BGFV Swing in sympathy with IndustryThey are the lowest performer with the highest short float. Established shelf around $27-28 area with upside to $34.
Oh and second cheapest stock in Sporting goods area of retail.
BGFV trade ideas
$BGFV Bull Flag (Pennant) Looking to break to ATHsI missed the big break-out after earnings. But as you can see on this weekly chart it is now forming a bull flag or pennant (notice the big flag pole) depending on how you want to draw it. Regardless. When this broke out it busted thru a 17 year downtrend! Talk about change in character... I'm looking for this to maybe consolidate for a few more days and then break this shorter term downtrend where I will be looking to enter this trade. Big 5 reported earnings, beat and guided higher in early May. Ideas not investing / trading advice.
from earningswhispers.com
Big 5 Sporting Goods Sees Second Quarter Above Estimates
Big 5 Sporting (BGFV) reported 1st Quarter March 2021 earnings of $0.96 per share on revenue of $272.8 million. The consensus earnings estimate was $0.44 per share on revenue of $260.2 million. Revenue grew 25.3% on a year-over-year basis.
The company said it expects second quarter earnings of $1.05 to $1.25 per share. The current consensus earnings estimate is $0.38 per share for the quarter ending June 30, 2021.
Big 5 Sporting Goods Corp is a sporting goods retailer. Products include athletic shoes, apparel & accessories, outdoor & athletic equipment for team sports, fitness, camping, hunting, fishing, tennis, golf, winter & summer recreation & roller sports.
BGFV Bearish Descending TriangleBGFV has had an incredible run for the past year. This is an amazing chart that has been going up consistently, and just recently skyrocketed. On their last earnings call they announced a special dividend of $1.00 per share. Like many other stocks, when this happens the stock overextends from the original bullish trend.
The key levels to watch seem to be both the $20 and $25 levels. These seem to have significance dating back on the monthly chart. If this pattern is to move downwards, those are the levels I will be watching. After seeing the bearish engulfing candle on the daily, along with the insider selling going on this month, I expect this to move lower.
My plan: 7/16 $20 Puts. These are low risk contracts that give me time at a cheap premium.
This is my first post, I hope this can be helpful to someone. Only time will tell. Good luck to you all!
bullish swing, break descending triangleBig 5 hitting area of support (Daily).
Hourly, may break descending triangle and go upwards.
BIG 5 SPORTING GOODS CORPNASDAQ:BGFV
Hi !
Today BGFV stock is a very good candidate for a short.
And here's why.
What's on the chart:
1. historical highs.
2. Strong upward movement with no pullbacks.
3. Closing yesterday's bar below the middle, not far from the nearest level.
Strategy:
Short below the 30.63 level
Important: Risk per trade, stop loss order and TP-order must be set based on your strategy.
NB: I firmly believe and this has statistical and historical evidence that an intraday trader must use an SL-order which will allow him to limit his losses.
So I strongly recommend to my subscribers and students to do this, which can save deposit from losses. I don't welcome trading without an understanding of risk management. If you don't know how to manage your deposit, such basic concepts as risk per trade, risk per day and risk per deposit should be calculated, you'd better take the appropriate training, either at the company or elsewhere.
You will find more ideas for intraday trading in our telegram channel.
BIG 5 SPORTING GOODS CORPNASDAQ:BGFV
Hi !
Today BGFV stock is a very good candidate for a short.
And here's why.
What's on the chart:
1. historical highs.
2. Strong upward movement with no pullbacks.
3. Closing yesterday's bar below the middle, not far from the nearest level.
Strategy:
Short below the 30.63 level
Important: Risk per trade, stop loss order and TP-order must be set based on your strategy.
NB: The creators of @AMKS_Capital, Alexey Malorodov and Sergey Kanochkin, traders with years of experience, always (!) use stop orders and strongly recommend their subscribers and students to do this, which can save your deposit from losses. We don't welcome trading without an understanding of risk management. If you don't know how to manage your deposit, such basic concepts as risk per trade, risk per day and risk per deposit should be calculated, you'd better take the appropriate training, either with us at the company or elsewhere.
You will find more ideas for intraday trading in our telegram channel.
BGFV- seems tp find a top Stock Price doubled in 5 days . $34- $36 would be the range where the stock finds a top. it needs to go down of retest of the breakout.
BGFV Textbook Cup & Handle preceding 3500% runMassive base
Textbook Cup & Handle preceding 3500% run
BGFV - Rising wedgeShort above $27 with a great RR. it is already in the Supply Zone. Buy the Hype Sell The news.
