Could breakout and continue momentum. It's above fib but below last high. Also on Yahoo Finance's most shorted screener. Friend entered at 126 with knockout option TT5P2Y. I bought the stock cash due to tax laws.
$IRBT forming base consolidation ready to break out long way swing .
$IRBT made a big mover adn it pulled back in is getting very tight, eyign 155-160 calls layered april may w an add over 130 level
Stockonomy Weekly Pick 02.22.2021 $IRBT saw price run-up as high as $197 a few weeks ago on strong volume. Price has since consolidated and restarted it's uptrend. Buying this first dip could be a good entry.
We had our last cup and handle on the month chart and the continuation of the rise was stopped by COVID. Now we are in our second cup and handle. This handle is huge. I believe that this stock can finally see new ground....unless robot vacuums are unfriendly to the environment...haha :) We are going to continue up for a bit but watch for a pullback.
So I love the company "IROBOT" symbol IRBT. They have incredible Revenues and Profits. They have the coolest toys to clean your home and more. On this post with so many earnings they have only missed -----7----- times. Holly crap why does the chart look like a damn roller coaster at Six Flags then? Most all of those misses were not in the past 10 years. For one...
Entry price : 112.92 Fundamentals : - Sector: Consumer - Household appliances - EPS % Chg (Last Qtr): 164% - EPS % Chg (Previous Qtr): 728% - 3 Year EPS Growth Rate: 20% - EPS Est % Chg (Current Yr): 0% - Sales % Chg (Last Qtr): 43% - Sales % Chg (Previous Qtr): 8% - 3-Year Sales Growth Rate: 15% - Annual Pre -Tax Margin: 10.6%
Lower volume, consolidation break to fib .382 at 145 levels. By the rumor, sell the news.
Let me know what you think.
iRobot Volume: down with more than 70% RSI: Divergence Short Float: Around 40% Repetition of the cycles in 3 years: 10 to 13 Short Zone 1: Probability 65% Short Zone 2: Probability 75% (do your home work)
Please see chart for details of the potential trade and targets. Thank you for taking the time to check it out and if you have time please drop a like or comment. Happy trading.