Seres Therapeutics, Inc. stock trades under the ticker MCRB & has recently shown technical strength.
MCRB stock is currently $31.80/share, and their calls at this level are at a $30 and a $35 strike price.
While the Delta of the in-the-money $30 call is already 0.72, I may be more inclined to buy this than the out-of-the-money $35 call, as it needs 10% growth in order to become in-the-money (using the 10/16 expiration date).
MCRB Stock Price: $31.80
10 Day Moving-Average: $29.09
50 Day Moving-Average: $23.48
200 Day Moving-Average: $8.85
RSI: 70
The other advantage of the MCRB $30 calls to the $35 calls is that their time decay will be slightly more forgiving; as the $30 call’s Theta is -0.083, and the $35 call’s Theta is -0.091.
The $30 strike price call option also has a more advantageous implied volatility, and although it is over 50%, selling the $35 call while owning the $30 call could be a good trade idea.
Haverty Furniture Companies, Inc. stock trades under the ticker HVT.
HVT stock has many interesting opportunities based on their fundamentals from an investing standpoint, as well as their recently technical performance for a trade opportunity.
Haverty Furniture Companies, Inc. HVT Stock Fundamentals Broken Down
HVT stock closed at $24.02 on 10/9/2020, with a PE (ttm) of 16.8 & a P/B of 1.71.
In addition to this, their 3.32% Dividend Yield is very attractive, and their 20.6% Payout Ratio sweetens the deal, as it shows safety & stability in their yield over the long-term.
Their Debt/Equity (ttm) is 79.3, which also is appealing in the eyes of a longer-term focused investor.
Haverty Furniture Companies is a small cap stock, with a Market Cap of $453.2M, which is also in part of why their Total Cash (mrq) is $157.8M.
Despite this, they have 95% % Institutional Investors, which is higher than many of the other small cap stocks we have covered on this site.
Haverty Furniture Companies, Inc. HVT Stock Technical Performance
Haverty Furniture Companies, Inc. stock has also performed very well in the past year from a technicals perspective.
Looking at their one year chart:
HVT Price: $24.02
10 Day Moving-Average: $22.15
50 Day Moving-Average: $20.38
200 Day Moving-Average: $17.05
RSI: 73
Technical Rating: 171.44
HVT stock’s moving averages all show continued strength, and their Technical Rating is much higher than their sector & industry averages (77.8 & 131.6).
From a trading perspective, there may be many opportunities here as well, as the strength looks to be something that can be capitalized on in the short-term as well as the long-term.
Haverty Furniture Companies, Inc. HVT Stock Fundamentals Compared To The Consumer Discretionary Sector Averages
HVT stock’s P/E (ttm) is 68.7% lower than the average for Consumer Discretionary sector stocks, and their P/B is almost 75% better than average.
HVT’d Dividend Yield is 36.6% higher than average, and despite their Payout Ratio being 57% higher than average, it is still low enough to be considered safe & sustainable.
HVT’s Market Cap is 62.5% less than average for the Consumer Discretionary sector, and their Total Cash is 88.5% lower than average.
However, their Debt/Equity (ttm) is 63.2% less than average, which contributes to the 61.3% higher than average % Institutional Ownership.
From a trading perspective, their Technical Rating is 120.4% better than average for the sector.
Haverty Furniture Companies, Inc. HVT Stock Fundamentals Vs. The Specialty Retail Industry Averages
HVT stock also has strong fundamental advantages vs. the Specialty Retail sector stock averages.
HVT’s P/E (ttm) is 69.2% lower than average, and their P/B is 79.4% better than average.
HVT’s Dividend Yield is 46.3% better than the industry average, and they have a 38.8% higher than average % Institutional Ownership.
HVT’s Market Cap is 95.7% lower than industry average, and their Total Cash (mrq) is ~81% lower than average.
Their Debt/Equity (ttm) is 79.6% lower than average as well, but they still present a solid case for a long-term investment.
Haverty Furniture Companies, Inc. HVT Stock Performance Vs. The S&P 500 & NASDAQ Indexes
Haverty Furniture Companies, Inc. stock has performed very strongly since their IPO on March 17th, 1980.
Their stock price has increased 3,190.4%, and when you factor in their Dividend Yield they’ve grown 5,116.4% in total.
In that time the S&P 500 has grown 3,330,3%, excluding dividends.
The NASDAQ has grown 8,189.7% in that same time period excluding dividends.
This solid historic performance makes them a prime candidate to be a conservative investment in a portfolio, looking to grow steadily, while also providing a dividend payment.
Tying It All Together
Overall, Haverty Furniture Companies, Inc. HVT Stock presents many interesting opportunities for short-term traders & long-term investors alike.
Their technical strength puts them in prime position to be looked at from a short-term trade perspective, especially when compared to their sector & industry peers.
