Latest news with #InternationalSecuritiesExchange
Yahoo
4 days ago
- Business
- Yahoo
Chewy Stock Well-Positioned to Make a Comeback
Chewy Inc (NYSE:CHWY) stock has been trending lower since its June 6, two-year high of $48.62, but maintains a healthy 51.3% year-over-year lead. A rebound might soon be in the cards, too, as the security is now trading within striking distance of a historically bullish trendline. Per Schaeffer's Senior Quantitative Analyst Rocky White, Chewy stock's recent pullback placed it within one standard deviation of its 260-day moving average. The equity was above this trendline in at least eight of the last 10 trading days, and spent 80% of the past two months above it. Within these parameters, three other signals occurred over the last three years, after which the stock was higher one month later 67% of the time, averaging a 6.9% gain. From its current perch at $34.49, a similar move would place back above $36. At the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), CHWY's 50-day put/call volume ratio ranks higher than 90% of annual readings. This suggests a sentiment shift could create additional tailwinds. Options look affordably priced, making this an excellent time to bet on the equity's next moves. This is per its Schaeffer's Volatility Index (SVI) of 41%, which stands in the 14th percentile of readings from the past year.
Yahoo
10-04-2025
- Business
- Yahoo
This Bull Signal Has Never Failed AT&T Stock
AT&T Inc (NYSE:T) stock is down 0.9% to trade at $26.58 at last glance, but still carries a 16.7% lead for 2025, and an even healthier 54% year-over-year gain. Shares are fresh off their worst weekly performance in just over a year amid the broad-market selloff and tumbled off their April 3, five-year high of $28.54, but a historically bullish signal now flashing may aid its recovery. More specifically, the equity recently pulled back to its 50-day moving average, a move that has produced gains in the past, according to Schaeffer's Senior Quantitative Analyst Rocky White. This comes after a prolonged period above that trendline (defined by White as 80% of the time in the last two months and eight of the last 10 trading days). A similar move occurred four times in the past three years, after which T was higher a month later each time, averaging a 4.1% gain. From its current perch, this would place the stock just shy of $28. Options traders lean overwhelmingly bearish. At the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), the equity's 10-day put/call volume ratio of 1.21 sits in the 97th percentile of annual readings. Should this pessimism begin to unwind, could charge even higher.
Yahoo
13-03-2025
- Business
- Yahoo
Buy the Dip: Another Cybersecurity Stock to Consider
Traders are viewing the as an opportunity to buy tech stocks on the dip, with CrowdStrike (CRWD) among the names . Cybersecurity giant Palo Alto Networks Inc (NASDAQ:PANW) also presents an intriguing opportunity, as the stock just pulled back to a trendline that has historically produced positive returns. According to Schaeffer's Senior Quantitative Analyst Rocky White, PANW stock is now within striking distance of its 260-day moving average, a move that has typically resulted in positive returns. This follows a prolonged period above this trendline (defined by White as 80% of the time in the past two months and eight of the last 10 trading days). A similar move occurred five times in the last three years, after which the security was higher one month later each time, averaging a 10.7% gain. PANW was last seen up 3.9% to trade at $180.57, so a move of similar magnitude would set it just shy of the $200 level, nearly closing the pullback from its Feb. 19, all-time high of $208.19. Longer term, still sports a 27.1% year-over-year lead. At the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), the security's 50-day call/put volume ratio ratio of 2.28 ranks higher than 93% of annuals readings. This indicates options traders have been much more bullish than usual in the last 10 weeks. Sign in to access your portfolio
