jhains2

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 ...

$VER (a triple-net REIT) priced an upsized secondary of 60 million shares last week after a modestly disappointing earnings report. That combo pushed the stock down to the bottom of the channel. Peer companies are NNN& O, and both yield 3.55% compared to VER's 5.25%. The secondary will accelerate the company's return to IG credit ratings, which is the gating ...

Sell the move here into the Neckline and cover on the expected pullback back to the rising support line. Daily chart so no rush!

HLF has continued moving sideways with the market through and past its earnings report. Jim Cramer did a segment on it last night and concluded that on a fundamental basis it was worth $67...... Where did he get that idea???...actually from trying to put a multiple on various earnings and cash flow measures. Meanwhile, mega-short Bill Ackman was reported to have ...

The company generated 16% sales growth in North America, which accounts for only about 20% of revenue.

Am I allowed to do that? I am up 100% in this position based on fundies. It's the largest position I've ever had. Earnings come out after the close tomorrow with a call on Thursday a.m. What would you do? #breakthehouserules

This narrow "Line" pattern (please refer to your copy of Edwards & Magee) has lasted more than 2 weeks, having started on 7/14. This is an unusually long timeframe for such a narrow trading range. John Bollinger has noted on Facebook that his "bands" are extremely constricted and that such a constricted band pattern is what typically happens before the market ...