It's nice to see the RSI leaving the oversold area for NASDAQ:JAKK and rising. The targets for this stock are in red back to the 12 day moving average and the 29 day moving average.
I see there is some volume interest showing up and a 232 reversal in progress using the STRAT.
Analysis and Opinion based on my chart setup:
I have added JAKK to my watchlist for its upside potential. It's not in a position for entry for me, based on how I use my chart setup. Since it is a Renko chart, time is irrelevant so it could be tomorrow or next month before it's a entry.
My chart Indicator Settings:
Renko chart style. I set mine at 26 to play the...
Jakks Pacific, Inc. is an American company that designs and markets toys and consumer products, with a range of products that feature numerous children's toy licenses.
Those investors may short their long soon. When their do, it will pullback. That's when I will go long on JAKK.
JAKK has very decent fundamentals. The whole industry seems to be doing okay, leaving JAKK lagging behind.
If we look at all earnings releases in the past 3 years, they work the same way:
1) if there's a strong prior move up, the stock crashes on earnings release (even if it beats expectations 6-20%)
2) If there's a strong prior move down, the stock rallies on...
JAKK is trying to put in what looks to be a breakout on the weekly chart of a downtrend going back to 2012. This stock is also heavily shorted, in excess of 40% of float (april 15th data). The combination of these two may push JAKK higher over the medium term. Initial target is 8.25 and secondary target is 9.50 level. Currently long and will look to add if...
Large short interest and stock is greatly undervalued. Trades at less than half the multiple of Peers Mattel and Hasbro. Has hottest toy of the year with licenses from Disney for mega hot Frozen toys. Reports earnings next Thursday and estimates are low setting them up for a monster beat. Analysts consensus PT is $10. With Mattel Losing its disney license to...
UPDATE: I like the MACD crossing and still going up. ADX is showing strong signs as well. Not a fan of Stoch being in overbought area though. Needs to close above first line of resistance. Caution is required here as earnings are close and I do not expect a strong earnings. Looking for a run into earnings which several other traders are as well. We could see some...
40% short interest 30+ days to cover, and several buy signals shaping up. Bullish MACD Cross, Stochastics, and breaking out of a steep downtrend. New 3 month closing highs after retaking both the 50 day and 200 day moving averages this week. Weekly PAR SAR just printed bullish as well. Would jump in or add on the break of $7.50. On a fundamental basis they...
Potentially working off oversold conditions. Nice bullish engulfing reversal candle. Like entry over 5.77 as this is an intermediate down trendline break. Scalp Monday play or may get long term swing through Christmas on this play. I may pick up some March 2014 leaps on this one with some common.
