This stock melts up and corrects every earnings. Expecting the same here similar to CADE earnings.
Of course they can have blow out earnings this quarter and I could be wrong like I was with JBL a while ago, but I'm into some $85 puts.
Earnings are always a crap shoot so small position, target is $80 as shown.
Buy and sell opportunity: wait for a bullish and bearish reversal in buy and sell zones respectively.
Trend analysis:
Monthly - up
Weekly - side
Daily - side
Hourly - down (correction)
Long-term opportunity: buy
Short-term opportunity: sell
XYL sector – industrial goods
The stock jumed as a result of news about Jorge Gomez who's been elected to company’s board of Directors.
jorge is highly experienced in managing money and extensive international business experience,
and it seems that members of the board have high hopes for the development of the company.
Following it for a long play above 80...
The price is on the trend line, I try to catch the trend. Stop Loss is positioned between the closest low, it would invalidate the assumption of following the trend.
Take Profit is manual, objective is risk to reward ratio of 3
XYL seems breaking down underneath Resistance, and seems forming a flag formation. Downward volume is increasing & moneyflow is going down as well. We think if it can break below $46.63 it can go all the way down to $40 area.
* Trade Criteria *
Date first found-February 9, 2017
Pattern/Why- Resistance breakdown, Inverted flag formation
Entry Target...
XYL looks very suitable short opportunity as it has lots of weakness. It has moneyflow divergence & insider selling.
It also breaking down from a long upward channel.
We think it will decline to 46 & lower, and we are considering $50 January puts, last traded for $2.55
You can check our detailed analysis on XYL in the trading room/ Executive summary link...
XYL- Breaking down from Strong upward channel. Money-flow turning negative. it can drop all the way down to 32
For ideal entry would be around 44-45 if it can adjust in next day or two.
We are considering Oct16- 40 put; last trading price $0.54
In a strong up trend however it's forming a bullish momentum divergence in the daily chart which suggests momentum is slowing. Buy on a pullback to demand zone. The demand zone highlighted here in yellow also coincides with former resistance on the weekly chart.
Entry: $39.47
Stop Loss: $38.93
Target 1: $43
Xylem Inc (XYL) is a provider of pumps and pumping equipment for water and wastewater applications. The company’s stock is currently trading around $38.35 in a 52 week range of $23.61-$38.50. The stock has performed well over the past year with shares rallying nearly 36% over the past 12 months. The stock made a new all-time high today and is up nearly 1% on the...
