jhains2

CRSP is admittedly a VERY volatile name, but one with a big future and I believe a CL list stock at GS. On Friday, I was able to sell the May $45 puts for $1.90. If I am exercised, my cost basis will be $43.10, which puts it right in the support of the bottom of the last pullback. I would be OK getting exercised on that and I could exit for a small loss if it ...

After their deal to sell themselves at $23.50 fell through, I expect a new buyer to step forward and take out SPA, which has been operating without a real CEO for 2 years.

Although there has not yet been a breakout, AMC appears to have put in place a H&S bottom with a neckline corresponding to the previous gap down. 2017 was obviously a horrible year for movies (and theater operators), but 2018 has a much more robust calendar that is likely to result in a much more robust financial result for AMC and other theater operators. ...

Casino industry has shown good relative strength in recent weeks with WYNN & LVS recently making all-time highs. MGM had to absorb the fallout from the Las Vegas massacre on 10/1/17 but now also has broken out to a new all-time high, confirming the rest of the group. WYNN has the strongest RS, MGM the least.

This looks lie a "Rounding Bottom" but my Edwards & Magee says these typically are a much longer-term formation. However, if you believe that the market and charts are fractal in nature, you can create a "longer-term" pattern by reducing the time interval on the chart. I'm long this name since the ends of November at just this side of $7 and think if the ...

There are not many stocks that are both down alot from their highs and making a recognizable bottoming pattern. This looks like one. Q4 earnings will be much better on the heels of Jedi in a few weeks.

I think I've got this Cup & Handle thing right. Trading Viewers let me know: is this a valid Cup & Handle pattern?

This week, Stephens & Co (famous for Hillary Clinton's wildly-profitable cattle futures trade back in the 80s) initiated coverage on EZPW with a Sell and an $8 price target. Stock dropped nearly 10% on the day of the report and can't get off the floor. Upcoming earnings report seems critical to the stock's performance as it needs to start translating strong ...

EZPW's somewhat delayed (though not technically late) FY-end earnings report for the September quarter will be released after the close on Wednesday and the company will hold an 8:30 a.m. (market time) CC on Thursday morning. The "delay" likely involved restating financials for the sale of its Grupo Finmart division in mexico, which closed on the last day of the ...

Following the breakout from the reverse H&S pattern HUN has continued to work its way higher on the 4-hour chart and the latest consolidation patern over the past week or so at the far right side, could barely contain the stock's rising tendency. HUN is now poised to move to new highs provided the overall market remains cooperative.

Previously, I noted that HUN appeared to be forming a "reverse Head & Shoulders" pattern, with a neckline just below $16.50. The stock proceeded to break out above that neckline, supported by improving fundamentals in the company's Titanium Dioxide business. After a classic post-breakout pullback to the up-sloping trendline in September, and another nearly two ...

On this 1 hour Candle chart, EZPW can be seen to have pulled back to a ST support level. I drop/close (your preference) below $10.60 would signal that a fakeout/breakout (your choice) is underway. Earnings likely will be out around Election Day and actual results as well as guidance on the call regarding capital allocation and the pace of M&A could be a catalyst ...

Of course, a breakout of this type simply puts the stock into a rectangular consolidation pattern, but in this case the sharp move this morning in a modestly lower market environment may reflect the closing of the company's sale of its Mexican payday lending operation for $50 million in up-front cash, deferred payments, and the refinancing of that units debt ...

HLF is moving out toward the end of this triangular consolidation pattern. Several previous consolidation patterns for HLF have not panned out and have morphed into more extended consolidation patterns. Thus it is possible that this could morph into a rectangle-shaped consolidation and extend further. I'm still long. Icahn has added to his position twice for the ...

So far, the prior highs appear to be holding true to form and are providing support for EZPW. Thus, the LT uptrend remains intact. Since previously writing on this topic, I have sold ~15% of my position for "risk management" purposes.

On 4/27 Sparton Corp announced that it "Explores Potential Sale Transaction" I estimate a valuation in excess of $30 based on fundamental analysis of the company's two segments, which deserve substantially different valuations. Is this a Cup & Handle forming? If so, then the technicals are in synch with the apparent fundamentals. the June fiscal year company ...

Apparently, this company has never reported revenue of any kind and is a phony business in Tijuana, yet somehow, it has achieved a $35 billion equity market capitalization. Wow! There hasn't been one this good in a ages..... Who needs trendlines................

$CC equity is up about 24% since it reported a big titanium dioxide pricing-based earnings beat. $HUN also is big in that market, though more diversified. Still, if that market is recovering strongly, That gives alot more confidence taht this H&S pattern is the real deal. And is that a handle forming over the past several days for a cup and handle as the closing ...