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TD SYNNEX CORPORATION

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SNX1 trade ideas

SNX Earnings PlaySNX is in a medium term uptrend, squeezing (bullish) and has earnings in 3 weeks. Options volatility is in the sweet spot and should rise a good 10% into earnings. Average 21 day price gain over the last 4 quarters has been $4.55. I'm looking to buy call butterflies centered at the $105 strike. I think I'll also look at the unbalanced downside PUT fly for a credit (Buy 1 100, Sell 3 @ 95, Buy 2 @ 90). Basically, a long PUT butterfly + a short PUT credit spread to pay for it.
NYSE:SNXLong
by ThetaGator
Bull Flag Overbought on Weekly and Monthly RSIEarnings 6-21. This flag did not consolidate very long, or pull back as far as most flags do. A bull flag occurs in an uptrend and there needs to be a pole. There also needs to be a pull back that forms the flag. The flag pole needs to be long enough to support the weight of the flag. Tight flags that hang high often perform the best. Bull flags do not always break upward. Sometimes the flag appears half way through the price trend, but not always. Throwbacks hurt performance. Possible stop below support line of flag. Looks like a pull back is coming as price has been moving up for quite a while without much of a break. Not overbought on daily RSI today. IS overbought on weekly and monthly RSI set at 80 verses 70. There are some brief consolidation zones on the pole that can serve as support when the pull back occurs. No recommendations
NYSE:SNXLong
by lauralea
Cup and HandleThis stock broke off from Concentrix (now trading as CNXC) several weeks ago..so now it is on it's own. Considered undervalued by some which is unusual in this arena. NV is up there as well as obv. Short interest is low.. Small pull back earlier today and I got a little paranoid ..lol..but on TOS, they still have this as a big gap down from when the two separated. So maybe they are giving SNX a new price and chart all of it's very own as it has changed on TradeView to reflect the split. So on here I no longer have a huge gap over price but I need to find out what is up. Usually TOS changes their charts fairly quick when a stock splits etc.. You can pick a level as this one has already made it to the 0.382 level but is now right under it. I love how the price is on the fib level chart (o:..saves me from calculating targets but sometimes I still do..lol. You have to calculate 100% so that you can put this fib table in the right place with "1" lining up with 100%. So you find the cup low (easy), then find the handle (not always easy) find the cup high and add a little to it. Calculate cup depth and off you go! Plus you need to feel fairly confident the stock is not gonna crash out (Not so easy) Not a recommendation SYNNEX Corporation provides business process services in the United States and internationally. It operates in two segments, Technology Solutions and Concentrix. The Technology Solutions segment distributes peripherals; information technology systems, including data center servers and storage solutions; system components; software; networking, communications, and security equipment; consumer electronics; and complementary products. It also provides systems design and integration solutions, build-to-order, and configure-to-order assembly capabilities; logistics services that include outsourced fulfillment, virtual distribution, and direct ship to end-users; cloud services; online services; and financing services comprising net terms, third party leasing, floor plan financing, and letters of credit backed financing and arrangements. In addition, this segment offers marketing services, such as direct mail, external media advertising, reseller product training, targeted telemarketing campaigns, trade shows, trade groups, database analysis, print on demand services, and Web-based marketing. This segment serves resellers, system integrators, and retailers. The Concentrix segment offers a portfolio of strategic solutions and end-to-end business outsourcing services focused on customer experience, process optimization, technology innovation, front and back-office automation, and business transformation services. This segment serves clients in various industry verticals, including automotive; banking, financial services, and insurance; energy and public-sector; healthcare; media and communications; retail and e-commerce; technology and consumer electronics; and travel and transportation. The company was formerly known as SYNNEX Information Technologies, Inc. and changed its name to SYNNEX Corporation in October 2003. SYNNEX Corporation was founded in 1980 and is headquartered in Fremont, California.
NYSE:SNXLong
by lauralea
SNX Swing IdeaI like SNX as a post-earnings momentum play as long as the overall markets continue trending up. This one seems to trade pretty much in line with SPX on a relative basis (Price Relative plot), and demand is pretty high following the earnings announcement a few days ago (RSI plot). The price chart has been trading above the 200-day moving average (indication of an up-trend) and is looking to test all-time highs. I would expect this to take some time to develop.
NYSE:SNXLong
by cwood119
$SNX: A Possible Breakout in the Chart Pattern!SYNNEX Corporation, a business process services company, provides business-to-business services that help their customers and business partners grow and enhance their customer-engagement strategies. Headquartered in Fremont, CA, and with operations in more than 30 countries, SYNNEX is an industry leader in IT distribution and customer care outsourced services, operating in two business segments: Technology Solutions and Concentrix. SYNNEX brings the most relevant technology solutions to the IT and consumer electronics markets to help their partners sustainably grow their business. With more than 100,000 associates operating in 25 countries and with fluency in over 40 languages, their Concentrix division delivers high-value business services and solutions for the customer-relationship lifecycle to more than 450 clients. SYNNEX is listed on the New York Stock Exchange (NYSE: SNX) and was ranked 198 on the 2017 Fortune 500. Synnex Corp with the symbol "$SNX" is currently rated "Strong Buy" in one of the reliable equity research firms due to its value, growth and momentum. Historical EPS growth for 3 to 5years is 20.40% At a current price of 109, it is still within the bullish trend from its low on March 18 at 52.06. It is climbing towards a major resistance level of 114 which may break out especially anticipating good news on the next report which will be June 23. There are 5 analysists who recommend a "strong buy" while radar of hedge funds are waiting to move towards buying which gives a strong signal to break another resistance level at 121. What is your take? Do you think the chart pattern is moving towards a break-out?
NYSE:SNXLong
by EAForexGlobal
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