STLD trade ideas
$stld upside to 32ishNice bullish divergence, followed by strong up move opens up for quick move to 32. From failed moves come quick moves.
TurnIt looked like bigger correction this morning but has turned around soon. So that I assume a further decline today.
STLD - flagSymbol STLD
setup flag
Upcoming Earnings Jan 29, 2019 (EST) Apr 17, 2019 (EST)
Horizontal S&R: yes
Channel S&R: no
>20 & 50MA S&R: yes
>200MA: no
Volume confirmation: no breakout vol. over 1.
Candle Confirmation: yes
Stoch Divergence: yes embedded
Reg Trendline >85: no
Short Float: 2%
Entry 37.6
Stop 35.5
Price Target 41.8
Risk / Reward: 1:2
Zacks Rank: 4-Sell 4 Style Scores: B Value | A Growth | B Momentum | A VGM Industry Rank: Bottom 16% (214 out of 256) Industry: Steel - Producers
Good looking chart with good risk and reward, but Zacks has a sell rating on it.
STEEL DYNAMICS INC.Long for a bound from the 200 weekly SMA. SL and TP indicated on the chart.
I'm in.
Head and Shoulder (Top) #STLDEntry - $40.56 at close
Stop - $43.50 - Will adjust lower
Target - $33.00
Detected possible stock repurchaseSTLD: steel dynamics inc
2018-09-04 09:45:05
Detected possible stock repurchase
Above 2008 HighsThere is a before and after in modern history when it comes to stock market Indexes
because between 2007-2008 all the stock market hit a new high before drop
Then this highs become the reference for all the stocks who drop with the index
Then look around March 2009 when the stock market rebounded and the major companies started to show strength
(Except the Financial Industry)
that was the beginning of a bull trend that still remains but for all it was not the same story
some have not been able to overcome those 2008 highs and others have already exceeded their 2008 highs
but in this case it was a short time ago (December 2017) who could overcome the highs of 2008
This fills the owners and employees of this company with optimism and this will be reflected in the price of the stock
Now look the chart and pay attention to the (red arrows)
Remember the concept, resistance becomes support (red arrows)
STLD Long IdeaSTLD, appears to be breaking higher out of the bull flag. With the entire sector moving higher like X, AKS, AA, CENX, I think this is a low risk play here. Should be good as long as we stay above the 50SMA.
STLD, set to run?STLD looks to be forming a bull flag with upside potential to $50. Trump is bullish on Steel stocks. Could we get a break out soon? I think so.
short stld again30 min indictors very bearish 35.63 support will break today MACD crossover 12:15 12:30
