Sell and go short $2.7, perfect junk
Eddie needs to make a move or to delistment it goes ´´´´´´´´´´´´´´´´´´´...
Looking pretty beaten up... one more rally before the sell off?
Just like many of the Texas Shale oil companies during the oil downturn with massive debt, Sears is what we're calling "Walking Dead" of the retail industry. The recent rally of price has likely come from many of the shorts closing their positions at large profits, and the huge drop has come from professional and retail traders alike identifying an opportunity to...
If you're going to play anything next week premium selling wise, it's going to be in earnings, because that's all that's really out there volatility-wise. The VIX remains persistently low here, and running a screen for exchange-traded funds with >70% implied volatility rank, and >35% implied volatility yields absolutely nothing. Here's what showed up on my radar...
$SHLD Appears to be in the beginning of Elliott Wave 4 retracement. Both RSI and MACD loooking bullish on the daily chart. A cross above $8 by 2/10/17 is not unlikely.
Greatest Stock Market Calls Ever Sear Holdings Collapse Sears Holdings named the Next Bernie Madoff Previous FREE live stock chart maintaining short positions all the way down to single digits
Today appears to be a OWS at a similar support level. SHLD has been known to channel. Buy low, sell high.. I do think 'long term' this stock is a rock in water.. but potentially a bounce could come in. Be aggressive and fast with it, because if SHLD doesn't move bullish quickly (similar to the last time it moved off of this price) it probably won't work well...
World's Best Trader Upgrades Sears Holdings to STRONG BUY after calling a bottom LIVE long term at $10.8 FREE LIVE STOCK CHARTS
I'm bearish on the company long term, but why not try and snag 1-2 R from a move. I like the volume spike coming in and I would like a move above the 100 SMA. Normally, I would want a close above $14.97, but, I like the look on the weekly - seems pressure is building.
As of today, Sears Holdings Corporation has a book value of -$18.45. Kindly notice the negative sign, given the fact that liabilities > assets. In addition, it has annualized losses per share of -$10.7 and it is expected to have Q1 results of -$3.21 EPS. Based only on these fundamental metrics, a valuation of $16.81 per share is totally unsustainable in the short...
If SHLD opens below 36.01 consider using the Retest Gap strategy
SHLD expected to open at 44.00 for a Gap N Go. Watch out for low volume. To learn to trade this strategy for free go to www.RealLifeTrading.com