Analyzing the options chain and the chart patterns of MEI Methode Electronics prior to the earnings report this week, I would consider purchasing the 30usd strike price Puts with an expiration date of 2024-1-19, for a premium of approximately $1.82. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Looking...
A slight up channel on MEI Weekly chart. A downward trend can be drawn also that I expect a strong bounce off towards the top of the channel.
a dubya for the win? MACD is as flat as a pancake. (That’s good) ATR is downward facing. (That’s good) Stochastic is a not saying anything of importance Earnings are in two days. I am going to heed advice from someone and watch this one as if I grabbed commons tomorrow.
It's either on corrective Wave (4) or it's on impulsive Wave 3 of (5). If it is impulsive, look for higher highs.
Ascending triangle on descending volume Price stopped at 37.25$ resistance Came back down to 30.59$ support. May bounce on support and point North again. PPS above 50MA 200MA pointing up RSI at 50 ATR in upward motion Very similar setup as 2019 Could see 39,83$ if it bounces back from support.
Entry level $ 37.89 = Target price $41.26 = Stop loss $ 36.58 Very bullish setup as earnings approach. Indicators are in a bullish mode having reversed. Above $39 is a very congested price zone so advances may be slow. P/E ratio 14.72 very reasonable. Company profile Methode Electronics, Inc. engages in the manufacture of component and subsystem devices. It...
=====PRICE TARGET $37.50==== ENTRY LEVEL ON BREAK OF RESISTANCE @ $32.20 EARNINGS HIGHLIGHTS Shares of Methode Electronics Inc. (NYSE:MEI) were up more than 13% on Thursday after the company released its first-quarter 2020 results before the opening bell. The company beat analyst expectations for both earnings per share and revenue. Methode Electronics posted a...
In continuation of several days of falling action from double tap resistance at in June 2015 and December 2017 ; oscillators down; selling volume way up.
I believe that MEI is headed for resistance and headed south for a little.