LRN trade ideas
$LRN Inverted Hammer CandleKeeping an eye on $LRN after today's inverted hammer candle. Last two days were decent size red candles on light volume and today's inverted hammer candle saw an uptick in volume. Would like to see it get above $29.50 before entering position. Target would be the $31.33 area.
Going back to school to LRNKeep an eye on this one -- we like it long right here. Multi-year breakout above $40 last month now holding as support. Deep pullback to the 50dma with a large open interest put level at the 43-strike to act as support as well. Shorts are in covering mode down over -18.03% over the past 2-weeks. Options are moderately priced in the 19th percentile as well.
Long Opportunity -Swing Trade IdeaLRN just hit all-time high @$51 this morning,
My limit sell order was at 50.38
My order got filled while I was sleeping this morning...
I had a rough night last night...lol
Retail investors of won't be able to cause panic sell-off, its because 80% of the LRN stocks are institutionally owned.
Every time there is an attempt of massive sell-off, the institutional buyer just eat them up
given the circumstances, the Price action of LRN doesn't surprise me at all
Like I said earlier in the historical chat, My Target Price is $70.
I see no problem LRN will retest 50's and reach $55-58 area
I have already put a Limit Buy Order @ 47.65-47.70
CITRON is giving a GREAT LONG opportunity with $LRNCitron following intraday trading strategy idea
K12 Inc., a technology-based education company, together with its subsidiaries, provides online curriculum, software systems, and educational services to facilitate individualized learning for students primarily in kindergarten through 12th grade.
The share price is rising and gonna continue this trend today after the new Citron report publishing.
The demand for shares of the company still looks higher than the supply.
These and other conditions can cause a rise in the share price today.
So I opened a long position from $37,50;
take-profit — $41,39;
stop-loss — $36,35.
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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LRN 50/200 Cross + Wedge BreakoutCurrently trading in an expanding channel/megaphone pattern with a local wedge forming in the gap. I like the $25 - $26 area to initiate a long as that was a prior breakdown and breakout level, and at that price a wedge breakout and MACD cross should have occurred. Additionally, the 50 MA is setting up for a cross of the 200 MA at a very aggressive slope. If you were to examine the 5 and 20 SMA (which are normally part of my analysis but have been removed due to the business of my annotations) you would see they are also setting up in a very bullish manner. RSI holding strong during consolidation and MACD cross appears set to cross tomorrow. Take a moment to look at how the stock has historically respected support/resistance and channels. This setup is very reminiscent of my 'BDSI long' idea which is at the very bottom of my page so I hope you take a look at that and see the similarity and most importantly the resulting success of that setup.