Penske Automotive Group, Inc. (NYSE: NYSE:PAG ), a leading international transportation services company, is set to bolster its retail automotive operations in Australia with the acquisition of two Porsche dealerships and a Ducati motorcycle dealership in Melbourne. The strategic move signals Penske's commitment to expanding its footprint in the premium vehicle...
Enter when price clears 155.37 With daily volume greater than 550k Target: 178 area Depending on your risk tolerance: 147.87 gets you 3/1 Risk/Reward
Just an idea. Reaction according to price-action. Feel free to share yooooour opinion about this stock? Happy trading
Notes: * Strong up trend on all time frames * Great earnings track record * Pays out dividends * Coming up on the right side of its base * Basing for the past ~9 months and creating a base within a base * Just breaking above the ~112 (historical resistance weekly chart) area with higher than average volume and bullish price action * In the Automotive industry...
1) Formed a good basing pattern that was 131 days long while the markets got smashed. A signal that PAG has shown good relative strength against the market. 2) Fundamentals are solid with a history of beats over the past year. 3) While not in a strong sector, the technical setup looks interesting. The past two weeks saw more up days than down days. There were...
Long PAG CMP $100.54. Trading above 50 EMA. Uptrend continuation. Broke out from cup and handle pattern. Possible targets $112.35
* Strong earnings quarter over quarter * Strong up trend * Broke out of a 4 month consolidation * During the consolidation it formed a cup and handle * The handle consolidated for 6 weeks before price broke out with higher than average volume * Pays out dividends with a Payout ratio of 14.50% which means the company has a tonne of room to grow and possibly...
$PAG is forming a 4 months cup with handle setup. Notice the multiple PP10s and PP5s in the handle indicating institutions accumulating shares.
NYSE:PAG Possible Scenario: LONG Evidence: Price Action This is my idea and could be wrong 100%.
Shares of Penske Auto Group (PAG) seem to be basing and ready to move higher. This thing is cheap with a TTM P/E of 6.2. Using consensus estimates for 2018 of $5.06 per share, it's trading at a forward P/E of 10.3. The company offers a 3.1% dividend, and its 1 and 5 year dividend growth is 13% and 19%, respectively. With a payout ratio of 19%, there's still...
now: 45.54 buy: 45.59 stop profit: 47.40 stop loss: 44.91
PAG - seems getting ready for a second phase of upward run. Moneyflow is getting stronger. We would like to take a position it it breaks all time high or pull back to support. Trade Details :- Entry Target Criteria- break of $54.41, or pull back to 50.60 - 51.30, Exit Target Criteria- Momentum Stop Loss Criteria- TDA You can check our detailed analysis on...
Huge insider busying, specially from the owner. Technically it just breaking out of a channel/resistance & seems ready to fly to the next resistance. We think it can go up to 52.56. Break of 41.83 will be a good point to long, On the option side we are looking for Nov 40 & 45 calls, last trading price was $3.5 & $1.32 You can also look for Feb17- 45 call traded...
Penske breaks out after an earnings flag... The 9.7 p/e ratio is low compared to history. For a more detailed analysis go to www.speculatewith.us