVE going for the leadership?I've been tracking this one for about two weeks and today it looks like is going for the breakout. It may not occur today but I think it will happen soon enough. That could be my entry point, depending on the buying volume. I like this stock because is coming from a good uptrend, it held really well during the market correction, and the past 3 quarters had better than expected earnings. Also has a nice uptrend on revenue growth; just +80% from last quarter, and its price is above its moving averages (10, 20, 50 and 200 day MAs).
Adding to all that, IBD ranked #2 in its industry and has a IBD Relative Strength Rating of 83. This are all good signs. I wanted to see its relative strength with its sector; looking at the quotient FIVE/XRT, and it may be approaching the time for NASDAQ:FIVE to lead. Still, I won't get in early, lets wait for the breakout.
XRT
Xrt / BtcOne big ol' pennant or an ascending triangle? Either way, i'm long. Place your stop losses accordingly as Btc in price discovery has a tendency to ruin btc pair setups.
Xrt / Eth chart very similar, pennant, already broke out and about to retest. Target +200%, but rather than sell out, use a trailing stop, good FA behind this one too.
XRT: The Low Cap Sleeping Giant My Fellow Crypto Traders,
Appreciate you taking the time to view my analysis which I hope you may find beneficial. Please be sure to “LIKE” if you indeed find my analysis useful and/or find my analysis intriguing.
Cheers & Happy Trading!
XRT - Retail - Chart says its doing Great!
Amazon is not in this Retail ETF - you couldn't tell looking this chart.
Seems we have a double top - that said on weekly basis looks like it goes higher but a pull back to average price and or support resistance would make sense - which may turn into an inflection point.
Top Five holding are:
Overstock.com, Inc. 6.15%
Lithia Motors, Inc. Class A2.25%
Carvana Co. Class A1.91%
L Brands, Inc. 1.89%
Wayfair, Inc. Class A1.85%
rejected at trend lineTook some august 10P's here. If Kanye can't help you breakout then no one can. $XRT
Retail breaking outOn the news we could see some re-openings of the economy in certain states.
Retail is breaking out of a 2-week consolidation channel; after a double bottom April 3rd.
RSI @60, is in an uptrend. (Bull)
OBV is still consolidating (Bear)
We are testing the 50% fibonacci retracement line at $36.5 (closing price will be important)
XRT - Ascending Triangle BreakoutThe SPDR S&P Retail ETF closed above the resistance line yesterday but is seeing continuation of that breakout early in today's session. A close above the previous resistance line would confirm the breakout but a price above $45.70 would be better as price has rejected from there a couple of times prior.
Holiday seasonality play on RETAIL- XRT LONG IDEAXRT is the retail ETF and every year we get a burst around the holiday season if you're patient.
Over the past three years, starting the beginning of November into December and even through some of January XRT and the Retail sector popped higher off the increased sales through the holiday season. Even last year while we experienced a correction to bear market in the market, the XRT long play had a chance for profitability by $5-6. This time around we expect a move higher from $43 up to $47 even $50 to capture the retail seasonality. The year to date POC is holding good support unless we see a strong market reversal in the last month of the year, the trade has potential.
XRT - H1 CHARTHi, today we are going to talk about XRT
We observe a h1, some important points. The details are highlighted above.
Thank you for reading and leave your comments if you like.
Join the Traders Heaven today, for more exclusive contents!
Link bellow!
Disclaimer: All content of Golden Dragon has only educational and informational purposes, and never should use it as financial advice
Tailored Brands TLRD Vanguard RecordkeepingTLRD
550 Shares x $3.80
19% Dividend
www.gurufocus.com
High Risk High Reward
XRT Retai ETF Straddle for China trade talksYou can't predict Trump, not even Trump can predict Trump. So who knows if we get a China deal or not...
With the market stalled out for the day, I'm looking forward to next week. I expect XRT to close the gap next week and stay in the $42 waffle range. Trade talks Thu/Fri and you know Trump will Tweet something because he can't help himself. So a straddle in tariff sensitive sector like transport or retail makes the most sense, buying XRT Oct 18 straddle Wed before close.
XRT options have good liquidity and low premiums.