Big(5) Move Coming- $20 faster than you can say short-squeez!Shorts be warned. Major trend line about to break to upside, on improving technical and fundamental momentum
Sell cash secured puts on Big5?If you are interested in accumulating BGFV you could consider selling a put. If it reverses, like is has in the past you pocket a % for the reversal or if you wanted a decent entry why not get paid for the pullback? It might not feel great entering this position although it's paid off the last few months as the stock continues it's upward trend.
BGFV run is about doneBGFV is looking overextended and coming into resistance. I will wait for a lower high to actually take a short position but am selling covered calls to exit my positions.
$2 --> $15
ANALYSTS ASLEEP AT THE WHEEEEEL - MASSIVE UPSIDE FOR BGFVPerhaps the most undervalued company in the universe of stocks. And the Analysts are telling you to buy Tesla and Doordash. LOL!!!!!!!
Big5 Big Move - $13 coming sooooooon. Then $24Probably one of the most undervalued companies, technicals support a move to resistance at $13, then a move to all time highs.
BGFV FailFailed at first entry and it provided a second opportunity thereafter but was too close to earnings.
Jul 27, 2020 09:31
Shares traded: 1250
Closed P&L: $-337.50
Share trade
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Execution detail:Advanced >
Date/time Symbol Qty Price Position
2020-07-27 09:31:31 BGFV 625 $4.410 625
2020-07-27 10:04:00 BGFV -625 $3.870 0
BGFV:NASDAQ - BIG 5 SPORTING GOODS - 980% gain since March lowsGot lucky on my timing with this one. I was looking around for other sporting goods stocks after how well SPWH has been running and thinking with the US coming into summer and travel abroad being restricted there could be some more upside to sporting goods type stocks. Spotted this one coming back after a pullback and caught a big chunk of todays 30% rise. Not sure how much longer it will run for after todays big bump, but could be worth a look.
Fiscal 2020 Second Quarter ResultsFiscal 2020 Second Quarter Results
-Generates Second Quarter Net Income of $11.1 Million and Earnings per Diluted Share of $0.52
-Fiscal July Same Store Sales Increase 31.9%
-Revolver Borrowings of Zero, With Cash Position of Approximately $38 Million As of the End of Fiscal July
“We produced strong second quarter earnings"
" Strong sales across a broad array of categories and throughout our geographic markets, combined with the continuation of certain cost reductions that we implemented in response to the pandemic, have positioned us to drive significant operating leverage and earnings per share for the third quarter."
-healthy capital structure, with no debt and a cash position of approximately $38 million as of the end of our fiscal July period.
Net income for the second quarter of fiscal 2020 was $11.1 million, or $0.52 per diluted share
upbeat earnings forecastPreliminary Results for Fiscal 2020 Second Quarter
upbeat earnings forecast amid the coronavirus outbreak.
predicted second-quarter earnings per share of 52 cents to 54 cents for the period ended June 28, compared with breakeven EPS last year.
preliminary results for revenues, which dropped 5.4% to $228 million, and comps, which declined 4.2%. Although same-store sales fell 28.2% in the first half of the quarter, the gradual reopening of its locations across the country have resulted in a 15.5% improvement in the second half of that period.
finance.yahoo.com
finance.yahoo.com
BGFV looking like a nice hold for awhileBGFV has some big buying volume earlier in the month and looks good to hold until $13-$16. P/B ratio is still 0.56 when in the past it has averaged between 1-2 P/B ratio. Will be continuing to sell covered calls into the top resistance channel on the 1 day chart.
bgfvWhat do you think of this? $BGFV's in Uptrend: Moving Average Convergence Divergence (MACD) Histogram just turned positive. View odds for this and other indicators:
Big 5 Sporting Goods Corporation operates as a sporting goods retailer in the western United States. The company's products include athletic shoes, apparel, and accessories, as well as a selection of outdoor and athletic equipment for team sports, fitness, camping, hunting, fishing, tennis, golf, winter and summer recreation, and roller sports. It also provides private label items, such as shoes, apparel, camping equipment, fishing supplies, and snow sport equipment. The company sells private label merchandise under its own trademarks comprising Golden Bear, Harsh, Pacifica, and Rugged Exposure. As of May 27, 2020, it operated 431 stores. The company also operates an e-commerce platform under the Big 5 Sporting Goods name. Big 5 Sporting Goods Corporation was founded in 1955 and is headquartered in El Segundo, California.
