AZEK trade ideas
AZEK baseNYSE:AZEK strong up trend and couple breakouts and the end of the year, from IBD Market Smith, nice retracement to a support area, might be a good entry with a SL of 6% and 20% target for a swing trade.
$AZEK #ShortStroke strategyNYSE:AZEK Bill O'Neill short stroke strategy practise. Looking bulish. www.investors.com
This is a buy opportunity in AZEK. This company appear in my bottom fishing radar. The recent earning news push the price very low. A bounce back is expected as both 1 hr and 4 hours chart show possible bounce back. Good luck
AZEK Daily Bear TrapNYSE:AZEK completed a bear trap today after prices recovered quickly back over the support line and 200 EMA .
It also showed MACD histogram divergence when the new price low made on Jun 17 had a much higher low on the histogram than the price low on May 17.
$AZEK Nice Breakout with UpgradesI took a position in this on 4/7 on confirmed breakout from down trend and added again today. Upgrades on 4/8 from Barclay's to overweight PT $55 and Loop Capital initiates coverage with Buy rating and $52 PT.
From earningswhispers.com:
Feb 11, 2021
The Azek Company Inc Cl A (AZEK) reported 1st Quarter December 2020 earnings of $0.14 per share on revenue of $212.3 million. The consensus earnings estimate was $0.10 per share on revenue of $210.9 million. The Earnings Whisper number was $0.16 per share.
The company said it expects fiscal 2021 revenue of $1.025 billion to $1.06 billion. The company's previous guidance was revenue of $989.2 million to $1.025 billion and the current consensus revenue estimate is $1.02 billion for the year ending September 30, 2021.
$AZEK Possible Early IPO Entry$AZEK is a a fairly new IPO. As you can see on my chart I've pointed out the IPO base and a couple breakouts that ended up shaking a lot of people out.I missed my entry on this yesterday on the short term trend line breakout. I do however, like the follow thru today so I've added a position. You can see my entry and very tight stop. It either proves itself to me as a winner or I'm out quickly. Ideas, not investing / trading advice.
AZEK reported earnings and beat consensus estimates but missed the earnings whisper number. They also guided higher on revenue.
From Earnings Whisper:
The Azek Company Inc Cl A (AZEK) reported 1st Quarter December 2020 earnings of $0.14 per share on revenue of $212.3 million. The consensus earnings estimate was $0.10 per share on revenue of $210.9 million. The Earnings Whisper number was $0.16 per share.
The company said it expects fiscal 2021 revenue of $1.025 billion to $1.06 billion. The company's previous guidance was revenue of $989.2 million to $1.025 billion and the current consensus revenue estimate is $1.02 billion for the year ending September 30, 2021.
$AZEKEntry price : 45.84
Fundamentals :
- Sector: Building
- EPS % Chg (Last Qtr): 178%
- EPS % Chg (Previous Qtr): -4189%
- 3 Year EPS Growth Rate: 26%
- EPS Est % Chg (Current Yr): 31%
- Sales % Chg (Last Qtr): 28%
- Sales % Chg (Previous Qtr): 23%
- 3-Year Sales Growth Rate: 16%
- Annual Pre -Tax Margin: 14.6%
AZEK earnings tomorrow 7am, straddle ideaAZEK earnings are tomorrow at 7am. I just got a $35straddle12/18 because there's very little chart history as it's a 2020 ipo. I did buy some shares and sell them a week later in June. But besides that, I have no other experience trading AZEK. I know plenty about AZEK exterior boards and decking for the house. I am bullish in sentiment and AZEK popped after it's August 13th earnings. Nevertheless, I'm playing it safe and picked up a $35straddle12/18 for $3.65 ($365) with 20 market minutes left till tomorrow 7am earnings. Do your own due diligence, your risk is 100% your responsibility. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Small incremental steps work : If you double a penny for a month it = $5,368,709. Good luck and happy trading friends...
*3x lucky 7s of trading 101*
7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue & Earnings
Debt / Cash
Book value, assets
7 Common mistakes:
+5% portfolio trades, risk management
Beware of analysts motives
Emotions & Opinions
FOMO : bad timing
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors
7 Important tools:
Trading View app!, Brokerage UI
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big organized desk
Reading books, playing chess
Sorted watch-list
Checkout my indicators:
Fibonacci VIP - volume
Fibonacci MA7 - price
pi RSI - trend momentum
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