Veritiv Corp. operates as a business-to-business distributor of print, publishing, packaging, facility solutions, print and publishing products and services. The firm provides logistics and supply chain management solutions to its customers. It operates through the following segments: Print, Publishing, Packaging and Facility Solutions. The Print segment sells and...
$VRTV tightening up a bit in its 6 months base that goes back to November of last year. Clear relative strength vs general market.
Veritiv is a strong company fundamentally, and one of the biggest employers in the Atlanta 3PL market. It is often overlooked that Atlanta has the busiest port (airport) in the world. Overall undervalued versus growth and tech market, at about 13 p/e. VRTV was powered from Covid lows by strong earnings, (9 consecutive quarters of beating expectations)and share...
Power earnings gap from March 2021 earnings smash started 8 month impulse Wave 1. ABC correction move down to 0.5 retracement level, respecting 100ma for a bounce before heading down to 200ma. Play bounce off of .5 levels and 200ma at $85.70 with tight stop, and see if wave 2 begins. Wave 2 Target 7 months, $228. If it fails, next fib at blue box.
A quick follow up on $VRTV since our last highlight two weeks ago. With $VRTV currently trading at $66.47, a +32.55% increment since the Ascending Triangle chart pattern breakout, $VRTV have now crossed $1 Billion USD market capitalization for the first time, trading at its all time high level in the stock market. $VRTV is currently exhibiting a two weeks...
Contextual immersion trading strategy idea. Veritiv Corporation operates as a business-to-business provider of value-added packaging products and services, as well as facility solutions, print, and publishing products and services in the United States, Canada, Mexico, and internationally. The demand for shares of the company looks higher than the supply. This...
$VRTV broke out of its 11 weeks consolidated Ascending Triangle chart pattern, rallying over +23.38% (+$11.84) in just 3 days to close at $62.17. It was also announced that the company have added $50 million to its buyback program, expanding the share re-purchase to $100 million mark. With it currently trading at its 52 weeks high, it is worth to highlight that...
There is a general strong uptrend, there is a level and a squeeze to it. In order for the price to go above the level, you must first buy out all limit sell orders. The entry point can be both on the level retest and immediately on the impulse. Depends on your strategy. The first step is to look for an entry point on the impulse, and if it is not there, then wait...
RSI overbought --> 76 pullback is expected entry price around 42, lower then current price for assurance stop loss 45 take profit: 34 and 28
Trading Methodology: 1. An asymmetric bullish/bearish pennant is drawn using ascending and descending curved trend lines with a minimum of three price action touche points per line. The direction is determined by the previous trend. 2. The angle tool is applied from the earliest two trend touch points, beginning at the earliest touch point. 3. A trend-based...
Gainz, Gainz and more Gainz this has the chance to make it a nice week of gains! uptrend pattern only for a limited time!