Analyzing the options chain and the chart patterns of MTN Vail Resorts prior to the earnings report this week,
I would consider purchasing the 240usd strike price Puts with
an expiration date of 2023-10-20,
for a premium of approximately $9.05.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking...
AT A GLANCE
Simplistic Analysis: sell wave to the floor.
Trade Type: sell and wait for a close.
Research Depth: technical glance only.
Earnings Anticipations: null surprises for EPS & Revenues.
Earnings confidence on a scale of 0-5: 1
It's been another busy season for Vail Resorts.
If you like to ski or snowboard, you probably hit the mountain this winter.
And Vail probably profited.
This company reports earnings on Monday after the bell.
MTN held the trendline again. MACD doesnt look too good but that can be changed with 2 more bullish candles. Good time to enter with a stop loss under the trendline.
The PEAD projected a slight bearish outlook for $MTN after a negative under reaction following earnings release placing the stock in Drift D
If you would like to see the Drift for another stock please message us. Also click on the Like Button if this was useful and follow us or join us.
- MNT feels overbought to be back to it's pre-COVID highs with ski season questionable as to whether it'll happen
- Ascending wedge into strong resistance with double top forming
Vale Resorts has slowly but surly climbed higher despite the obvious issues.
Currently hitting the 2 year downtrend while supported from a perfect
rising trendline, which will break first.
Alerts are set for a break either direction.
RSI in a strong uptrend and volume increasing.
Vail was able to tumble down the slope in a fraction of time compared to its 2 year slide during the Financial crisis that erased 66% of its equity value. I expect the following run out of Vail Resorts: Some chatter and a uphill trek for MTN's stock price in the short-term, but with the 2019-2020 season cancelled, and the 2020-2021 guidance being cut back most...
I like the chart here, $MTN has some nice upside potential, both from a technical and valuation stand point.
As long as prices don't slide below $216, we can expect a 10 week rally from here, reaching prices as high as $295 possibly.
Best of luck,
Ivan Labrie.
This may be a little risky but we think it has a good risk reward with strong support below from channel, trend line and 100ma. Sentiment is quite mixed in the name and analysts quite split with upgrades and downgrades of estimates recently but we are bias to upside potential.
AVERAGE ANALYSTS PRICE TARGET $241
AVERAGE ANALYSTS RECOMMENDATION OVERWEIGHT...
