Estee reports tomorrow morning and is likely to beat easily, but it is also likely that some profit taking will ensue, which could provide a very good entry level for a stock we previously missed out on.
The Estée Lauder Companies, Inc. engages in the manufacture of skin care, makeup, fragrance and hair care products. It sells products...
estee lauder breaking out from a major range. long term hold. volatility is at an extreme due earnings. selling put spreads seems lowest risk. if youve got the
caps selling a cash secured put would reduce cost basis for entering a position. :)
EL has been in an overall uptrend with today's price breaking above resistance @ 145.86. Retest around the resistance turned support was the plan, and placed a buy limit order that got triggered. I have been observing this stock for a long - time and the analysis still supports the long - term buy. Been taking profits( partly due to indiscipline); From the chart,...
Price seems to be trading just above the 9ema, with the 142.63 level broken twice but did not close above suggesting that buyers are probing the area above. Possibility of a higher low sequence developing before strong move up to test T/P level (potential breakout). Keeping S/L wide, considering developments on the trade front.
Analyzing the last 5 quarterly reports, we concluded that a possible gap of 8.73% - 11.86 pip on 08/20/2018 after release of the report.
In the last 4 reports they had positive results in the stock of 6.31% average only the one of May / 2018 that fell 8.53%, we hope that this gap has exactly the opposite effect.
EL BUY WEEKLY 8.73% 11.86 pip TP 147.75 SL 128.76
Despite having volatility on US Index (SPX or DJI) - which shown at the Orange Box. This stock seems having a strong support at the 20EMA.
On top of that, according to the trend line that drawn on the chart, the recently drip seems breaking the trend line and fall stay above 50EMA. By right, for those who holding this stock, you should either hit with your TP, or...