The price is below the upper Bollinger BandBollinger Bands :
Middle Line (SMA): The price is slightly above the middle line, which indicates that the stock is maintaining a neutral or mildly bullish stance, with potential support around this level.
Candlestick Pattern :
Price Action: After a recent pullback, the stock appears to be attempting a recovery, closing near the upper end of the current range.
Potential Scenarios :
Bullish: If the price closes above the middle Bollinger Band (SMA) with increased volume, it could be a sign of strength, with the potential to retest the upper band (around $196).
Bearish: If the price moves below the middle band and breaches the lower Bollinger Band, it may signal further downside, especially if accompanied by higher volume.
Conclusion :
Near-term trend: The stock is in a consolidation phase after a strong uptrend. The sideways movement indicates indecision, with potential for either a breakout or further correction depending on external factors like market sentiment and earnings data.
DY trade ideas
DY | Good Time to Enter | BounceDycom Industries, Inc. provides specialty contracting services in the United States. The company offers program management and engineering services; plans and designs aerial, underground, and buried fiber optic, copper, and coaxial cable systems; and construction, maintenance, and installation services, such as placement and splicing of fiber, copper, and coaxial cables to telecommunications providers. It also provides tower construction, lines and antenna installation, foundation and equipment pad construction, and small cell site placement for wireless carriers, as well as equipment installation and material fabrication, and site testing services; and installs and maintains customer premise equipment, such as digital video recorders, set top boxes, and modems for cable system operators. In addition, the company offers construction and maintenance services for electric and gas utilities, and other customers; and underground facility locating services, such as locating telephone, cable television, power, water, sewer, and gas lines for various utility companies, including telecommunication providers. Dycom Industries, Inc. was incorporated in 1969 and is headquartered in Palm Beach Gardens, Florida.
DY - LONG - Bought into Dycom industries this morning on strength.
Note the RR - the stop is very very tight on this - because given current market conditions - there is every chance this is another bear market rally that will last a few days and then we plunge again!
The logic is simple - the stock was in an uptrend, broke out, retraced , is now going up again having bounced from an area of significance.
Certainly wont make you rich but will keep the account ticking over!
DYCOM INDUSTRIES Idea Hey traders, DYCOM INDUSTRIES is in a bullish configuration with high co-opted buy volume and hammer candle shape. By zooming in on the TIMEFRAME M1 we can see a dash with a low purchase volume that is ready to test. The highest of the bollinger and get to the top of the comfort zone to test it. It is highly plausible to breakout the price afterward the area to enter within a second and intrude on the last previous highest filling a bearish breakout gap. To either go directly to the top of the second comfort zone or to reach the top of the bullish channel with test.
Please LIKE & FOLLOW, thank you!
DY "High Handle" Setup I like to trade this type of setup. It's a high handle where instead of putting in a handle below the recent highs, the stock puts in the handle just above the recent highs. I traded a similar look in AMTX recently. DY had a successful breakout from a very similar look back in August. The chart shows demand pushing prices higher and ignoring typical levels of resistance. From a psychological perspective it is very bullish. Long
Dycom Triple Bullish Convergence/Earning inc!Good evening ladies and gents, this is a risky position to take as earnings are coming in 5 days. Despite earnings which I am personally not taking a position in this because of that reason alone, we are showing triple MacD Bullish Convergence as well as Triple RSI Bullish Convergence on the daily time scale. This asset has an overall good up trend, but bear markets can be gruesome for this asset which is exactly what we saw. You are showing a rounding bottom as well.
Entry targets and Exit Targets are depicted. Exit targets are anywhere in the pink range.
Join our Free Telegram Channel: t.me
We are a new community growing day by day in hopes to accomplish a trading premium group by December 1st of 2019.
Subscription options are $15 a week, $50 a month or $500 a year. These are extremely cheap options compared to most other premium groups! We give the best possible technical analysis with a touch of art work to it hence the name "ChArtWorks" ;). "We remove the hard work from your end and just give you the trade set ups."
50% off all Contracts for Military Veterans and Active Duty Service Members, just provide your DD214 or Military ID for proof of Status. Discharge Type is completely confidential and does not need to be shared. I am a Marine Vet myself and I will not share any information regarding Military status with anyone else.
DYCOM INDUSTRIES A LONG=====ENTRY LEVEL $45- PRICE TARGET $50====
EARNINGS CALL TRANSCRIPT
We continue to experience effects of a strong overall industry environment during the quarter with increased demand from four of our top five customers. Organic revenue excluding storm restoration services increased 11.1%. Our top five customers combined produce 78.6% of revenue increasing 12.7% organically. While all other customers increased 5.5% organically. Verizon was our largest customer at 23.2% of total revenue or $205 million. Verizon grew organically 39.1%. Revenue from AT&T was $183.3 million or 20.7% of revenue. AT&T was Dycom's second largest customer and grew 13.5% organically.
CenturyLink was our third largest customer at 15.7% of revenue or $138.7 million. CenturyLink grew 29% organically. Comcast was our fourth largest customer at $133.2 million or 15.1% of revenue. And finally revenue from Windstream was $34.7 million or 3.9% of revenue. Windstream was our fifth largest customer and grew 20.7% organically. Of note, this is the second consecutive quarter where all of our other customers in aggregate, excluding the top five customers have grown organically. We are encouraged with our fourth consecutive quarter of double-digit organic growth and have continued to extend our geographic reach and expand our program management network planning services.
COMPANY PROFILE
Dycom Industries, Inc. provides specialty contracting services throughout the United States. Its services include engineering, construction, maintenance and installation services to telecommunications providers, underground facility locating services to various utilities, including other construction and maintenance services to electric and gas utilities, and others. The company was founded in 1969 and is headquartered in Palm Beach Gardens, FL.
Short put in DYWas reading up some on Dycom before earnings and was tempted to trade pre-earnings and am I glad I waited for some opportunity. Sold a put at the 35 strike today for 1.30 and a bit further out in time (114 days) the longer dated trades I do are usually when I am more bullish and use it as opposed to selling 2 lots so that I can defend better, should I have to average down. This could turn into a wheel trade--where I get assigned the stock and then sell calls. I can still roll out in time if I get nervous due to DY falling out of bed but will still have to buy 100sh at $35. This has been my "goto" set up for years......until the market breaks anyways. Try to make money from a drop in price and increased volatility and then hopefully back into cash. Wish me luck
Dycom IndustriesNot taking this formation as a rising wedge due to the volume. Volume does not appear as if it is trending downwards. Also , rising wedge rarely exceeds 3 or 4 months long. Please do not trade this chart :> and as always , all kinds of TAs and FAs are welcomed in the comments . I would also like to point out that I am not confident with the measure for the breakout ( if it does indeed increase I will hold it for awhile :P) , and so I would prefer to trade within the formation at the moment. CHEERS !!!