Sold ATM puts and purchased shares around 20-21$. Looking for a confirmed double bottom in the 18's and a gap up on earnings to the 200ma. Purchased 17$ puts 10/4 expiration for substantial downside protection, 1:1.5. Way oversold for the amount of current free cash flow generation.
Backtesting results came back at 96% profitable on SFIX. We are currently getting a buy signal, so check out SFIX and don't miss out on these profits!
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SFIX Stitch Fix is one of my faves, and I am a customer as well. if you haven't tried it yet, I would definitely advise. Very nice service. Anyway, technically speaking I am looking for a repeat of history from the last time the 125 MA support was lost. Then it retraced back up to flirt with it as resistance until meeting its short term downtrend resistance...
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Ahead of earnings, SFIX got an upgrade from the analytics firm Stifel, which cited SFIX's history of strong earnings and its attractive valuation. That appears to have driven a breakout above the stock's downward trend line today. Trend line breaks are usually bullish, and can lead to big gains like the PG&E trend line break I identified the other day. Others are...
Stitch Fix plummeted today, but it's getting some late-day buying volume at this support node near 27.
We could see a rebound tomorrow, forming something of a bullish bat pattern.
Stitch Fix is at support from a high-volume node on the volume profile and from its 50-day moving average. It also has some RSI support around 38.
The stock just got some big analyst upgrades from Zacks and Goldman, which could serve as upside catalysts. The Internet retail sector is currently outperforming the S&P 500. S&P Capital IQ rates Stitch Fix as...
If the China news is good or neutral, they're probably gonna pump the crap out of stocks next week on the shortened week.
I wouldn't buy and hold this turd, but it looks like it's got an inverted H&S or bull flag going and it went parabolic last summer, so July 26 calls.
Fed meeting is July 30/31. I expect them to hold of on the rate cut causing a huge drop. ...
Stitch Fix appears to be in the process of breaking out above the top of the triangle it's been forming since it gapped up after its recent stellar earnings report. Look for confirmation above 29.36 resistance level.
As a result of impressive earnings, shares of NASDAQ:SFIX shares were up 26% in premarket, it could not be sustained and it sold off losing 50% of its gains by the close. Unfortunatley for SFIX sentiment regarding consumer spending is poor, tariff, supply chain issues and the fact that the economy worldwide is slowing down are all concerns for investors. From a...
TL;DR: This idea more based on the events that lead up the price action than any fundamental or technical analysis.
The reason for all the decline was a few things, a primary one being that AMZN was entering the same space as $SFIX (competition all around, it's a competitive marketplace). There was also concerns about growth continuing given the competition and...
SFIX has an interesting daily chart, currently it has gaped up above all its major moving daily averages. Looking at the 5 min chart, you can see that its making lower highs and is showing weakness, but it has got a lot of support to got through, so I am more inclined to take it for a long if it starts showing strength and gets above its vwap and 20 ema. I would...
SFIX earnings, gapped up last time so you figure shorts will cover before earnings.
Set up nicely with a hammer for a one or two day play. Planning on cashing out before earnings, maybe keep a few calls for kicks and giggles.
I don't see the spike in the same magnitude as the previous ramp but this could run further based on the previous ramps! I've been trading it on the dips and have had this in the portfolio since it's 18s to the ride to 50.
It's an interesting stock for me.
