Very tight consolidation from prior earnings till now in anticipation of EOY earnings. Implied move this week is right over 5%. Might never be able to be played out due to earnings this Wednesday, but looks to be a decent earnings strangle as a good R:R play. 12/20 exps good for both plays as shown. Can wait for earnings outcome to play safer if possible. NYSE:CPB
CPB (Campbell Soup Co.) is trading around $37.08 today and the market cap stands around 11.167-BLN which renders it a very defensive bullish stock-trade idea.
CPB target is $38.50 for a 3.8% difference from latest quote $37.08. The duration for this trade idea is 1-6 weeks. An appropriate secondary target is $44 for an 18% difference from current quotes.
Hi! Everyone seems to be tired and exhausted of Campbell's Soup! Apparently canned foods are just not appreciated as much as they used to be, particularly when it comes out shaped like the can! So this is just a silly little short idea of mine, not to be taken too seriously. Ideally, I'm simply pointing out a potentially good setup here, and you can apply you're...
CPB after reaching ATH in July of 2016, Campbell retrace turned into greater woes as it plummeted into a 2 year bear market, slashing its value by more than 50% !!! . NYSE:CPB
A great BUY opportunity for a long term hold (2-3 years) is approaching. I see a Bull Div. using StochRSI and price action in this historical volume area. I think BIDS around the $31-$33...
CPB is approaching our first resistance at 36.74 (horizontal pullback resistance, 50% Fibonacci retracment, 100% Fiboancci extension) where a reversal could occur. Stochastic is also approaching resistance as well.
1. CPB is consolidating around the support area defined by the early June lows. Hasn't sold this low since 2012.
2. Dec 24th is large red candle.
3. Dec 26th and 27th are hammers.
4. Dec 26th and 27th are Harami patterns of Dec 24th.
5. Dec 28 is looking to close as a Harami cross pattern. Inverted hammer at worst.
6. MACD gap is wide.
7. RSI indicates oversold.
Trading Methodology:
1. An asymmetric bullish/bearish pennant is drawn using ascending and descending curved trend lines with a minimum of three price action touche points per line. The direction is determined by the previous trend.
2. The angle tool is applied from the earliest two trend touch points, beginning at the earliest touch point.
3. A trend-based...
This week: three candidates for directionals and one nondirectional premium selling play ... .
CPB:
Although timing could have been better to catch the absolute bottom in this, implied volatility rank and background implied volatility remain quite high in this underlying (61/35). Given price weakness coupled with high implied volatility rank, I would think that...
Campbell Soup Company (Campbell) is a food company, which manufactures and markets food products. The Company's segments include Americas Simple Meals and Beverages, and Global Biscuits and Snacks. The Americas Simple Meals and Beverages segment includes the retail and food service channel businesses. This segment includes the products, such as Campbell's condensed and ready-to-serve soups; Swanson broth and stocks; Prego pasta sauces; Pace Mexican sauces; Campbell's gravies, pasta, beans and dinner sauces; Plum food and snacks; V8 juices and beverages, and Campbell's tomato juice. The Global Biscuits and Snacks segment includes Pepperidge Farm cookies, crackers, bakery and frozen products, and Arnott's biscuits.
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CPB
