$SIG Signet Jewelers now down 30% since earnings release last week. RSI deeply oversold and price at $35 long term support level from April of this year. Expecting a bounce in the near term from this area - targeting $44.00 by year end. Would like to see a close today >= $35.00 for confirmation.
Note: Informational analysis, not investment advice.
$SIG Signet Jewelers (Zales, Kay, Jared) reports earnings tomorrow pre-market. Not a good sign that a descending triangle formed on the daily chart over the last couple months.
Options are showing an implied move post-earnings this week of ~15%. Smart money looks much more heavily weights on puts. There's an unfilled gap down around $44.00 (-12% from current ...
This one has broekn short term trend, it needs to close above 60 otherwise it becomes the new resistance.
I am not willing to bet against it right now I think it will recover but if the selloff continues support is around 55$
am actually looking for a good entry point to play the run up to earnings
Sig will give results next week. It has been dow for a while, and now has move to a resitance level. I will play it with options, i will buy the 44 calls and sell the 50 put. all for june 15 expirations so i can have a nice butterfly and space to move either side. i think it will end around 47 or 48 ...
I'm not a good friend of Jewelry, neither of Signet Jewelers. Sad, but true... I had to move on 1 month chart to show you up!
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Now in the Consumer Services Companies I find this “falling jewel”
Signet Jewelers is the world's largest retailer of diamond jewelry.
If you look the past trend of this company, looks like it had better times but now it's is going through a bad time.
The ideas I share are for Traders and Speculators with a Long/Short opportunistic view of the market who adapt ...
I kept my Elliott wave count up there from when I first posted it a week ago. It looks like my wave count is probably wrong. heh heh... SIG might still be respecting trend and bounce off the trend line so keep it on watch to see if it tries to make a up day on Monday. Have a good weekend!
Signet matched its rival’s mixed performance in the last decade, gaining ground through most of the Dot.com bear market and then stalling out in the upper-30s in 2002. It rallied above that level in 2004 and dropped into a holding pattern until a 2006 breakout added just six points into the 2007 May top at $49.00. The subsequent decline did extensive technical ...
SUFFERING LIKE ALL US RETAILERS
Signet is a US mid cap with a leading position in mid-market jewelry retail. It has most recently been impacted negatively by the dull holiday season, and has generally paid the price of the weak US retail environment.
EVERYTHING HAS A PRICE?
The shares have been suffering, and are consequently trading at inexpensive multiples ...