In a report issued on September 13, Lee Krowl from B.Riley FBR maintained a Buy rating on Cars.com, Inc., with a price target of $18. The company’s shares closed last Monday at $10.94, close to its 52-week low of $8.23. Krowl said: “We believe the good initial uptake of the DI product across CARS’ existing customer base since the acquisition in 2018, coupled with...
CARS.COM potential gap closure at $19-20
CARS has volume and its good negative earnings play. Good for a trade, the Daily chart as you can see is extremely weak, it has gone below the all time lows of around 18. Its currently trading at around 12 and has a decent premarket volume, based on the daily chart I would like to go Short on it once it gives a pullback opportunity to get an entry. The overall...
Despite posting a loss in the quarter the stock has traded very well today on what has been a difficult session. They main loss was attributed to a decline in dealerships but the company is very upbeat about the drastically improved brand awareness. We think there is a good case for taking a long position above $22.50 Cars.com Inc. (CARS) on Friday reported a...
NYSE:CARS Short Below Yesterday's low of 25.70 or below declining daily VWAP, whichever makes more sense depending on the price action.
It currently looks like CARS is going to continue its positive momentum. Stochastic shows the security is extremely oversold and continues to achieve higher prices thanks to the trend indicated by the Aroon indicator signalling a continuing trend. Profit target is set for as close to $27 as possible, but if the tides turn, I'll still be in a position to close the...
NYSE:CARS is showing a lot of strength. If it tests the resistance, pulls back and goes back up, just like drawn on the chart, then buy as a swing trade above 25.50, with a stop at 24.90; however, if the stock gaps up at the open or breaks through the resistance without any pullback, then I wouldn't chase it. Please like and comment if you like my ideas. THANK...
Watching for a move a little lower to 25.5 or so for a possible entry. Thoughts...? youtu.be