APT trade ideas
$APT Breaks Above Confluence Resistance as Virus Numbers JumpAPT just broke back above critical range and sloped line resistance out of a clear MACD bull divergence.
That is being pushed by the idea that the three most populous US states (CA, TX, and FL) are flashing signs of a COVID-19 crisis stage.
$APT that's broken through the resistance! "mask mode" in!$APT that's broken through the resistance! You can make good money here-the "mask mode" was introduced in California, and who will supply these masks?! Read the new post, put likes and subscribe, so as not to miss another good deal and motivate us to try for You!
$APT that's broken through the resistance! "mask mode" IN! $APT that's broken through the resistance! You can make good money here-the "mask mode" was introduced in California, and who will supply these masks?! Read the new post, put likes and subscribe, so as not to miss another good deal and motivate us to try for You!
Bullish Charts - COVID-19 Play, N95 Masks, Robust EarningsAlpha Pro Tech, Ltd., together with its subsidiaries, engages in developing, manufacturing, and marketing a line of disposable protective apparel and infection control, and building supply products in the United States and internationally. The company operates through two segments, Building Supply and Disposable Protective Apparel. The Building Supply segment offers construction weatherization products, such as house wrap, synthetic roof underlayment, and other woven materials. The Disposable Protective Apparel segment provides shoecovers, bouffant caps, gowns, coveralls, lab coats, hoods, and frocks, as well as face masks and face shields. The company provides its products under the Alpha Pro Tech brand name, as well as under private labels. Its products are used primarily in cleanrooms; industrial safety manufacturing environments; health care facilities, such as hospitals, laboratories, and dental offices; pharmaceutical markets; and building and re-roofing sites. The company distributes its products through a network of purchasing groups, distributors, and independent sales representatives, as well as through its sales and marketing force. Alpha Pro Tech, Ltd. was founded in 1983 and is headquartered in Markham, Canada.
Today looks like a solid break-out in a down market.
Alpha Pro is part of a $15 Billion dollar industry.
With N95 masks in high demand, I think there's only one way this stock can go, UP...
On 5/6/2020, the company reported earnings of $0.39 up from $0.09. Revenue spiked with 47.5% sales growth.
On 5/6/2020, The company announced it was debt free. Not many companies can say they're debt free.
52-Week high is around $41.00
Last earnings report was a blockbuster! The company blew past Wall Street estimates and I think they'll continue blowing past estimates into the future.
Indicators are Bullish.
Daily Chart looks great.
Long!
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APT - 6/20/2020APT - Ichimoku 2H chart is showing a strong uptrend moving forward and no seller. Its MA(5) $14.53 was higher than MA(13) $12.57 that echos this trend too. It's been up three days and seems want to mimic the pattern on 2/20 earlier this year. Call volume is 10x of put volume. (approx. 60k vs. puts $6k) This could be correlated to news on rising numbers of covid-19 positive cases this week.
$APT Alpha Pro Tech Bullish Setup
COVID Stock-
Broken through fib resistance on Friday on high volume.
$17.50 is a key level to cross which could see a rally to $20-$21 level.
Alert set for entry above $17.50
RSI and MACD very bullish.
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Disinfectant producers: Keep them in your portfolio!Show Me the Money! 19 June, 2020, by Vladimir Rojankovski, Grand Capital Chief Analyst
California Governor Gavin Newsom signed an order requiring his state's citizens to wear face masks in public at all time.
Alpha Pro Tech (APT) shares have immediately jumped 12% on the news. Alpha Pro Tech engages in developing, manufacturing, and marketing a line of disposable protective apparel and infection control.
Conclusion: as much as it is related to many other disinfectant producers, like Clorox (CLX) and protective equipment producers, it’s too early to call it a day. Keep them in your portfolio like you keep cleaning tissues in your pocket!
APT - mask maker good story/technicals - run to 20-40?!There are a lot of things I like: daily MACD turning up, strong uptrend line, strong support at the 9 level which has been several times tested. I could see runs to any of the levels I have put dashed lines on -- lets round to 22, 30, 40. High short interest and headline benefits in the name could help propel this one further.
There are two things I don't like about this chart. First is that each of the more recent advances have been on thinner volume. Second is that each of these aggressive northward moves (way outside of bollinger bands 1 std dev from 20 ma) have been met with aggressive selling.
I have traded this a few times in the past (currently long Jul 10 calls) and saw it wake up today again on the news with CA requiring masks. What other states are going to follow?
What do you think?