BBBYDoes have gap to fill below...but with a possible good earnings and its already breaking out it should fly to the upside in hopes to fill the above gaps.
BBBY trade ideas
BBBY will it do another great earnings?It is holding up at $18 pretty well since last great earnings.
It looks like a great risk to reward ratio for us with quick cut-loss.
Would be great to sell them before January 7th.
This will be either win or lose situation.
Let's see how this will move.
BBBY - up or down?its all going to come down to the earnings event on jan 7
trying to think of a way to play this safely but its tough b/c earnings are just a binary event
we have a gap to fill down below or an opportunity to break out of the wedge
company itself is questionable in terms of fundamentals
will bed bath and beyond deliver? Earnings are Thursday January 7th 2021 i exect the unthinkable with this stock. it has earned it's nickname "Blood Bath" but as i'm writing my analysis on this. i think tomorrow's report is going to have a major factor i.e. the sell of their subsidiaries but, i don't expect this to go to the $21 range it might but looking at a monthly of NASDAQ:BBBY , you have a long way to go back to highs
BullishMy first pt is around 26. With the holidays just past and the new retail stores being opened we should see a spike before we see the dip.
$BBBY short followed by long.
Price may drop down to fill the gap and then bounce back up from our (POI). Put it on your watchlist.
Trade Safe.
$BBBY Bed Bath & Beyond Potential Wedge Break.
Stock showing huge relative strength today as it bounces off MA support.
20ma is next resistance to consider.
Sloping downtrend as wedge break.
expect back test if it does occur.
Pivots resistances and Fibs included as targets
lots of upside if you time it right here!could continue up from here if old downtrend channel holds, but if its a fakeout breakout and breaks back down...then we can look for a dip entry around 12-13, stop loss around 9.99 and target 23, goodluck to longs!
long after wedgeafter breakout a historical horizontal support line price pullback with a corrective classic pattern as wedge
and hope to long
Breadown of a descending triangle with gap to fill.Looking at a bearish descending triangle that broke below the support line on Thursday. Could potentially buy puts here and target the gap fill. If youre ballsy you can target the measured move from the height of the triangle downward. Not financial advice.
THE WEEK AHEAD: BBBY, MU EARNINGS; ICLN, SLV, XLE, IWM/RUTEARNINGS:
I've culled down all of next week's earnings announcements to options highly liquid underlyings where the 30-day is >50% and am left with two potential candidates for volatility contraction plays: BBBY (23/99/26.3%)* and MU (23/53/14.0%).
BBBY announces on Thursday before market open, so look to put on a play in the waning hours of Wednesdays session; MU, announces on Thursday after market close.
Pictured here is a delta neutral short strangle in the February cycle (49 days), which was paying 1.27 at the mid price as of Friday close with break evens wide of two times the expected move on the call side and slightly above the 2x on the put and delta/theta of -1.07/3.12. Naturally, you can see the call side skew here, with the similarly-delta'd short put 3.76 away from current price, but the call 7.24 away, so the underlying may merit a look at alternative plays that take advantage of this.
In contrast, the shorter duration January 15th 15/22.5 (14 days) was paying 1.02, with delta/theta metrics of .21/7.91, with the natural trade-off's being less room to be wrong, but a quicker resolution of the trade should you be right.
With MU, I'd look at a Plain Jane 2x expected move short strangle, which here would be the January 15th 68.5/85, paying 1.71 or the February 19th 62.5/90, paying 2.30.
EXCHANGE-TRADED FUNDS RANKED BY PERCENTAGE THE FEBRUARY 19TH AT-THE-MONEY SHORT STRADDLE PAYS AS A FUNCTION OF STOCK PRICE:
ICLN (9/51/15.0%)
SLV (33/48/13.6%)
XLE (23/41/11.4%)
XBI (27/39/11.2%)
EWZ (14/39/11.1%)
GDX (15/38/11.1%)
XME (14/38/10.7%)
BROAD MARKET:
IWM (25/31/8.1%)
QQQ (19/27/7.1%)
SPY (15/22/5.4%)
EFA (20/21/5.2%)
BOND FUNDS:
TLT (16/18/4.4%) (Yield: 1.609%)
HYG (7/13/2.0%) (Yield: 4.917%)
EMB (4/7/2.0%) (Yield: 4.024%)
AGG (28/8/1.7%) (Yield: 2.252%)
* -- The first number is the implied volatility rank or percentile (i.e., where 30-day implied is relative to where it's been over the last 52 weeks); the second, 30-day implied; and the third, what the February 19th at-the-money short straddle is paying as a function of stock price.
Will support hold for the breakout?! Short Float at 61.28%BBBY is holding the 50% Fib retrace as strong support within this triangle. ER is coming up on Jan 7th and news can change the analysis.
TTM Squeeze is showing upside momentum into a squeeze and MACD is curling to the upside on the daily. If the support holds we can see a strong breakout to the upside.
If it fails, we can see a strong downside through the volume void from the last ER gap up. Another thing worth noting, BBBY has one of the highest Short Float at 61.28%.
BBBY: Long now at 18.6, SL close below 18, PT 21-22, 25, 27Support at 18, with touching 20 ema now, holy grail setup. Currently in consolidation at low volume, after a Huge breakout on big volume on earnings. Earnings on Jan-7, good chance of run up to earnings as well
BBBY Ready for a holiday push?NASDAQ:BBBY consolidating for the past 2 weeks. Looks like its primed for a holiday push. SL $19.50
BBBY Sucks- Excess inventory
- Only had one positive earnings
- Last earnings surprise was from a one time sell of cost plus... like they are in bankrupcy
- google trends is shit
- Accounts payable high
- Took PPP but hid it
BBBY paths Looks like there are many possibilities , I am bearish only because of a gap fill below.
However the triangle lows are respected like a mofo
lots of trendlines coming into play! im bullish on the chart! breaking a longterm downtrend and now it should bounce off this trendline support and continue higher. id set my stop around 16.5-17 and target 25-30 in early 2021. goodluck :)
BBBY - Rise or Fall?BBBY has been a business that has struggled for a long time, especially with COVID impacting their business model. With the world looking to open back up, and vaccines coming around the corner, it may be time for BBBY to regain some momentum. The monthly chart has the price reclaiming the 50 Period Moving Average, with the 9 Period Exponential Moving Average catching up, leading me to believe that this could be a good dip buy for BBBY.
The reason I am neutral on this ticker is that there is also a gap fill below, so if any bad news hits the market with regards to reopening, or the vaccine, it could be played to the short side as well. Nonetheless, as long as it holds the top of that gap as the support level, we could be seeing a really good opportunity to go long into their ER on 1/7/2021.
