ODP trade ideas
This stock can give a good profitA wedge formed on the weekly timeframe. At the moment, the price has broken through its upper limit and is ready to go higher. Growth can be quite good.
ODP recoveryODP has been an instrument for speculation for a while and shown its liquidity is good enough to keep the box stores open. We should see a TP of 6 dollars with in the next year and 14 dollars with in 2 if all goes well in 3 years it will be pushing its res from 2008, we could speculate to the 60 dollar range.
Trying out an earning predictionTesting out a potential means of measuring the beat/miss expectations ranges for NASDAQ:ODP
$ODP Office depot on verge of breakout 4% YIELD APPEALING
Office Depot, Inc. engages in the provision of office products, services, supplies, and technology solutions. It operates through the following segments: Retail, Business Solutions, and CompuCom. The Retail segment involves in selling merchandise through chain of office supply stores and offers products and services in the categories of supplies, technology, and furniture and other. The Business Solutions segment trades branded and private branded products and services and provides copy and print services. The CompuCom segment comprises procurement, installation, and managing the life cycle of hardware and software businesses; and offers information technology (IT) support services including remote help desk, data centers, and on-site IT professionals. The company was founded by F. Patrick Sher, Stephen Dougherty and Jack Kopkin in March 1986 and is headquartered in Boca Raton, FL.
ODP - LONG SETUPLOW RISK LONG SETUP ON ODP. SHOWING BULLISH DIVERGENCE ON BOTH OSCILLATORS. PRICE IS CURRENTLY IN AREA OF HISTORICAL SUPPORT.
My count at the momentHonestly, I am not very sure about the count. But it seems to me that we should count this as this. This would make the fifth wave a failure
$ODP OFFICE DEPOT ***MORE PAIN AHEAD***The sirens rang when the dreaded earning pre announcement painted a gloomy picture for Office Depot, There is no evidence for along on this apart from the .65 fib retrace is holding, its a short all day on a break below $2.60
ODP is a Great Spec BuyShares of ODP have performed well in the past several months, as turnaround efforts seem to be achieving favorable outcomes.
Even better, they are paying a 3.34% dividend while you wait, and the payout ratio of 52.6% seems manageable to maintain, and barring a plummeting of sales, seems safe to me. They're also cheap at 8x 2018 estimated earnings per share.
Shares are climbing nicely since I bought at $2.41 on May 21st (+22.34% not including dividends). This current pullback to the breakout level is holding as support, with additional support from the 200dsma slightly below at $2.85.
I'm adding to my position and highly recommend you consider this name in your portfolio for a longer-term spec play.
Office Depot opportunityOffice Depot (ODP) opportunity:
Stochastic rebound at level 20.
Doji formed on 2018-09-13.
Stock strenght is good.
My suggestion is a buy stop at 3.23 and follow the trade untill stochastic goes in overbought area.
ODP bull flag forming on daily nicely. Looking for break to upside. Nice article about how ODP is undervalued right now by Zacks.com should help as well.
Office Depot opportunityOffice Depot opportunity:
Stochastic rebound at level 20.
Doji formed on 2018-09-13.
Stock strenght is good.
My suggestion is a buy stop at 3.23 and follow the trade untill stochastic goes in overbought area.
ODPbad earnings report and price aggressively moves up. Selling pressure over and new market cycle begins.
indicator that end of accumulation phase is near- higher lows
ODP on watch for this week ODP had a volume surge on Friday with the last candle being a bullish kicker as well as MACD signal shown.
ADX being strong at over 40 with DMI+ over 24 and DMI- over 10 showing an uptrend. It did close over the 50 moving average of 2.23
Fibonacci points are currently
Entry/Support - 2.32/2.36/2.39
Pivot - 2.44
Resistance - 2.48/2.51/2.56/2.63
For entry I would try to bid closer to the support of 2.32 to 2.4.
Book Value: $3.72 (Total Shareholder's equity/number of shares)We know...Market doesn't follow any logic. Finally the super overvalued stocks are starting fo fall . Anyway, there are very few stocks which are quite undervalued. Benjamin Graham’s Criteria for Picking Value Stocks
VALUE CRITERIAS: Graham advised buying companies with Total Debt to Current Asset ratios of less than 1.10 - ODP Current Assets (in millions) 2,870 ODP Total Debt is 1,700. so 1700/2870 = 0.59 (Much less than 1.10)
Current Ratio (current assets divided by current liabilities) to find companies with ratios over 1.50. About OFFICE Depot Numbers: 2870/2046 = 1.40 (a bit lower than 1.50)
Invest in companies with price to earnings per share (P/E) ratios of 9.0 or less. ODP P/E is 6.8
Find companies with price to book value (P/BV) ratios less than 1.20. ODP Price (Market value) is 1,280 . Total stockholders’ equity (last quarter) is 2,120 so 1,280/2,120 = 0,6 (50% less than 1.20!)
Invest in companies that are currently paying dividends. ODP, actually, is paying dividends.
Following the Graham numbers, ODP is one of the very very few companies to be undervalued. It's undervalued by 76%
dqydj.com
divergence + supportstill about 5% higher than the resistance but also offers higher reward if it moves higher
