WU,ACIW: The Western Union Company
2019-02-28 06:05:00
Western Union Announces Sale of Speedpay U.S. Domestic Bill Pay Business and New $1 Billion Share Repurchase Program - Business Wire
WU is approaching our first support at 16.08 (horizontal swing low support, 78.6%, 61.8% fibonacci retracement, 100% fibonacci extension) where a strong bounce occur above this level pushing price up to our major resistance at 17.60 (horizontal pullback resistance, 23.6% fiboancci retracement).
Stochastic (55,5,3) is also approaching support and seeing a bullish...
WU is approaching our first support at 16.08 (horizontal swing low support, 61.8% Fibonacci retracement, 100% Fibonacci extension) and a strong bounce might occur above this level pushing price up to our major resistance at 19.16 (horizontal swing high resistance, 50% Fibonacci retracement, 100% Fibonacci extension).
Stochastic (55,5,3) is also approaching...
Going long on WU for 1 day MAX. will close before EOD on 7/25/18. bounced nicely off 9 day EMA looking to test upper support levels of 20.18 and 20.25... stop tight @ 20.10 to account for a bounce below BBand mid line.
Long @ $20.02
Market Cap - $9.31B
Beta - 1.02
P/CF - 5.90
Earnings Yield - 9.26%
Current Ratio - 0.84
- Western Union is expecting to benefit from the tax rate, they revised their outlook for tax rate and earnings per share. Earnings per share are forecasted in the range of $1.80 and $1.90 (previously was $1.78-$1.90). They also expect revenues to grow from 1-5%...
I will be waiting for WU to close above 20.75. That would break all previous resistances until 22-23ish area. The pictures depicts a 2:1 risk/reward ratio.
D1 - Price has created higher highs and also bullish divergence has formed.
No we will be waiting for double wave down and we can go long with the breakout of TL
As long as last low at 18.35 holds we are after buys
WU showing downside after dropping thru a trend line and the 200d ma on big volume. Another volume spike today confirms the downward pressure. Short term resistance at 19.80 and that is where to short. Stop at 20.50. Downside up until 18.75 - 18.50 and 16.00.
The pin bar that formed on 8/24 can indicate a higher probability of a short term (2-4 bar) reversal of price. Normally I would look to enter on a break of this bar by $0.05, which did not happen today. Instead price pulls back up into the $21.50 resistance area and stalls. Looking to enter short tomorrow (provided price doesn't gap above $21.50 at the open)...
