Analyzing the options chain and the chart patterns of SJM The J. M. Smucker Company prior to the earnings report this week,
I would consider purchasing the 140usd strike price in the money Calls with
an expiration date of 2023-9-15,
for a premium of approximately $4.60.
If these options prove to be profitable prior to the earnings release, I would sell at least...
The PEAD projected a Bullish outlook for $SJM after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 66.67%.
The PEAD projected a Neutral outlook for $SJM after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 75%.
The PEAD projected a Neutral outlook for $SJM after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 71.43%.
Short (Entry Price) below the black line and exit (Stop Loss) above the red line. Can take profit at the suggested Target Price.
Entry Price: $132.62
Target Price: $130.46
Stop Loss: $136.22
It looks like a cup with a handle. Whether there was a "handle" or there will still be a subjective question, but if the current week holds the level / the next Monday will be green, we can generally expect growth.
In general, the height can be the height of the cup (should be). But the size of the handle is not bad either
A; local favorite around here .. the JM SMUCKER company is paying a nice 3.0% yield on their div and has also formed a cup and handle pattern on the daily and looks like it's about to take off to break ATHs soon It had trouble breaking $135 last week, but it didn't crash like the rest of the market After reporting earnings on the 23rd and beating expectations in...
SJM is predictably about to begin an assent towards an ATH. You can see for yourself. Also, SJM beat analyst forecasts, so they will be making adjustments in rapid succession. I would venture to say, we are at a low right now, the likes of which we probably won't see again for quite a time to come. It's value. Bullish.
Long SJM
Activation of the transaction only when the blue zone is fixed/broken.
The idea is to working out the support and resistance levels of the consolidation triangle.
*Possible closing of a trade before reaching the take/stop zone.
The "forecast" tool is used for more noticeable display of % (for the place of the usual % scale) of the price change, I do...
I am very bullish $SJM. However, (mid day as of today), it's pretty weak price action. I'd like to test the best entries depending on varying systems. What is $SJM's personality?
Long term my target is still 138 by February 2021. We'll see.
Here's my original analysis.
Just look at this chart!
If you wanted to get an absolute filthy fill, you'd wait for that touch or break (wave E) to just below 112 then LOAD THE BOAT with Apr 130 calls (currently at $2.60, but you can get them for cheaper)
I see some volume on the 110 12/18 Puts that were bought earlier this month (when price was 117). I def think we're heading down then...
