Analyzing the options chain and the chart patterns of SMAR Smartsheet prior to the earnings report this week,
I would consider purchasing the 55usd strike price Calls with
an expiration date of 2024-7-19,
for a premium of approximately $1.55.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Smartsheet (NYSE: NYSE:SMAR ) had its price target lifted by BMO Capital Markets from $50.00 to $52.00 in a research report report published on Friday morning, MarketBeat.com reports. The brokerage currently has an outperform rating on the stock.
Several other equities research analysts have also recently weighed in on SMAR. KeyCorp upped their target price on...
Technical analysis
200sma & 100sma are now working as our support. This is specially important as they just recently reported earnings (check fundamental analysis below).
There is also a Fibonacci confluence setting support at $43.
Risk-reward-ratio ---> 3.5:1
Entry ---> $44.5
Profit-exit ---> $54
Stop-loss ---> $41.89
Next...
Technical analysis
SMA:
For the past 4 days, SMAR rallied of the 50sma with above average volume.
It took out its short-term resistance at the 200sma, and is currently crossing 100sma today (nov.20.2019).
RSI @67 on an uptrend
OBV is higher than early june when stock price was also $45, indicating accumulation (Bull).
**The healthcare is also...
