Analyzing the options chain and the chart patterns of SCHL Scholastic Corporation prior to the earnings report this week,
I would consider purchasing the 40usd strike price Calls with
an expiration date of 2023-12-15,
for a premium of approximately $3.10.
If these options prove to be profitable prior to the earnings release, I would sell at least half of...
Things to keep in mind:
I've highlighted a few historic values that most analysts have in their notes.
Scholastic Corporation reports their earnings Thursday AMC: I anticipate the market will sell their surprise.
The bandwidth is already "squeezing out" and could continue below the trendline.
The PEAD projected a Neutral outlook for $SCHL after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 100%.
With the recent double bottom plus the dragonfly doji signal on the 8/25 candle, we are positioned well for a bump to our target of $28.00. This is also playing out within the larger Cypher Pattern which also confirms a bullish pattern /trend. Learn more about Dragonfly Doji candle
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Fundamentally, I think SCHL should be taking a beating like the hotel and airline stocks.(dropping like 50-75%)
What is SCHL?
Scholastic Corporation is an American multinational publishing, education and media company known for publishing, selling, and distributing books and educational materials for schools, teachers, parents, and children. Products are...
Fundamental Score 34
It had been in an ascending channel for a long time but recently has been having difficulties producing higher highs. Our last was its first lower high. Its sitting on weak support currently as most things are.
This will be a good one to short as well.
Bearish divergence. And the Stoch is turning over and crossing at the mid point.
