Trupanion $TRUP setting up for higher prices! Trupanion NASDAQ:TRUP 28% of the float is short with 14.2 days to cover! It's setting up to break out! Above $55.64 and it could be off to the races! Keep it on the radar!
TRUP trade ideas
New Setup: TRUPTRUP: I have a green setup signal(dot Indictor). It has a good risk-to-reward ratio(RR:). I'm looking to enter long near the close of the day if the stock can manage to CLOSE above the last candle highs(white line). If triggered, I will then place a stop-loss below(SL) and a price target above it(TP).
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Note: The above setups will remain valid until the stock CLOSES BELOW my set stop-loss level.
Tr🐕panion SEATTLE, Feb. 28, 2024 (GLOBE NEWSWIRE) -- Trupanion, Inc. (Nasdaq: TRUP) announced today that Margi Tooth, President, will present at the Raymond James 2024 Institutional Investors Conference on Wednesday, March 6, 2024, at 9:50 a.m. ET and will participate in meetings with investors throughout the day.
The presentation will be webcast live and can be accessed on Trupanion’s Investor Relations website at investors.trupanion.com.
Trupanion - Possible Upside Break with EarningsCompany Info:
Trupanion provides monthly subscription based medical insurance plan for cats and dogs.
In the last earnings report, it had the largest EPS upside in the past 5 years.
Earnings is this Thursday after market close.
Technical:
It is trading around this 19.50 to 35 range for the last 9-10 months.
Break above with strong earnings surprise, particularly from the revenue side can propel it past 35. Good pre-market volume would be a nice catalyst too.
Initial target from break would be around 48.
Additional Info:
- Price/Sales is only 1.2 (looks very low in this market)
- Fascinating that around 41% of the float is short and short volume ratio is 0.51.
There is potential for a massive short squeeze.
Trup is a great company long termThis is a great company that I intend to buy and hold for a long time period, 10+ years, now is not the time to buy it. Why? The trend is stage 3 bearish downtrend. The stock is putting in new lows. I will wait until all technical indicators are aligned before I enter a position. In the meantime, I'm setting cash aside to buy this stock when it starts putting in a bottom of support.
It is beginning to reach a previous support zone at $49 that has been a past support and resistance point. I'm going to watch for the MCAD to crossover to show buyers are coming in along with watching the Strat for a bullish signal. We have the beginning of consolidation possibly signaling with the RSI in the oversold area. I want to see the 5, 10, and 20 day ema crossover.
There are many trapped in the $53 range and once we enter the trade we can easily move back to the 200 day ema of $72.
Earnings is coming Nov. 3 so the stock may move quickly bearish if bad earnings or bullish for good earnings.
As far as recession, people still take care of their pets during recessions so this stock should hold the test of time. Not investment advice do your own diligence.
TRUP ready for uptrendNASDAQ:TRUP
TRUP is sitting on support with a triple bottom on daily one year chart
with prior support on prior earnings. Uptrend potential to the
asymmetrical head and shoulders formed after the earnings
last Fall.
The current share price $ 71 with potential to $125 in the reversal,].
TRUP - is a short term buyStatus: bearish trends
- both price and 50 MA are below the 200 day MA
- there is strong support at $72 - I do not think we get there under a normal market environment
Short term bull case:
- the 7 day EMA crossed over the 27 day EMA and has stayed there for a few days
- there is a missed pivot at approx. $104 - from current levels that would be a 9% return
On any weakness I will take a long half- position and target the missed pivot
Hope this helps
Going long on TRUPTRUP is at a major supply zone (line on chart). We also have a doji candle showing us that there will be a shift in the stocks sentiment to bullish.
$TRUP Trupanion Downtrend Breakout$TRUP Trupanion
Breakout today above $80 resistance and above the 21d ema line on strong volume. Ideal entry here is a successful retest of $80 as support...an intraday dip below $80 is possible...as long as it doesn't close below $80...which would negate this setup. Note: ER coming first week of May.
Near term target: $90-$95 range by early May
Note: This is NOT investment advice. Educational only.
Nobody Knows About This Company...Yet! 40x Market Share Opp??One of the most fascinating things, to me, to come out of this pandemic, was how quickly the country rushed to adopt pets. Several friends of mine, upon facing quarantine, immediately went out to their local shelters to try and adopt puppies and kittens. I slowly began to realize that this wasn't just an aspect of my friend group, but part of a larger trend among the American populace. Animal shelters and the SPCA have reported skyrocketing adoption rates, and the trends for adopting and caring for pets, long term, have never been better.
This discovery brought me to one of the best investments I've made recently, which was in TRUP, or "Trupanion". I'd now like to to share the idea with all of you.
Trupanion is an insurance company that sells insurance for pets and animals. While some might look at the word "insurance" and go "ugh, why would I care about such a stagnant / boring industry", I would encourage you to take a look at TRUP's income statement. The year over year sales growth numbers are incredible, and steady. The increase in owners getting pet insurance has been rising quickly, and I would argue that caring for pets is also a secular millennial growth trend, not unlike shopping at whole foods or buying lululemon workout clothes. Caring for our pets seems to be part of our (the millennial generation's) ethos. The company is also structurally profitable, which is something that other quickly growing companies cannot say.
And, if the relative obscurity and quick revenue growth of this stock don't have you excited yet, take a guess at the percentage of pets in the United States that have insurance. Ready? It's 1%. That means that this company's total addressable market, even assuming they are able to eventually take a 20% market share, is more than 40x current revenues. That kind of structural profitability, speed of growth, and huge market opportunity don't come around very often, and present a massive potential windfall for keen investors.
Alright, so the company has been around for a while, and you could have said this at any point over the last 2 years. In that time, the stock has mostly traded sideways. Why now? Why won't it continue to go sideways? In short, because of the pandemic. A spike in pet adoption and ownership will invariably lead to higher demand for pet insurance, and higher usage will lead to higher mainstream consciousness of the product, which is a positive flywheel. This was a huge catalyst for the stock which 'awakened the giant' so to speak, and it wouldn't surprise me to see further and accelerating investment in this name. Additionally, now that the FED motioned that it will keep interest rates low for years into the future, growth companies will be back in favor even more strongly. So many positives to owning this company right now.
From a technical perspective, this company finally broke out of a consolidation, and there is massive potential and room to run. The pandemic sparked a move in the stock that broke it out of a multi year range, and now that it's moving you would be amiss if you didn't consider climbing aboard the train. I'm looking at further upside towards ~120, which, from a fundamental perspective, looks to be the top end of estimates when it comes to valuing pets NPV to the company.
I like it, and at the very least you owe yourself a look at this opportunity.
#Swing #tradeIdea Long over 53. Tight stops. High R/R SetupWith markets retracing watch for a good Dip buy entry tmr!
Retest and consolidation - Long $TRUPPrevious breakout now consolidating above support. This retest should reach back to ~40, with further upside to ~43 and beyond. Stop: ~35.20
Starting positionMoved up through resistance last week(now Support). will add more on confirmed retest
