Golden crossed on 8 Dec22. However a stock could still be volatile for an average of 2-6 weeks after a Golden Cross has occurred before it began to trend more consistently. About 4 weeks post golden cross now, will this stock be ready to break above 117 soon?
Warning: Earnings is expected on 1st February, there is always risks to trade or hold positions...
EVR formed a bearish Head & Shoulders and 1st started to break the neckline on 20 Jan, however it began a strong shortly after that brought it back above to retest the declining 50day Moving Average. The death cross (50 day MA crossing below the 200 day MA) is now apparent, so are lower highs and lower lows. Last Friday's break of the neckline (again) was on very...
EVR is breaking out of a large base. Pullbacks have gotten shallow on a decrease in volume, and we now have a low-risk entry point to buy.
I got long this morning at 141.50 when the stock took out last week's highs, and my stop is at 133.45.
EVR is currently trading within 50 cents of my buy point.
Great company with great financials.
In their last SEC filling, they increased their holdings by 1,601%, one of the largest institutional increases this quarter.
I believe the upcoming Earning's report will pop their stock price.
1 target: $144.4
2 target: $169.5
Good upside potential with easily manageable stop loss.
For self-education use only. Not financial advice.
If you believe that 40-50% of businesses will close (forever) during 2021, then a company like Evercore will probably be crazy busy!! Retrace to $91-ish? Thoughts?
From Yahoo Finance - "....The Investment Banking segment offers advisory services on mergers, acquisitions, divestitures, leveraged buyouts, restructurings, shareholder activism and defense, and...
Waiting for confirmation of the breakout
Pass the monthly resistance @ $99.5 opens the road to 110 and 118 targets
This will take the stock to P/E 20-21 with overall good fundamentals and growth potential + 2.5% div
Good value/growth option - rare in the market nowadays
Waiting for break-out to enter long in this fundamentally strong stock
+ Lowest PE among peers, LT debt/equity, Cur.ratio and others are top vs. peers
+ Upward trend channel since Covid crash
+ Surging retailer investors fueling revenues and margins
- Negative divergence with rising wedge pattern
- Overbought market environment
Any additional thoughts?
For...
This stock chart work well for explain how is my judgment at the moment of pick a stock:
Part 1
Judge the trend (Red Arrows) from 2012-12-24 to 2014-03-31
For this I used the (weighted moving averages Red 36 Blue 54 Green 74)
I use a triple moving average but I dot not follow signals like a triple crossover
I interpret the moving averages based in qualities...
