DDS trade ideas
looking at a full recovery prior to Christmas and electionsthere are currently no major gaps below the current price!!
1-2 week correction be ready to buyRetrace to 22.50 area while reality sets in. A return to normalcy around early July
07 RepeatIf resistance is not broken soon expect a 2007 chart pattern
TA interpretation, not investment advice*
Dillards Inc set to go sideways.DDS is headed for the little, red box.
This is a key consolidation level. The previous quick selloff stopped here, so prices will likely return. Also, there are many trap options due to expire in the box.
It will probably do a couple of small hops before reaching the target.
Dillard's remains strong in terrible market. Dividend increase.
Very reasonable p/e ratio of 13.49
Very high short interest of 51% could be a contrarian bullish signal.
Dillard's, Inc. engages in the retail of fashion apparel, cosmetics, and home furnishings. It operates through the Retail Operations and Construction segments. The Retail Operations segment comprises sells cosmetics, ladies' apparel, ladies' accessories and lingerie, juniors' and children's apparel, men's apparel and accessories, shoes, and home and furniture products. The Construction segment constructs and remodels stores through CDI Contractors, LLC. The company was founded by William T. Dillard in 1938 and is headquartered in Little Rock, AR.
cup and handle on DDSHere is what I believe is happening.
DDS is in a cup and handle pattern, with the initial handle under formation.
1. Its currently short term over sold, but now quiet there. the recent bullish surge was very strong and reason to drop down further seems to get harder.
2. Initial Handle formation is in the process. It may be up to 30% of the cup and take support between 79.00 - 78.00.
3. if the volume is strong and blows through the 2002 RSR trend line and keeps up with the momentum, the price may reach to the next level to around 90 - 92.
- cheers
Scorp
DDS Detected possible stock repurchase!!!DDS: dillards
2018-03-01 16:16:16
Detected possible stock repurchase
high jump of price, form strong support in bottom
now: 54.53
buy: 54.33
stop profit: 56.48
stop loss: 53.52
DSS Short Debt Put SpreadDillards has been strong the last few days, but I look for it to fall back to 47. Buying the 42.5 Put and selling the 50.0 Put. May 19th expiration and with earnings May 11th I will manage this with that in mind.
DDS: Buy out of the money callsI like this stock, to take an options trade ahead of earnings. A pop to $66 would be a significant profit, buying the March 17th, 70 strike calls here.
Risk is low, just buy enough to spend 0.5-1% of your capital on the premium.
Good luck,
Ivan Labrie.
DDS - Greenlight to 30% gainsDillards DDS found support on multi year lows about 5 times in the last 8 months depending on how one wants to measure it. Greenlight Capital disclosed in its latest investment letter that Einhorn is bullish on Dillards and has built a position. On the option front, 1,250 May 55 puts appear to have been sold on January 11th around $5.20.
We target $73, while that seems far away, DDS last touched the level in early December.
Dillard's, Inc. (NYSE:DDS) Shares Discounted BigtimeToday shares of retailer Dillard's, Inc. (NYSE:DDS) are getting smacked down to the tune of 7%, as the company reported earnings which did not meet analysts expectations. Dillard's, Inc. (NYSE:DDS) has been a stellar performer this year, as it shares were up as high as 28% year to date. How things have changed.
So with this massive drop in the stock, I look at the chart for the best opportunities to go long for a bounce, where profits can be made. I have located two levels that can be played on the long side and could potentially provide traders with some nice, quick cash! The two levels which need to be on your chart for Dillard's, Inc. (NYSE:DDS) are $102 and then around the $98 level. Even if these levels are not tagged today, keep them on the radar as they will still be valid for next week, and will still give traders the opportunity to make money.
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