Bear Rally Set Up:
I've had BAH on my watchlist since the swing low it made on January the 20th. So I set an alert at 96.84 which was around the area of where it closed on January 9th. I wanted to see if this would run back up with lower or equal volume to test at least the 20-day again. With yesterday's candle and it trading below yesterday's low, it triggered...
* Strong up trend on the higher time frames
* Great earnings track record
* Broke out of a ~21 month long base
* Higher than average weekly volume and coming off from its 10 week line
* Also breaking out of a smaller consolidation of ~12 weeks
* Gaped up a couple of days ago and is now coiling
* Broke historical resistance around the $97 area
We have a buy pattern alert on this name at a reference price of $95.66, yesterday's close. This may be best played using a slightly out of the money call option. Perhaps the Sept. 16th expiration in order to give this pattern a bit more time to develop. For a confirmation, we will wait and enter on the first trading day when it is clear that the close will be...
This is a stock that is steady and not volatile as a rule.
I have owned it on several occasions and have owned it again until I wimped out on Friday.
And everything looks great, still.
BAH does not usually live up here, but things do change.
BAH is very close to it's all time high.
The stock looks great, the pattern does not.
This looks like a Deep Crab that...
1. Relative strength to the markets SPY/QQQ and XLY
2. Higher Time frame alignment / Weekly chart is ok
3. Moving averages : 20/50/200 MA are pointing higher near and under the price
Price > 20Ma > 50Ma > 200Ma
4. Chart pattern breakout forming near the minor support area - Cup with handle/W with handle
Entry : 93.55
Stop : 90.25
Earnings in 27 days
Buy to open calls as an earnings play.
***This does not constitute financial advice.***
If you like what you see why not support us?
So I spotted BAH a couple months back in a scan. It was a strictly technical play. I've been keeping an eye on it and today I pulled up the (D) and noticed that earnings is in May. I spy an inverted head & shoulders. Do you see it too? I'm sensing it's gonna soar upwards 90. May not be a perfect straight line up, but up it will go. What are you thinking?
With recent cyber security hacks plaguing the US online infrastructure, a company like $BAH will have no problem meeting expectation. Given this bullish tailwind, I went looking for a pattern formation I could trade on. I opened up an old favorite book The Encyclopedia of Charts and looked up the parameters of a Cup and Handle (a tradition favorite). What I read...
Booz Allen Hamilton Holding Corporation provides management and technology consulting, analytics, engineering, digital, mission operations, and cyber solutions to governments, corporations, and not-for-profit organizations in the United States and internationally.
Here is a company with positive margins , lots of free cash flow and I think that although we did...
BAH has broadening trendlines, also called a megaphone pattern.
Fell out of megaphone trendline, which can be a negative situation. BAH fell through bottom bollinger band set on 80 as well. Usually if a security breeches the top or bottom trendline of the bands, it moves back inside the bands.
Megaphone patterns can break up or down, and this one looked like...