Not playing this one since I don't know crap about semi manufacturing but this certainly looks like it wants to head down.
No position, just showing a plot, gonna keep an eye on this.
It is no certainty but expectations are high for JBL heading into earnings not only on they results but on the outlook which could move the stock and indeed other stocks with a more optimistic briefing than many expect.
From a technical perspective we think that the stock has corrected and ready to move higher as signalled by the strong RSI, MACD and Histogram....
An intraday high potential, Back Tested Sort Analysis.
We ll try to enter into the correction of the uptrend movement.
DETAILS ON THE CHART
NOTE: Entry range area above the entry point, is calculated upon 80% of the recorded pullback back tested past performances
DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money on.
$JBL has been fairly rangebound for the better part of the last year. We tagged the lower support line yesterday and have begun to turn back up.
Adding to the bullish sentiment, we also saw $3.5M worth of leap call options traded yesterday - with about 6k $27 strike Jan'21 contracts purchased.
Targeting a move back to $30 by early November.
Note: Informational...
Strong earnings beat, created new 52 week high, consolidating nicely, and showed strength during recent tech sell off ... looks ready for another leg higher. PT $36
Never can be too sure where the correction may end but the 38.3 might be as good a place as any......if correct, there may be some upside in this stock.
JBL is forming a possible H&S formation in weekly chart. It seems a good long term short opportunity.
* Trade Criteria *
Date First Found- November 9, 2017
Pattern/Why- Potential H&S in weekly
Entry Target Criteria- Break of $27.33
Exit Target Criteria- $18.32
Stop Loss Criteria- $32.07, $29.43 (Conservative)
Please check back for Trade updates. (Note: Trade...
Here is an ascending triangle breakout over 6 years in the making.
Daily shows a small rectangular consolidation, which allowed the 50a to catch up, and is breaking out again.
Could be a decent long term hold.
I bought yesterday at 30.67. Late to the party so smallish position.
Jabil Inc., formerly Jabil Circuit, Inc., provides electronic manufacturing services and solutions throughout the world. The Company operates in two segments, which include Electronics Manufacturing Services (EMS) and Diversified Manufacturing Services (DMS). The Company's EMS segment is focused on leveraging information technology (IT), supply chain design and engineering, technologies centered on core electronics, sharing of its large scale manufacturing infrastructure and the ability to serve a range of markets. Its DMS segment is focused on providing engineering solutions and a focus on material sciences and technologies. It provides electronic design, production and product management services to companies in the automotive, capital equipment, consumer lifestyles and wearable technologies, computing and storage, defense and aerospace, digital home, emerging growth, healthcare, industrial and energy, mobility, packaging, point of sale and printing industries.
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JBL
