Key levels: Channel 7.59 - 9.52; then Channel 9.52 - 12.42
A chart I have been watching for potential in early 2019. We will see how this key level tests at 7.59 as possible support and bounce above... however below we are not interested for at least 2-4 months.
7.52 support holds ( 2 - 5 days)
mid channel tests around ~8.91 ( 2 - 3 days)
Here I put this trade idea in your desk: is a clear breakout always from the weekly perspective with the price closing above the resistance line and with a pullback in progress.
The price now is above 13.00 and is consolidating that this is a new level for it
I can say that in the past days when the Dow drops 1,175 points, this stock showed no weakness during...
This week, Stephens & Co (famous for Hillary Clinton's wildly-profitable cattle futures trade back in the 80s) initiated coverage on EZPW with a Sell and an $8 price target. Stock dropped nearly 10% on the day of the report and can't get off the floor.
Upcoming earnings report seems critical to the stock's performance as it needs to start translating strong...
EZPW's somewhat delayed (though not technically late) FY-end earnings report for the September quarter will be released after the close on Wednesday and the company will hold an 8:30 a.m. (market time) CC on Thursday morning. The "delay" likely involved restating financials for the sale of its Grupo Finmart division in mexico, which closed on the last day of the...
On this 1 hour Candle chart, EZPW can be seen to have pulled back to a ST support level.
I drop/close (your preference) below $10.60 would signal that a fakeout/breakout (your choice)
Earnings likely will be out around Election Day and actual results as well as guidance on the call regarding capital allocation and the pace of M&A could be a catalyst...
Of course, a breakout of this type simply puts the stock into a rectangular consolidation pattern, but in this case the sharp move this morning in a modestly lower market environment may reflect the closing of the company's sale of its Mexican payday lending operation for $50 million in up-front cash, deferred payments, and the refinancing of that units debt...
So far, the prior highs appear to be holding true to form and are providing support for EZPW.
Thus, the LT uptrend remains intact.
Since previously writing on this topic, I have sold ~15% of my position for "risk management" purposes.
Am I allowed to do that?
I am up 100% in this position based on fundies.
It's the largest position I've ever had.
Earnings come out after the close tomorrow with a call on Thursday a.m.
What would you do?