Analyzing the options chain and the chart patterns of BURL Burlington Stores prior to the earnings report this week, I would consider purchasing the 180usd strike price Calls with an expiration date of 2023-9-1, for a premium of approximately $5.90. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Looking...
Analyzing the options chain of BURL Burlington Stores prior to the earnings report this week, I would consider purchasing the 175usd strike price Calls with an expiration date of 2023-6-9, for a premium of approximately $7.05. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Looking forward to read your...
BURLington coat factory is overbought and overextended here. We can see max of $225 on this leg, but doubtful. If currently short ADD $205, $215, $225, otherwise one could start a position here $161 target in coming weeks. We are still in a bear market people! Rallies are to be SOLD not bought! New moon phases began which suggests selling pressure for stocks,...
Burlington (BURL) found support on the monthly cloud. With just 3 trading days left in the month, there's little chance the candle will pierce the cloud. Monthly Stoch RSI highly suggests this is a major bottom. Monthly Fibonacci also validates the potential bottom. Not financial advice.
After formming a pennat pattern above its moving averages, today made the breakout with good volume. The detail is that it didn't close at the high but still, I think its a confirmed breakout. Because the stock its very volatile, I got in with half my position. I'll wait until the price breaks above the $7.26 resistance to buy the rest. At first my price target...
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Long track record of increasing revenue but not positioned for the economy we are heading into. Here are some reasons why: 1) No online presence. Discontinued online store last year. Speculating here but I imagine it would be hard to manage the inventory of an online store based on the wide variety of items they have which are constantly changing. 1a) Lost...
Near all time high. Retesting support after dipping below. Daily MACD overbought. Puts loaded but looking for it to break below the small megaphone pattern to celebrate.
BURL broken down from a long term rising wedge, retested the support line & falling down again. We think it has good downside potential. However we are looking for 2 entry potential, first if it pull back to $89.73 or break down $84.33 * Trade Criteria * Date First Found- July 25, 2017 Pattern/Why- Rising wedge breakdown short Entry Target Criteria- Rallies...