$BLMNGreen: Entry Point
Blue: Start of Week
Red: End of Week
Thumbs Up: Trade Available for Week
Numbers: Price Targets
*For share traders only. Not meant for options.
BLMN trade ideas
bollinger shows mid 14 bounce possibleIf history repeats, then we should be seeing a reversal soon, but we should keep a close eye on this.
LONG BLMN 041824This may be a good opportunity for a breakout in Bloomin Brands.
We have reached the lower swing and are looking for support at current level.
Setup an alert to $27.30 and take a long one it goes above.
Happy Trading,
$BLMN Setting UpRestaurant sector looking constructive. Might help put a floor under NASDAQ:WING
But where is NASDAQ:BLMN that's looking pretty sweet.
QuickTradeBLMN shows the beginning of my #WXYSetup
First 1-2 + Bullish cross
RSI Overbought
Stops at 18.45 / 17.8
$BLMN Bloomin’ Brands Promotes Danielle Vona to Executive Leader$BLMN Bloomin’ Brands Promotes Danielle Vona to Executive Leadership Team. New CMO Brings tremendous marketing experience to the table, Recent PT Upgrades and unusual darkpool activity. This looks like a no brainer.
www.businesswire.com
Expectation Record BLMN for 10 - 14 May 2021Resistance 1 : 32.80
Support 1 : 28.80
Support 2 : 27.20
BLMN after hit new High at 32.80 and now close above 30.00. Support_1 (28.80) will be support point for BLMN in short period of time.
Target hit !Earnings boosted the price to its target. Now a fast EMA must act as support for the uptrend (if any).
The 21 daily will be used as main support as well.
Expectation Record BLMN for 26 - 30 April 2021Resistance 1 : 30.00
Support 1 : 25.80
Support 2 : 24.20
"Bloomin is ready to Bloom again" With the PFE vaccine news, reopen stocks are ready to rock again. Restaurant have started to recover, but there is more upside room.
Looking at BLMN for the following reasons:
1. I have traded the stock from 9 up to the current levels and believe in the management and product
2. The officers of activist group JANA Partners have officially joined the BLMN board - we can expect to see spinoff or sell down of parts of the BLMN
3. Sales are rebounding, operating costs have been reduced and curbside is still strong and holding
4. BLMN has great management
From the trend analysis, the stock printed 18.05 and retraced. Given the reversal of the downtrend, the stock is bound to challenge the 18.05 zone and breaking through put the stock in 19-20 zone where many of the Wall Streets analysts have the price targets.
Bottom line, there is enough to trigger a long position.
Good luck.
BLMN, Short ( second attempt ) So , first trade on BLMN was stopped out but I still think this has potential . Will try again at next resistance level if the opportunity presents itself.
BLMN, Short Reasons for short entry .
RSI 71.87 in overbought territory
Debt over equity is atrocious at 225.08 and quick ratio is 0.3 , they do not have enough cash on hand to meet short term or long term debt.
Price to book is 352.83
Trading above avg target price of 20.62
Short float is 15.98% and Short ratio is 5.6
Risks :
Earnings on Feb 25, creates uncertainty , try to exit prior if possible .
Recent large print transactions reported from bots on stock twits
EPS this year forcast +27.80% , eps next year forcast +261.2
Outstanding shares have decreased , an offering, at some point, would not surprise me seeing their quick ratio.
BLOOMIN BRANDS Strategy DailyHey guys, BLOOMIN BRANDS is in a fake bearish push with pent-up buyers' attempt and low past buying volume. While leaning on the TIMEFRAME M1 one sees a marubozu with an abnormal volume of purchase carried out it goes in direction of VWAP. It is very plausible to break it in force at the same time to breakout the purchase price and to go to the last precedent above (See TIMEFRAME H4). For the precession and on the TIMEFRAME H1 with a top as the target objective. No power to land on the TREND-BASED FIBONACCI EXTENSION.
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$BLMN Consolidating Right Under its Run up HighsRestaurant industry is back at levels before covid19 and NASDAQ:BLMN has been consolidating its run up right below $17.70 resistance level . I'll be watching this tomorrow after earning report is out of the way. A daily close above that level could trigger the next leg higher in the stock.
oi matehuge resistance, declining volume, gap. (early in the month though, just observing)
Feedback appreciated
Blooming Brands Key AreaBreakdown backtest, or recovery? We'll look to at least test 13.50 and then see if we can add long or go short.
Bloomin' Brands Long PositionWith restaurants slowly opening back up in the United States post Corona I'm looking for this chain to have a strong recovery. I actually worked for Bonefish Grill while in college and their corporate offices are very involved in turning a profit and keeping strict restrictions on staff and efficiency of meal prep. Entries, stop-losses, and take-profits are shown for short, medium, and long term plays. Outback, Carrabba's, Bonefish Grill, and Fleming's all have a great return on their menu items.
BLMN Long (CLOSED)Low expectations on earnings causing a gap down. Support in the daily is 10.00 Got in at open 9.65 and easily got stopped out at 9.40. Stop was too tight. TP: 10.30
LONG TERM BUY AND HOLD - Outback Steak House (BLMN)Same general principals as the idea for HAL - buy and hold, looking for 4x profits.
Restaurants are tricky, but i'm anticipating chains like Outback and Bloomin' in general will thrive.
Or will people be forever changed by the coronavirus and stop going out? How about people cant afford it anymore?
This one is particularly fishy.
Stay safe -
Fish
