0HK4 trade ideas
Avis vs Hertz - Stand Aside (Hold)Both Options A and B are possible (one it is based on the Technical analysis - Channel line and one on the gap between the two similar market - the gap sooner or later should be closed)
Hertz is still on the edge of bankruptcy, we need to wait to understand the future of Hertz
AVIS seems that will be able to pass through the crisis:
That $750 million borrowed on top of the $1.6 billion in cash Avis had leading into the crisis, giving it leeway to survive the year even at a projected burn rate of $200 million a month.
$CAR Possible Long /Short opportunity Nice move today but still minor in the bigger picture.
Could still very well be a continuation pattern developing but our biase is long.
CAR setting up for breakout
Breaking out from local descending channel,
Symmetrical triangle forming
Could benefit from people less willing to take public transport
$CAR AVIS breaking out After-hours
The talk of gradual end to the lockdown has sent the stock higher after-hours.
Alex Vieira Warned YOU! Americans Lose Their Life Savings! CRASHALEX VIEIRA GENIUS LAUGHING HARD BEST CRASH SINCE 1929 YOU WERE WARNED! DUMP EVERYTHING! GO SHORT!
Alex Vieira AVIS and Hertz to Crash Urges Massive Short Sellingthe video selling short AVIS at $52 LIVE is available on the web
CAR - Avis/Budget Breaks Out, Targets $50CAR - we have a breakout on our hands ahead of earnings. My price target and stop loss are on the chart - I think someone knows something that we don't.
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Avis Breakout Alert Earnings beat
Avis Budget (NASDAQ:CAR) reports revenue rose 6% in Q4 after factoring out currency swings.
Adjusted EBITDA rose to a record level for the quarter of $143M.
The company says Q1 off to a strong start as the momentum we experienced in December has continued. Full-year revenue of $9.4B to $9.6B is anticipated vs $9.3B and adjusted EBITDA of $750M to $850M.
Shares of Avis are up 8.44% in AH trading
Alex Vieira Loves AVIS Seeing Potential Buyout Strong BuyAlex Vieira Loves AVIS Seeing Potential Buyout. 99% of the American population has capitulated. Bull Market is Here!
Avis Budget Group looks interesting Entry level $35.25 = Target price $44.00 = Stop loss $34.00
Levels of Interest = $36.75 which is considerable resistance.
Has made a very bullish reversal from, the lows and speculation is gathering steam that the company could be taken private which would result in a considerable upside target for the stock. Very speculative but bullish technicals help build the case for a long trade.
P/E ratio = 15
Short interest = 13.26%
Average Recommendation:Overweight Average Target Price:$37.88
5 BUY
0 OVERWEIGHT
2 HOLD
1 SELL
Company profile
Avis Budget Group, Inc. engages in the provision of vehicle sharing and rental services. It operates through the Americas and International segments. The Americas segment licenses the company's brands to third parties for vehicle rentals and ancillary products and services. The International segment leases out vehicles in Europe, the Middle East, Africa, Asia, and Australasia. The company was founded by Warren E. Avis in 1946 and is headquartered in Parsippany, NJ.
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Zacks downgrade before earningsZacks earning filter has moved Avis from a 1 to a 3 (from a strong buy to a hold) in 2 days, plus 75% of earnings listed today that HAVE beat earnings estimates are down anyway....some significantly. I would strongly advise staying away from earnings this week (IBD alerted that very message this morning ) IF I WAS ABLE TO GIVE FINANCIAL ADVICE. I'm selling and adding to my inversed ETF positions :)
I am not a licensed financial adviser and this is not financial advice.
Will Avis give us a repeat earnings performance on Monday?
This setup looks like the last earnings setup. Given the current price, the resistance line being about the same as the previous earnings rise, the trend line (only broken by a news event), and an expected surprise by Zacks (Zacks Rating of1); a repeat scenario appears likely on Monday in spite of the current downtrend. Keep in mind this earnings season hasn't been very exciting so far....nevertheless!
CAR: This is forming a massive h&sUber, Lyft will eat this company up. No more reason is needed. Short this and you will be rewarded. Long term play.
I spent 9 years working for them in my past life.
Long Avis for 10-20% continuationAvis is having a good 2019, rallying off a triple-bottom near $21 to current levels around $34 over the last four months. We've been tracking the stock since it broke higher through trend channel resistance back in February. The rally from the low appears to be impulsive, with an extended Wave 3 on surging momentum. The stock is now trading sideways in what we're counting as Wave 4 of larger degree Wave 3. Look for the prior rising trend channel to act as support as CAR resumes the short-term uptrend. Initiating a long position at market and looking for an immediate 10-20% move higher before further consolidation.
CAR has broke the downtrend, now it's time for a reversalCAR has broke the downtrend, now it's time for a reversal
CAR Long Bullish divergence with the Double Ballsack PatternCar looking for reversal at a previous lowpoint with Bullish Divergence and showing a Double Ballsack Pattern. Technical indicators looking great on the 4H, and 1D. Enter if price action is upward & cut if it dips below support (YELLOW BOX). Looking to begin scaling out around the GREEN BOX if trade is entered.
Bull Wedge on CARBull wedge on CAR riding the lower bollinger band, I think there's a decent chance of a short-term boost in the next week.
However, keep in mind their earnings have been trash.
