Pricesmart Inc. Q3 Earnings Report: Analyst Predictions and Outlook
Introduction:
Pricesmart Inc., a leading warehouse club operator, is set to release its Q3 earnings report on July 10th. This article provides an informative overview of analyst predictions and expectations for Pricesmart's earnings, including earnings per share (EPS) and sales figures for the...
PSMT has formed this nice higher low double bottom.
I do expect a move upwards within this channel breaking some strong resistance.
From here price can increase rapidly.
Similar areas in circles
Following the circles price saw sharp rise
I pose that this rise will occur again which is what I have tried to shown on chart
Price is still within a large channel and as long it is its bullish
Bars pattern in green shows the move
PriceSmart is more for passive investor who love to collect dividend.
At current tension and rate hike environment, they increase they dividend payout.
From chart, we can see a breakout based on weekly candle.
$75 is a good inflex price level. (Support/Resistance)
Taking a chance on a continued run higher here. This is breaking to new all time highs. Everyone in the trade is making money. I don't expect this to be a barn burner. But, I'm looking for small incremental moves higher, All TBD. Ideas, not investing / trading advice.
Complete nonsense for myself. But guess though as the divergence created a bottom and start of new trend. Would expect it to work back to a more neutral reading and smaller bounce with another reset before next leg back to top of green range box and hopefully over. Personal guess for BS purposes.
TODAYS UPGRADE
PriceSmart upgraded to Outperform from Sector Perform at Scotiabank. Scotiabank analyst Rodrigo Echagaray upgraded PriceSmart to Outperform from Sector Perform and lowered its price target to $82 from $86.
Read more at: The Fly
AVERAGE ANALYSTS PRICE TARGET $78.67
AVERAGE ANALYSTS RECOMMENDATION OVERWEIGHT
P/E RATIO ...
Hello Successful Traders,
The stock (PSMT) will be releasing Q2Es today (April 9th). Considering the prevalent breakout towards the downside (be cautious), there could a further push (trend continuation). Acknowledge that while fundamentals are a viable approach to entering and exiting the market, it is still an immense risk (so utilize a viable risk management...
Huge decline followed by contraction, and now seems breaking down. Money-flow is very negative. We think it will go down to 70 area. Break of 80.33 will be entry confirmation.
