GPC is a dividend aristocrat (One of the few stocks that has increased it's dividend for at least 25 years) It is in a fairly oversold state right now having just paid out it's most recent dividend. (2.15% annual yield)
The other way to play it would be to sell a naked Put or a Put spread at around $160 but the RR ratio is not good. As it stands - the RR is...
The PEAD projected a Bullish outlook for $GPC after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 75%.
Notes:
* Very strong up trend on all time frames
* Great earnings in the recent quarters
* Coming up on the right side of its ~7 month base with higher than average volume
* Creating an ascending triangle pattern (bullish)
* Printed a pocket pivot
Technicals:
Sector: Consumer Cyclical - Specialty Retail
Relative Strength vs. Sector: 1.23
Relative Strength vs....
Huge pattern. I could barely fit this on the page! Earnings tomorrow BMO!!!
GPC was cruising a long and was caught in a bearish rising wedge..seems to have recovered from the fall from the RW and formed a double bottom in the mean time.
Trading earnings can be risky so be safe..lots sell before earnings. Brave folks buy if they think the stock will beat. ...
Hello guys, GENUINE PARTS CO is in a bearish fake movement with a large buying volume and an upside down candle. In the TIMEFRAME M1 we see a marubozu with a small explosion of sales volume executed it goes to its last low point. Which is located below the base of the bolinger to do a reversal re-test bollinger levels. And move towards the top of the equilibrium...
GPC appears set to open around 84 this morning, testing the lower long-term sideways channel. Certainly worth a nibble at this level with a high dividend that appears to be sustainable.
What is the market signaling though with the high dividend? Going to buy some this morning for the dividend
you cant sugar coat these earnings. but man o man. if youre worried about trump enacting tarriffs on eurozone. this is a great hedge.
they have good exposure to auto sector (main target) within france, germany and uk. this quarters earnings pointed out the eurozone slowdown related to eurozones reliance on chinese supply chain demand. i think theres a 3-4x...
Will this triangle expand or flip before Tuesday morning? This considered as a dangerous point for the people who got in before the number that could be a bad sign but, let’s see how everyone react to the report. On the lower time frames ie your 15,30, 60, and so on. It doesn’t appear that we have a pivotal points to make supports but, on a wider range when we can...
The resistance level that was just broken into is also a psychological level of significance due to the fact that the price at this level is $100. This number usually hold some importance on many stocks. This stock has proven to hold this price level as an area of significance. DG (Dollar General) was also in a similar position not too long ago.
