SubscribeS&P 500 – Updated Level Watch for Support
May 7, 2012
Last week we looked at the key levels of support for the S&P 500. On Friday it held just about the the penny and that would have set up some sort of potential for the bulls to come in – if not for the European debacle again.
The S&P 500 has some important tests over the next few weeks. There are defined areas of Read more
Acme Packet (APKT) – Earnings Release Setup
May 2, 2012
Acme Packet Inc (APKT) is expected to report earnings on 5/2/2012 (after the close). The current consensus of the 22 analysts is a buy rating. Over the past four weeks analysts have increased their rating and have increased it over the past three months. For this analysts are expecting next quarter’s EPS and revenue of $0.21 per share and $75.72 million respectively. Looking out further, estimates are for EPS of $1.00 on sales of $336.11 million for the full year.
Option traders are pricing in the potential for a post earnings move of 9.40% – indicating a wide range of expected movement.
Acme Packet Inc is currently in a consolidation pattern, signified by its price moving between TriggerPoint support (Green Line) and TriggerPoint resistance (Red Line) – In other words, range-bound between Read more
Monster Beverage (MNST) – Where there is smoke….
May 1, 2012
Yesterday, the announcement of a potential deal struck me as obvious. Coca-Cola (KO) would be a direct beneficiary of the energy drink business which is booming. Adding the Monster brand to the mix could be instantly accretive if the price was right.
Combining the distribution alone would be a great deal for Read more
TPR – Apple (AAPL) Pre-Earnings Report and Gameplan
April 24, 2012
From TriggerPoint Research (our subscription services site)
Apple Inc is expected to report earnings on 4/24/2012 (after the close). The current consensus of the 56 analysts is a strong buy rating. Over the past four weeks analysts have decreased their rating and have decreased it over the past three months. For this quarter’s earnings report, analysts will be looking for EPS of $10.05 and revenue of $36,865.63 million. Company guidance will also be a key issue as analysts are expecting next quarter’s EPS and revenue of $9.95 per share and $37,492.47 million respectively. Looking out further, estimates are for EPS of $44.44 on sales of $161,123.09 million for the full year.
Option traders are pricing in the potential for a post earnings move of 7.92% – indicating a Read more
Netflix (NFLX) – Pre-Earnings Report and How to Position
April 23, 2012
Netfilx (NFLX) will be reporting after the close on Monday. Since January, short interest has all but dissipated as the run from a the low $60′s to $135 humbled a good number of the bears. The current days to cover of 1.8 is close to the low which shows that there is a bullish sentiment surrounding the shares.
Netflix Inc is currently in a consolidation pattern, signified by its price moving between TriggerPoint support level (Green Line) and TriggerPoint resistance (Red Line) – In other words, range-bound between $106.03 and $117.29 Technical indicators are currently showing us that prices are trending down, as signified by the stair stepping down of the point of control (blue line). As this security is trending lower, it may be a higher probability trade to sell on the TriggerPoint Read more
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