Normally I'd be suspicious of an uptrend as long-term as the one that SMG has been in, but back on June 5 it revised its guidance upward, which should help sustain the uptrend. I expect a breakout above resistance sometime soon.
With the July contracts, a 90/95 bull call spread can be placed for a debit of 3.97. This places our break-even at 93.97 on the July 20th expiry. The max profit of $102 per contract occurs above the upper strike of the sold call at 95.
We are bullish on both the technicals and fundamentals of SMG. The multinational corporation, known for its consumer fertilizers...
This looks like a good summer trade, with a textbook target around 105.00 due to the pattern I picked up; but some analyst's are placing it a little lower at around 95.00 from TA signals alone. See the following from Stockinvest.US :
"Scotts Miracle-Gro Company (The) lies in the middle of a weak rising trend in the short term and a further rise within the trend...
Once this hits 82.45ish (which can happen in 1-2 trading days), this will be off to races. Prices marked. I am bullish and opened few calls yesterday.
gl fellas
Scotts miracle gro is a very safe means of joining the Cannabis revolution through supply of manufacturing products for the growth of the cannabis plant. SMG has had a forgettable 6 months but in our opinion the correction has finished and its now safe to enter into a impulse move up. All indicators have turned positive and we have price alert set for a break...
An eerie reminder of how wrong I was about $TSLA back before the surge. Nonetheless, I've come to find more than a few tickers that get (seemingly) stuck in a strong down-trend. I had $CHKP on watch a little over a week ago once I saw the crab-legged type breakout over the 180WMA after being in the choppy, downward trend it's been since last year. Nonetheless,...
SMG has recently broken down from monthly trendlines. We will wait for it to recover to volume node and then enter a short position, risking off the 78% fib retracement, which is unlikely to occur. Do not enter position until signs of weakness or target is reached.
Technical Concept: Support broken becomes Resistance (Red Arrows= Resistance) (Blue Arrows= Support)
I not use sophisticated Technical jargon in an attempt to persuade and impress the reader because I not a Charlatan
I do not use fancy Charts plenty of Indicators, Oscillators, and other stuff, all in a stock chart in an attempt to impress
the reader with my...
Trading above 99$ should initiate up-momentum and cause a dynamic Breakout. Imo we don`t will cross this resistance with the first attempt, because the RSI is already hot. TP could be 116
I've been long a few weeks already but looking to add on more if it can hold above $100. Like this as a (tangential) pot legalization play as well.
Playing this as a breakout, but if you squint your eyes, kind of looks like an inverted head & shoulders pattern.
2% dividend / 25x earnings. Not super cheap, but nice growth, margins, ROE, etc. As I said, I'm long...
