Shares of automatic identification and data capture (AIDC) company Zebra Technologies (NASDAQ: ZBRA) fell nearly 12% in early trading Thursday before reversing and clawing their way back to about a 6.8% loss as of 2:05 p.m. EDT. You can blame investment research firm Northcoast for the decline thank investment banker R.W. Baird for Zebra's comeback.
Technically...
ZBRA is highly rated fundamentally, and despite an ER miss in 18Q4 was propelled, after three years up into the upper band of a pitchfork channel. Another ER miss on Apr 30 caused a pullback, exactly to the centre (ie the lower band of the upper channel). The RSI pattern is reminiscent of Dec 18, and it is possible that the price will fully recover.
Allowing for...
ZBRA Overbought at resistance - shooting star forming on daily chart today. Targeting $184 earnings gap-fill by early March.
Note: Informational analysis, not investment advice.
In my quest to better understand trend following and TA, I am embarking on publishing more ideas with strict regard to TA first, followed by fundamentals. I am doing this because I usually do the reverse. Normally I will look at a company that I believe is undervalued or overvalued, and then I will look to the charts to see when a setup could be had. This time is...
ZBRA seems breaking down from a Macro frame Head & shoulder pattern. Today's break confirms the entry & our target is 25.13
On the option side we are looking for Aug2016- 50 put trading at $4.4
You can check our detailed analysis on ZBRA in the trading room/ Executive summery link here-
www.screencast.com
Time Span: 68:00”
Trade Suggestion Date: 5th Jul
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