Looks like possible end of 5 days downtrend here, at 10.71 INternet retailer, car parts. Can bounce and reverse, watching closely. Average Buy rating by analysts; Global Internet Traffic at carparts.com hits another All-Time high.
Price action has moved mostly sideways since settling down post earnings. Seems to be following the diagonally price fork over the channel. Original Price channel is now highlight by orange and red lines. Currently the price cannot get through the orange line as it moves sideways Sideways consolidation is still bullish, as time is what will take the PA to...
A familiar pattern is repeating itself. After a bit of (expected) volatility it appears PRTS is once again forming a Bull Flag. Earnings were positive. MA's on the hourly are crossing over and pointing up. Volume Profile on the shorter term chart is again building it's base at the upper range of the bull flag. These are all patterns we have seen before. The...
So PRTS survived through earnings. .03 EPS which was better than expected but overall margins and EBITA were all positive. I didn't play it correctly but I like to trade recognizable patterns and thought the day go go a bunch of different ways. Earning date itself saw a huge spike as high as $16.44 which helped define the top of the price channel. It was sold...
The air is quickly getting let out of the bag now. Point of Control on the volume profile for the long term chart clear shows this has room to run lower. RSI support line is VERY broken, now I expect a reset to lower. Earnings SHOULD be positive but the question remains on if and how the company is faring. It's certainly not the only online car part retailer...
PRTS has a filing with the SEC for a shelf offering of new shares worth 200 million. Given that their market cap currently sits at 568 million this is a dilution of over 1/3. Interesting is the timing of this announcement given earnings is a few days away. Typically on a great earnings call a company may mention a new share release in the earnings call. Given...
PRTS has been having a crazy run over the last 12 months. Might have been on a bit of a pause before hopefully another run especially as it is still sitting below $10 a share. Worth a watch. U.S. Auto Parts Network, Inc. engages in the provision of automotive aftermarket parts. The firm's flagship websites include www.autopartswarehouse.com, www.carparts.com,...
Another big week for PRTS. The PA seems to have made a jump to the higher price fork and is leaving the main part of the channel its been in since March. There have been have few times the price left this channel, above it in early June, and below it in late June. Although note during that period how it obeyed the fork the entire time. It pushed above on big...
Currently the stock is in no mans' land in the middle of its price channel. For those of you not using the volume profile for your trading here's a good example of what you can see. Firstly on the hourly chart above we can see that the Point Of Control (Horizontal Red Line) was at $12.47 while the stock consolidated in the Bull pennant from last week. Point of...
PRTS exploded again today as expected on big volume. Currently 12pm EST and there is almost the full volume from total yesterday. Price reached above the channel and now looks to be finding support at the top of the channel here. Would not be surpirsed if today's close ends up under the top channel line I've sold most of my position, a bit too soon but cost...
A bull flag inside a bull flag. PRTS rebounded nicely off the low of Friday. Looks to be breaking out again. Should make a trip up to the top of the channel Tuesday or Wednesday this week. I sold some 12.50 Covered calls today for added premium
Share price sold off on Friday morning, recovered to positive territory before closing lower at the bell. The market in general sold tech pretty heavy on Thurs/Fri. Somewhat concerning is the close below the price fork (White line) That is the first time since the uptrend started we have EVER seen a retracement below the current level of the trading fork since...
As expected there is another Bull pennant forming for PRTS. Price has touched the bottom & top of the pennant now 3 times to the top and 2 times to the bottom. Note the the white line of the current level of the trading fork held as support. The main channel is clearly defined with the Green & Red lines and is still in play. I expect some more sideways action...
Buying dips and holding long-term even in big reversals ...
US Auto Parts Network (PRTS, $11.18) was one of top quarterly gainers, jumping +408.18% to $11.18 per share. Tickeron A.I.dvisor analyzed 24 stocks in the Internet Retail Industry over the last three months, and discovered that 24 of them (100%) charted an Uptrend while none of them (0%) trended down. Tickeron A.I.dvisor found 336 similar cases when PRTS's price...
Another day, another breakout on good volume for PRTS. A member of our trading community on Slack who trades price forks helped me plot this out. Lines on the fork are a bit approximate. I was trying to chart out the escape for the main upward channel and came across this idea. The main channel is still the Red/Green line and we touched the top today and then...
Now havea cup & handle formed on the hourly chart BUT the support on the Bull pennant is holding for now. On the daily chart which I personally place more significance it still looks like a Bull flag/pennant. RSI support line on the daily chart is still in play as well. Yesterdays decline was on far below average volume.