DrConservative

DrConservative Updated 

Watching the present area of around $53.50 which has been major resistance on several occasions. Need it to break through with above average volume. Recently crossed the 50-day MA. If it can't break through resistance, I am hoping that the 50-day is new support level. Beaten down stock. At the very least, I believe that the worst days are behind us.

DrConservative

Recently went under the 200SMA which was cause for concern. However, it bounced back over it rather quickly with volume remaining somewhat normal (minus earnings day). That's 3 occasions of approaching support at 180. If it was to dip below it, I would consider a stop loss around 175-177.50. If it can climb over the 187 range with up average volume, I think...

DrConservative

The chart and fundamentals are too easy here, right? What am I missing? Consumer Staples have been hit hard and I would own most of these companies during any time period. However, the market gave us a gift and it should be easy to capitalize. Going long here on pure fundamentals. On a technical basis, the chart looks good but keeping my eye on crossing the...

DrConservative

What do you do when you can't figure out what the heck is going to happen next? You straddle, baby! Earnings todays after the bell. Last four stock moves post earnings... Price Change % = -3.68% -2.5% -22.85% 12.37% Per The Fly - Implied volatility suggests the market is anticipating a move near 7.7%, or $3.59, after results are released. Median move over the...

DrConservative

Honestly, I can't make sense of the chart so send any jokes my way. Be gentle. What I can make sense of this things appears to be oversold as does oil. RSI is below 30. They should be filling SPR at these levels (stressing the word "should"). Uncle Warren is probably gobbling up OXY at these levels and the Middle East is in turmoil. I'm buying calls ($57...

DrConservative

Consumer staples have been hit hard recently and I can't imagine this one continuing to go lower. Sure, health is all the craze but when times are tough consumers go for the cheap stuff. Plus, eating healthy sucks. Jump on this dividend beheamoth before it's too late. Play: Buying the $1.25, 1/12/2024 call - SP = $41 Also, sell the .60 CSP and collect...