IvanLabrie
Short

DF: Go short ahead of earnings

NYSE:DF   DEAN FOODS COMPANY
DF             has a very compelling chart, and ample downside to be seen when bears show more conviction.
I expect a sharp drop once earnings are out by May 10th, so, you could go short preemtively, with a wide stop, or perhaps using an options strategy of your liking to benefit from an expected price decline (and/or an increase in implied volatility ahead of earnings ).
The target is based on time at mode, and it would be confirmed if we move sharply down initially, but I can't predict the exact threshold to confirm it yet. The entry now, if shorting stock would be at market, and measuring size using 3 times the daily ATR.

If interested in my trading signals, or in personal tuition, contact me privately. I'm offering a considerable discount on a packaged course which includes access to my private trading signals list for a year.

Cheers,

Ivan Labrie.
Trade active: Holding shorts into earnings.
Trade closed manually: I forgot to update this one, had gotten out on May 3.
I was looking at this chart, and then saw you wrote, short. Was trying for the life of me to figure out why it's a short. Usually I get 90% of your charts, and then can say, OK, this is a clear long or short, this one had me scratching my head.
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IvanLabrie PRO HermanBrummer
After 2 days it was invalidated.
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