CM2 trade ideas

ShortSeller76 Updated 

I am back in this trade a second time in about a week. Last time I bought puts which doubled on the drop. This time I am shorting the common stock and will add as price increases for a nice average. 1,000 shares short $58.10 will add every $1.50 increase equal number of shares. Way overbought and getting ahead of itself. I will also buy puts in the $60's

ShortSeller76 Updated 

Likely a failed double top way overbought on technicals this stock is due for a pullback $45 or under

GoSolo

A large base has presented a bullish divergence as a harmonic deep crab completes above the reclaimed 50 SMA support.

noam_chom Updated 

42.90 to $50 later in the year

TRADING_as_a_BUSINESS

Cal-Maine Foods Inc produces and sells shell eggs. Its main market is United States. The company's product portfolio contains nutritionally enhanced, cage-free, organic, and brown eggs. Cal-Maine Foods markets the shell eggs to a diverse group of customers, including grocery-store chains, club stores, and foodservice distributors. The company's brands are:...

TaPlot

NASDAQ:CALM broke out of the 4+ month ascending triangle chart pattern and close above resistance 4 days in a row before the news shock after the close yesterday. The stock gapped down 5+%, held around the opening print for around 2 hours and gravity took over from there. Remember, anything could happen when you enter the trade. Use stop losses and risk...

TaPlot

NASDAQ:CALM is forming a 4 months ascending triangle. Multiple tests of resistance line have taken place. A breakout from this consolidation will lift the price off the 200 moving average and set the tune for the next leg up. There is a considerable resistance around $51 and if cleared, price should reach chart pattern price target identified on the chart.

winningeveryday

Sell now or wait till the price gets closer to the resistance line to trade at a lower risk or higher R/R ratio.

PNL_only

Start on Monthly -> Weekly -> Daily

gregharmon

Tell me again about that Efficient Market Theory

TizyCharts

The trade described on the chart shows what we did. Just follow us !

JarrettMatson

Nice Cup and Handle Pattern developing.

JarrettMatson

Nice Cup and Handle pattern confirming

joseramonperezq Updated 

Nice cup and handle

hemantarora Updated 

Short @ 48.60 Stop Loss - 49.50 Profit - 47 and 2nd Target 46.25 Breakeven - When price move to 1:1 @ 47.80 Analysis based on Supply and Demand

KLang

Notes on chart

StocksOptionsandForex

Order Preview CALM Buy 1 Put Vertical Limit Debit Buy 1 Nov17 44/44.5 Put Vertical @ 0.45 Limit Debit DAY to Open 0.10 - 0.50 Sell Sell 1 CALM Nov-17 44 Put to Open 0.15 - 0.35 Buy Buy 1 CALM Nov-17 44.5 Put to Open 0.45 - 0.65

TraderDanER Updated 

The company's efforts to restructure have not come across well so far, trailing its competitors. Cal-Maine has a long way to go, I believe, to fairly compete with larger players. I am pessimistic on the company's 3 month prospect and have a $35.00 PT. Stop set at $45.00 but is flexible up to $50.00. I believe the company will report lower guidance on Monday.