Analyzing the options chain and the chart patterns of VRNT Verint Systems prior to the earnings report this week,
I would consider purchasing the 30usd strike price Puts with
an expiration date of 2024-5-17,
for a premium of approximately $1.65.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
With a great earnings momentum expected to continue backed by positive analyst expectations. Areas plotted to look out for, combined with daily and weekly moving averages to be used as S/R confluences.
Stocks that are forming bottoms right now are completing faster due to the improvement of their fundamentals in the current quarter.
For example, NASDAQ:VRNT is moving out of the extreme dump by HFTs and retail groups. This is a common pattern that indicates shifting sentiment in a bottom formation.
The candlesticks stairstep upward as Pro Traders get in...
VRNT has fallen below the 50 day EMA and is retesting it on low volume and weak volume-based indicators (CMF, MFI, etc); it is a classic short from here with the SPY possibly topping soon.
Hey my friends, VERINT SYSTEMS is in a bullish surge with large volumes of purchases but on TIMEFRAME Daily there are large volumes of sales. So great propability of rise to breakout the consolidation zone before a support to pass, to see how the buyers react on this one. A bullish gap that will close if buyers continue in their tracks. We can go to the top of the...
VRNT had been falling since for awhile but is now at a major support area (200 Weekly SMA and 100 Monthly SMA) and looks to be gaining support. Lots of room back to the 200 daily SMA and a gap above to fill.
During monthly and local inclined resistance levels' breakouts double bottom with approval have formed and very probable pennant is forming now.
Our recommendation is to buy.
Entry point 34.50 (enter the position only after the break out of top pennant's line)
Stop-loss 33.53 (-1tic 33.54pennant's low)
Take profit 40.00 (according to strong resistance...
