Analyzing the options chain and the chart patterns of GIII Apparel Group prior to the earnings report this week, I would consider purchasing the 17.50usd strike price Puts with an expiration date of 2023-12-15, for a premium of approximately $1.05. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Looking...
GIII can be seen to be forming this large triangle structure with its strong up trend and upper resistance This will likely result in a double bottom and a breakout above the structure which I have tried to show with bars pattern tool.
Looks like the BVPS line is giving solid support and good points of entry for over 10 years!
GIII seems forming a flag formation. Moneyflow crossed to the positive side. Interesting insider info- CEO as been a long time seller of his stock but has recently bought a bunch which is the first purchase since 2011. We think it will continue its flag formation & can go up to $36 area. * Trade Criteria * Date First Found- June 7, 2017 Pattern/Why- Flag...