1IRBT trade ideas
$IRBT WEAKNESS 30% FLOAT SHORT!WATCHING HERE AT TRENDLINE
DOWNSIDE TARGETS MARKED IN BLUE
WILL BE WATCHING FOR SHORT COVERING RALLIES
IRBT Triangles UpdateMy guesses:
If the pattern holds, IRBT will turn down to around $102.09 before beginning an upswing again. The RSI is right for this scenario, and the anticipated drop in price before the earnings report on Oct. 23 would indicate a final drop within the next couple of days, followed by a holding pattern until earnings, before turning up.
However, I don't expect the pattern to hold. The reason I have a projection arc is because this pattern has gone on too long. There is a strong possibility that the stock will instead drop below $102.90, with a possible support at $94.36, as can be seen just before the triangles began. IRBT stock prices have been outperforming the industry for the last three months, so a market correction is a distinct possibility. They already released their latest new Roomba on September 9 and there has been no news of any new products. The consensus is that the stock will drop to around $80, but when is unknown.
My suggestion: Do not buy now
IRBT heading down. Be ready for upswingIRBT has been falling at a sharp angle, and even with the slight upswing today, considering the pattern over the last several months, I noticed three things. First, IRBT almost always goes down before an earnings report, followed by a sharp upswing immediately after the earnings report. Since the next report is coming out Oct. 28, I believe we will continue to see a downswing for the next few weeks. Second, the RSI is around the 20% mark, and finally, the MACD is above the buy line. So, I don't think now is a good time to buy, but keep a sharp eye out because it will come back. Now, the RSI being so low might indicate the stock is undersold, but in this case, I believe there is good reason.
Looks like it holding the 20sma for now, intresting nameall moving averages sloping higher, reclaiming the 10 would be huge and probably a tell it wants more
Bull FlagiRobot is showing a bull flag during the course of that bullish TL. Volume looks good too. Waiting for a confirmation.
$IRBT Parabolic - Overbought at Resistance$IRBT iRobot looking extremely overbought at this point, meeting resistance near the previous all time high around $108 today. The stock's most recent move which began July 31st has become parabolic in the last week, a nearly vertical ascent - I expect the near term correction descent to be just as quick. Two possible near term targets/support levels - $101 then $94.50.
Note: Informational analysis. not investment advice.
Double top impeding for IRBTLooks like this is overbought to me, it will require immense volume for another leg-up and to break through previous highs of 109-110. While I think last earnings were more than solid, a 100% swing since May of this year does not look warranted. I believe this will retrace and churn/consolidate around that fib level.
Update final: $IRBT short-term bullishSTC all my calls for +150% profit - was 250%, but I was too greedy I guess.
My take home lesson is always sell not-so-liquidy options when the stock has big volume and stays green. In this example, afternoon of June 12th should be the point to sell.
I wont be surprised if this go another leg higher, but probably will test 200 dma first.. I will keep on watch.
Update: IRBT trend reversal and break outLast week IRBT has went through a parabolic move.It still looks quite strong here in short term. I am holding all my Nov calls still, and would expect a 88.04 gap fill (blue line) now, considering how strong it is.
Nonetheless in micro-term we may see shorters step in. If this thing pulls back, I may consider add more, depend on how the chart looks...
$IRBT Gap-filled Meeting Long Term Resistance$IRBT Gap-filled Meeting Long Term Resistance - will look for a close today at or below $80.25.
Near term price target $73.50-$75.00
$70.50 possible if ~$73.50 support doesn't hold.
IRBT Gap Might be to late to the party but IRBT has a massive gap at 79.48. Looks like we're heading straight for it. Might be a good call opportunity.
iRBT: Primed for Massive Growth iRobot has one of the better looking charts in the market. ABC correction is over and sitting right above it's 50 Day MA on the monthly. With robtics just beginning to go mainstream, iRobot is primed for huge growth, already owning 60% of it's market. iRBT CEO purchased a 6% stake in the company at the end of May.
iRobot losing momentumIt was only a small doodling for fun, however as I took a closer look and checked other details I come to the conclusion, that next week going to be a very important turning point for IRBT shares from a technical stand point. I want to see this share succeed, because I absolutely love their products, but based on the highlighted potential downward trend and the slowly dropping volume, I think another big drop is very likely for IRBT next week.
Unless IRBT or the US market in general get a major positive push from news, I don't think this share has any more growth potential for now.
I'm currently staying neutral on the subject and wait if the share price can break out upwards or downwards to confirm or ease my fears.
IRBT Detected possible stock repurchase!!!IRBT: irobot corporation
2018-02-27 08:30:03
Detected possible stock repurchase
This is simply niceI am a fan of robotic sector in general. This company is talking about new robotic smart home generation. China wants 50 % automated & robotic production to 2020. This is another chance for Kuka AG. I see there nice fundament. But I don´t care about irbt so much...
