Analyzing the options chain and the chart patterns of SMPL The Simply Good Foods Company prior to the earnings report this week,
I would consider purchasing the 35usd strike price Puts with
an expiration date of 2024-4-19,
for a premium of approximately $1.90.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking at the SMPL The Simply Good Foods Company options chain ahead of earnings , I would buy the $40 strike price Calls with
2023-4-21 expiration date for about
$1.50 premium.
If the options turn out to be profitable Before the earnings release, i would sell at least 50%.
Looking forward to read your opinion about it.
Similar formations are within the rectangles
I expect a pattern repeat as shown with the bars pattern.
This angle allows continuation of the channel, while providing some familiarity.
Daily timeframe.
I would call it a W formation.
The Simply Good Foods Company hasn't moved too much today but is slightly up, only up 0.97% since yesterday. It looks like SMPL may be interacting with a slightly angled support line. This area could represent a pivot point that it moves up from. In addition to being near an angled support line SMPL is near a decent horizontal support line. It may find support at...
SMPLSMPL (The Simply Good Foods Company) is Bull to at least ~40.
There is a strong uptrend and the On Balance Volume and the RSI have both reach the lower limit of volatility.
There is now enough pressure to provoke a Mean Reversion and then continuation of the upwards trend.
A stop loss of 35 is low enough to not be exited by volatility.
Most often than not, the best breakouts happen after the stock inflicts maximum amount of trader damage before it makes its move. $SMPL is probably ready to head higher this week after punishing position traders, intraday BO traders, & 21 EMA swing traders. Annotations on chart.
The Simply Good Foods Company
The Simply Good Foods Company product portfolio consists primarily of nutrition bars, ready-to-drink shakes, snacks and confectionery products marketed under the Atkins(R), SimplyProtein(R), Atkins Endulge(R) and Atkins Harvest Trail brand names. The Simply Good Foods Company is based in Denver, United...
This is another example of a stock with a great pattern but fails to meet my criteria trichotomy: beta >1; dividend yield < 2%; and market cap > $ 15B. You might make several moon landings but the stars don't always align! Trust your strategy!
The PEADrift model has so far been fairly accurate with price coming in right around the average.
This model gives us a good idea of the possible range the stock might trade in over the next year - an extremely useful tool when trying to select entry points for investments.
Even with storied brands such as Atkins, there is always a high risk with diet-based...
Hey my friends, SIMPLY GOOD FOODS COMPANY is in a bullish momentum with a leggy doji and an executed buy volume return. On the TIMEFRAME M1 we notice a doji with a large volume of sales made, it started to rebound on the VWAP to start again on the top of the range to test it there is a great chance of breaking out the price and then the zone and get to the last...
