$OSTK Looks like this one could see some resistance around 28.69 area before moving on, but could definitely see more upside.
BYON trade ideas
OVERSTOCK.COM UP OVER 15% ON STRONG VOLUME ON EARNINGS RELEASEOverstock.com is up today over 15% on almost double average daily volume after reporting earnings.
The 50-day moving average line has been trending upwards and it is approaching the 200-day moving average line.
The stock has a BUY consensus analyst rating and a $41 price target:
quotes.wsj.com
$OSTK bull flag ready to break higherAs mentioned in the chart linked below $OSTK has a lot of momentum to the upside and yesterday's earnings call just reinforced this right as it breaks through weekly cloud resistance. Typically this indicates that there will be a continuation to the upside. I expect to see the price break 30.15 over the next few weeks and don't expect there to be much resistance beyond that until around $39.50 .
On this 15 min chart the bull flag/coil seems to be coming to a head and ready to break higher.
$OSTK entering weekly cloud E2E may take it to $30.15 even $39.5$OSTK has a lot of momentum to the upside and yesterday's earnings call just reinforced this right as it breaks through weekly cloud resistance. Typically this indicates that there will be a continuation to the upside. I expect to see the price break 30.15 over the next few weeks and don't expect there to be much resistance beyond that until around $39.50 .
Weekly RSI is also looking bullish, well above 50 and has plenty of room to run.
OSTK stop lossI'm still looking for more up through September but with earnings tomorrow and the overall market being a little shaky a stop loss in here somewhere is probably a good move just in case
OSTK - Watching Only OSTK - Not the greatest of the 3 post market plays SLS / WKHS / OSTK but looks for a possible bounce, 5-7 % bounce odds not great but will be watching pre-market movement for bounce ability and new support levels watching only though as its likely not playing as this is probably a better short play which I am not currently playing.
Plus its Friday and Earnings is approaching traders likely wont want to hold over earnings on wednesday if this goes long at open from sell orders I would be shorting the shit out of this.
$OSTK Remain Long Targeting 23.8The most interested indicators here is the huge volume after raising from bottom its hold 18.5 for while .. and we can see other indicators corrected but still in BUY zoon .
Taking Profit, 45% Gain. Offsetting Losses From OBLN/CURThese losses essentially eliminate the 30% gain we realized from shorting CODX. Taking profits on OSTK. Gain, 45%.
Still looks very bullish though.
Overstock.com bigger pictureStill seems nutty to think this thing is gonna go up farther without a pullback but that volume has been nutty too so i'm along for the ride but watchin it pretty close. Closed over the daily 200 ema again today and I would love to see $25 but bailing in this range ain't that bad either
Overstock $OSTK May Be The Next Hyper-Shorted Stock to Blast-OffDISCLAIMER: I am not an Overstock bull. I don't believe in the future of Overstock.com or tZero, however this is a potential trade setup based on market conditions
1) On Friday, Dillards had an outsided 20% run on no news, but suspected that it was a short squeeze given the stock's 45% short float
2) Monday (yesterday) Lannett $LCI had also a large outsized run (up 40%) on no news but traders suspecting the 74% short float as the cause
3) Now speculation is which is the NEXT high-short-float stock to go. I would put $OSTK at the top of that list, with other candidates as $HIIQ, $HEAR, $PETS
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$OSTK Overstock Co LONG TARGETING 23.8 if Earning Up then 28.4Very clear up trend with huge volume targeting at least double the bottom which was 18 now its moving up again suggested will break up the previous top
Textbook long trade location on OSTKReasons for trade:
- Confirmed MACD Divergence
- Willy Crossed 13ema, and came out of over sold
- Confirmed W in price structure on daily
Entry yesterday (June 20, 2019) @ 10.52
Conservative First target : first RLZ @19
2nd profit taking location: Larger previous 38.2 level @24
3rd profit location: previous 12month 50% retrace: 28.19
