Latest news with #RockyWhite
Yahoo
a day ago
- Business
- Yahoo
Fast Food Stock Flashing Surefire Bull Signal
The shares of Yum! Brands Inc (NYSE:YUM) are up 0.8% to trade at $145.07 at last glance while sporting an 8.7% year-to-date lead. Pressure at the 20-day moving average is keeping a lid on today's gains, while the $153 region has acted as a ceiling since the stock's April 4 bear gap of 8.4%. The shares are now trading within striking distance of a historically bullish trendline, however, which may help it close that bear gap. Per Schaeffer's Senior Quantitative Analyst Rocky White, the security is within one standard deviation of its 126-day moving average (representing half a year of trading). YUM was above this this trendline in at least eight of the last 10 trading days and spent 80% of the last two months above it. Within these parameters, five other signals occurred in the past five years, after which the equity was higher one month later every time, averaging a 3.9% pop. A move of comparable magnitude would place YUM back above $150. A round of bull notes could create tailwinds and help get YUM the rest of the way through overhead pressure at $140. Of the 27 analysts in coverage, 20 still call the equity a tepid "hold" rating. Options are looking affordable as well, per the stock's Schaeffer's Volatility Index (SVI) of 18%, which ranks in the 12th percentile of its annual range. This means options traders are pricing in low volatility expectations. YUM has also tended to outperform these expectations, per its of 83 out of 100.
Yahoo
3 days ago
- Business
- Yahoo
Best of June: Retail Stock Could Topple Resistance
Lululemon Athletica Inc (NASDAQ:LULU) stock was last seen trading at $319.20, brushing off thanks to a price-target hike from TD Cowen to $373 from $370. The shares are testing their 320-day moving average before the retailer's first-quarter report, due out after the close on Thursday, June 5. This pressure could come crashing down soon, however, given LULU summer seasonality. is among the to own this month, per Schaeffer's Senior Quantitative Analyst Rocky White. The shares averaged a monthly pop of 9.4% and ended the month higher 80% over the past decade. LULU is also the only retailer on the list. A comparable move from its current perch would place shares just shy of $350, clearing that aforementioned ceiling. The security would also hit its highest trading level since March and extend its 23% nine-month lead. A round of bull notes could keep tailwinds blowing, as 14 of the 31 firms in coverage call LULU a "hold" or worse. There's also short squeeze potential. Short interest already fell 8% in the last two reporting periods, yet the 5.94 million shares sold short still make up 5.4% of the stock's available float. LULU has a positive history of post-earnings reactions, finishing six of its last eight next-day sessions higher, including a 16% gain in December. The security averaged a 9.2% move over the last two years, regardless of direction, and this time around the options pits are pricing in a bigger 13.8% move for Friday's trading. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
3 days ago
- Business
- Yahoo
Favorite Casino Stock Traders Should Avoid in June
Wynn Resorts Inc (NASDAQ:WYNN) is trading 1.9% lower at $88.83 at last check, starting off June on a sour note. The shares are eyeing their fourth-straight loss, extending a pullback from their May 15 five-month highs, and testing support at the $90 level today. Plus, if past is precedent, WYNN could be due for even more losses. Schaeffer's Senior Quantitative Analyst Rocky White of the 25 worst S&P 500 Index (SPX) stocks to own in June, going back a decade, and Wynn Resorts stock is in the top 10. WYNN has averaged a loss of 3.3% for the month, finishing lower 70% of the time over the last 10 years. Options traders are leaning bullish, leaving ample room for headwinds, should this upbeat sentiment begin to unwind. WYNN's 50-day call/put volume ratio of 4.18 at the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) ranks higher than 75% of readings from the past year. Options are looking affordable as well, per the stock's Schaeffer's Volatility Index (SVI) of 33%, which ranks in the 11th percentile of its annual range. This means options traders are pricing in low volatility expectations. WYNN has also tended to outperform these expectations, per its of 99 out of 100. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
3 days ago
- Business
- Yahoo
Kroger Stock Could Push Back Toward Highs
Grocery store giant Kroger Co (NYSE:KR) has been steadily chopping higher on the charts for almost a year now. Though there was a recent pullback following the stock's April 22, record high of $73.63, layers of underlying technical support are keeping the losses in check. The stock recently rebounded off $66, which is home to its ascending 100-day moving average. Plus, per Schaeffer's Senior Quantitative Analyst Rocky White, the shares are within one standard deviation of their 80-day moving average for the first time in at least eight of the last 10 trading days, after spending at least 75% of the last six months above it. Within these parameters, 11 other signals have occurred within the past three years, after which the stock was higher one month later 55% of the time, averaging a 3.7% gain. Should KR stage an upward swing, an unwinding of short interest may provide additional tailwinds. Of the stock's available float, 6.1% is sold short. It would take shorts nearly five days to cover their bearish bets at the equity's average pace of trading. There is still plenty of room for upgrades, too. Of the 20 analysts in coverage, 11 carry a "strong buy" rating, but nine still sport a tepid "hold." Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Forbes
28-05-2025
- Business
- Forbes
History Says Snowflake Stock Could Fly Even Higher
Shares of Snowflake (SNOW) are moving 0.3% lower to trade at $205.77 this afternoon, but earlier touched a fresh annual high of $209.29 after its composite rating saw a lift to 96. Yesterday brought news of a partnership between the IT name and the 2028 Los Angeles Olympics, and on May 22, the stock enjoyed a post-earnings pop of 13.4%. Despite its now 33% year-to-date profit, SNOW remains significantly below its December 2020 record peak of $390. However, a flashing bull signal could mean further gains for the tech giant. Daily chart of SNOW since May 2024 LSEG Workspace Specifically, SNOW is sporting low implied volatility (IV) while sitting within 2% of a 52-week high, as demonstrated by its Schaeffer's Volatility Index (SVI) of 38%, which ranks in the low 16th percentile of its annual range. Per Schaeffer's Senior Quantitative Analyst Rocky White, the equity saw two similar signals in the past three years, after which it was higher one month later both times with an average 3.9% gain. Meanwhile, puts are more popular than usual in the options pits. This is per Snowflake stock's 50-day put/call volume ratio at the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), which stands in the 86th percentile of annual readings. Should this bearish sentiment begin to unwind, it could act a tailwind for the shares.
