The stock has traded within a very narrow range for 9 weeks.
Neutral view:
This alone supports the idea of initiating a straddle with a 6 months view (August) with strike 205
BUY BURL August205 C & BURL August205 P
and close the trade when the stock reaches above 240 or below 160
Long view
As shown by the CCI 21w, the outlook is bullish.
The CCI could...
Ticker and Sector: This indicates the company and the sector it operates in. Sector performance can give insights into broader economic trends.
Earnings Release (ER) Date: The date on which companies report their earnings is critical for timing the analysis.
Beat/Miss Percentage: This represents the percentage of times a company's reported earnings have beaten...
Analyzing the options chain and the chart patterns of BURL Burlington Stores prior to the earnings report this week,
I would consider purchasing the 180usd strike price Calls with
an expiration date of 2023-9-1,
for a premium of approximately $5.90.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking...
BLR appears to have created a bottom after a long downward channel. Sellers seem to have run out of ammo after a distribution phase and a downtrend that lasted more than 100 days. This bottom formation also coincides with a very important support level on HTF. A possible target is the 190 $ gap area, this would take the price almost at the top of the multi-year...
Analyzing the options chain of BURL Burlington Stores prior to the earnings report this week,
I would consider purchasing the 175usd strike price Calls with
an expiration date of 2023-6-9,
for a premium of approximately $7.05.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your...
The PEAD projected a Bullish outlook for $BURL after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 81.82%.
BURLington coat factory is overbought and overextended here. We can see max of $225 on this leg, but doubtful. If currently short ADD $205, $215, $225, otherwise one could start a position here $161 target in coming weeks. We are still in a bear market people! Rallies are to be SOLD not bought! New moon phases began which suggests selling pressure for stocks,...
Burlington (BURL) found support on the monthly cloud. With just 3 trading days left in the month, there's little chance the candle will pierce the cloud. Monthly Stoch RSI highly suggests this is a major bottom. Monthly Fibonacci also validates the potential bottom.
Not financial advice.
The PEAD projected a Bearish outlook for $BURL after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 50%.
Hey people, BURLINGTON STORES is in a fake bearish setup with high sell volume issued and an upside down hammer candle shape. In the TIMEFRAME M1 we can see a marubozu with a volume return, it starts from its lowest on the bollinger to move towards the bottom of the bearish channel and test the VWAP. Big possibility of breakout the price at the same time with the...
Long track record of increasing revenue but not positioned for the economy we are heading into. Here are some reasons why:
1) No online presence. Discontinued online store last year. Speculating here but I imagine it would be hard to manage the inventory of an online store based on the wide variety of items they have which are constantly changing.
1a) Lost...
