Although the technical rating is bad, ANGI does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 8.23, a stop order could be placed below this zone.
Early in today's session a trader bought 4,630 ANGI Feb 20-22.5 call spreads for $0.40. This is a bullish trade that represents volume nearly 3 times the average daily option volume in ANGI. The stock is also trading above the Ichimoku Cloud indicating it is in bullish territory. We believe that this order flow is strong enough to justify a long in ANGI.
ALGO. On Angie's List, Inc. I am getting the chart into the stream so we can discuss later. Sincerely, Beauty
randomness is both your friend and foe - master and control your inner urge
1. Really symmetrical mini reversal pattern in the green box w/mini break. 2. Double exhaustion spikes on the fisher. 3. Divergence on the trix. 4. And a gap to fill. Happy Holidays !
Multiple confluence levels. Just broke out Stock has room to 30-31$
Angie's List, Inc. (ANGI) has not added any value to its user experience since going public and it boasts a market cap of $670 million. Angie's Gross margins might look fantastic at 80%-plus, but with no explanation as to what really constitutes cost of sales. Angie's List has not posted a profit since founded in 1995 and last year lost $49 million. A recent law...