Analyzing the options chain and the chart patterns of GWRE Guidewire Software prior to the earnings report this week, I would consider purchasing the 75usd strike price Puts with an expiration date of 2023-10-20, for a premium of approximately $0.82. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Looking...
GWRE Guidewire software. YTD 12.73% Target price of $124 Rsi showing stock has been overbought. Sat at a resistance level. Last two earnings release price increased up to the day where it was then sold off. Looks like this is happening again.
GWRE is a possible earnings play. It has good insider selling. on the technical side it seems a double top as well as a H&S formation. We think it has good downside potential with the earnings. * Trade Criteria * Date First Found- November 27, 2017 Pattern/Why- Possible Earnings play, Potential H&S formation Entry Target Criteria- January $80 Puts,...