As you can see we have broken weekly resistance with a significant breakout gap, we will wait for a correction and then we will want to join the trend, the idea is to wait for the interest rate decision to know where we are headed
Booz Allen Hamilton (NYSE: NYSE:BAH ), the renowned Defense IT company and a key player in the realm of government technology services, is making headlines after delivering quarterly earnings that far exceeded expectations. The company's robust performance has not only propelled its stock up by an impressive 13% but has also fueled optimism among investors,...
Fundamentals:
Increasing earnings and growing sales on a q/q bases.
Return on equity is about 58%. So, for each $1 of shareholders' equity it has, the company made $0.58 in profit.
On October 4, 2023, the company received a contract from US Space Force to support systems engineering and integration of next generation space-based missile warning, environmental...
Following a recent pullback, the daily chart indicates the price rebounding from an oversold territory. This could signify a renewed buying momentum, presenting a favorable entry for a long position.
Bear Rally Set Up:
I've had BAH on my watchlist since the swing low it made on January the 20th. So I set an alert at 96.84 which was around the area of where it closed on January 9th. I wanted to see if this would run back up with lower or equal volume to test at least the 20-day again. With yesterday's candle and it trading below yesterday's low, it triggered...
The PEAD projected a bullish outlook for $BAH after a negative under reaction following its earnings release placing the stock in drift D with an expected accuracy of 66.67%.
Notes:
* Strong up trend on the higher time frames
* Great earnings track record
* Broke out of a ~21 month long base
* Higher than average weekly volume and coming off from its 10 week line
* Also breaking out of a smaller consolidation of ~12 weeks
* Gaped up a couple of days ago and is now coiling
* Broke historical resistance around the $97 area
Technicals:...
The PEAD projected a Bullish outlook for $BAH after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 100%.
We have a buy pattern alert on this name at a reference price of $95.66, yesterday's close. This may be best played using a slightly out of the money call option. Perhaps the Sept. 16th expiration in order to give this pattern a bit more time to develop. For a confirmation, we will wait and enter on the first trading day when it is clear that the close will be...
This is a stock that is steady and not volatile as a rule.
I have owned it on several occasions and have owned it again until I wimped out on Friday.
And everything looks great, still.
BAH does not usually live up here, but things do change.
BAH is very close to it's all time high.
The stock looks great, the pattern does not.
This looks like a Deep Crab that...
Buying opportunity
Why?
1. Relative strength to the markets SPY/QQQ and XLY
2. Higher Time frame alignment / Weekly chart is ok
3. Moving averages : 20/50/200 MA are pointing higher near and under the price
Price > 20Ma > 50Ma > 200Ma
4. Chart pattern breakout forming near the minor support area - Cup with handle/W with handle
Entry : 93.55
Stop : 90.25
Target...
The PEAD projected a Bullish outlook for $BAH after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 100%.
➡️Pattern recognized:
Running flat
➡️Hypothesis:
Bullish
➡️Catalyst:
Earnings in 27 days
➡️Conclusion:
Buy to open calls as an earnings play.
***This does not constitute financial advice.***
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So I spotted BAH a couple months back in a scan. It was a strictly technical play. I've been keeping an eye on it and today I pulled up the (D) and noticed that earnings is in May. I spy an inverted head & shoulders. Do you see it too? I'm sensing it's gonna soar upwards 90. May not be a perfect straight line up, but up it will go. What are you thinking?
With recent cyber security hacks plaguing the US online infrastructure, a company like $BAH will have no problem meeting expectation. Given this bullish tailwind, I went looking for a pattern formation I could trade on. I opened up an old favorite book The Encyclopedia of Charts and looked up the parameters of a Cup and Handle (a tradition favorite). What I read...
We got a new high breaking out of the March range. Likewise we have exceeded the MA. This gives me hope to retrace this year's decline in the next few days.