Their long-term strength & growth, as well as the rest of their fundamentals are also very appealing to a long-term investor who is looking for a 3%+ yield stock as part of their portfolio.
JinkoSolar Holding Co. Ltd. stock trades under the ticker JKS & has recently shown very strong technicals.
Closing at $54.96 on 10/8/2020 after a slight price pullback, there look to be opportunities trading JKS stock options.
In anticipation of more of a price pullback, the slightly in-the-money $55 puts look attractive, as the next lowest level is $50, which would require a ~7% drop to become in-the-money.
The $55 puts expiring on 10/16 have a delta of -.047, while the $60 put’s delta is -0.67 & the $65 put’s delta is -0.82.
For Calls, I would be looking out to the December 18 expiration, at either the $50 calls which are already in-the-money and or the $55 calls, as once they become in-the-money the stock should have some decent momentum for growth.
In this instance, I would buy them separately based on the charts, as the call option decay may be exaggerated by election uncertainty and volatility.
JKS Stock Price: $54.96
10 Day Moving-Average: $42.41
50 Day Moving-Average: $26.27
200 Day Moving-Average: $20.77
RSI: 92
The RSI of 92 is high, and should even itself out as JinkoSolar Holding Co LTD’s stock establishes a new trading range, at which time entering the call options outlined above would be beneficial.
I’ll be looking at the options outlined above in the coming days & weeks.
Pioneer Power Solutions Inc. stock trades under the ticker PPSI & closed for trading yesterday at $6.89.
After gapping up on 10/6/20 it has shown great technical strength, and is worth taking a closer look at.
PPSI has no options, so for a hedge, I would look at something similar to what I posted about yesterday for a NASDAQ hedge.
PPSI Price: $6.89
10 Day Moving-Average:$1.88
50 Day Moving-Average: $1.62
200 Day Moving-Average: $1.63
RSI:86
PPSI’s 50 Day Moving-Average is about to cross the 200 Day Moving-Average, so there should be more opportunities to take advantage of from a short-term trade perspective.
I’ll be eyeing an entry point today & tomorrow to see if there is a price level I like.
Westwater Resources Inc. stock trades under the ticker WWR & has recently displayed technical strength, making it worth examining for trade opportunities.
WWR stock does not have options, but is a member of the NASDAQ, so while you have to buy the shares long, you can hedge against the position by using an inverse-NASDAQ Index ETF/ETN, or by buying options for or against the NASDAQ products.
An example, buying the SQQQ ETF, and or calls in it could be a means of hedging against the long WWR trade.
WWR Price: $11.80
10 Day Moving-Average: $2.84
50 Day Moving-Average: $2.19
200 Day Moving-Average: $1.96
RSI: 94
While WWR’s RSI is high at 94, showing signs of being very overbought, after such a strong takeoff that is to be expected, and will go down to a more normal level as it establishes its new range.
WWR shows potential for being a good short-to-medium term trade.
CBAK Energy Technology, Inc. stock trades under the ticker CBAT & has recently shown technical strength that poses trade opportunities.
On Monday 10/5/2020 they closed at $4.15/share, and they show signs of continued growth into today in pre-market trading.
CBAT stock does not have options to trade, so a trader would need to hedge their risk using an inverse-NASDAQ Index ETF for any potential downward movement in price.
CBAT Price: $4.15
10 Day Moving-Average: $1.92
50 Day Moving-Average: $1.02
200 Day Moving-Average: $0.75
RSI: 78
Based on yesterday’s high price, they show room to run beyond $4.75+, and their pre-market price is currently just over $5.
I am looking to get into them today/tomorrow for a short term trade opportunity, as they do not fit the profile of the type of company I would invest in for the long haul.
SPI Energy Co LTD trades under the ticker SPI & is a member of the NASDAQ index.
SPI stock’s premarket price is $8.10 on 9/30/2020, after gapping up a few days ago & there looks to be more opportunity for growth in the name.
SPI does not offer options, so timing will be important for an entry into a position of their common shares, which may be advantageous from a trading perspective.
SPI Price: $8.10
10 Day Moving-Average: $5.41
50 Day Moving-Average: $2.18
200 Day Moving-Average: $1.44
RSI: 73
I’ll be looking today for a quick entry & exit on SPI shares.
Cassava Sciences Inc. trades under the ticker SAVA and has recently displayed technical strength that makes it worth looking a little closer at for a trade opportunity.
SAVA currently trades at $11.16 per the close of 9/28, and are currently down ~3% in the pre-market today as the futures trade mostly flat/slightly lower (per 7:30 am).
SAVA options that are closest to at-the-money are at $10 or $12.50 for calls and puts.
Given the breadth of that spread, I am going to look to be buying the slightly in-the-money options, as their Deltas are higher, and they offer some cushion for safety on a day like today which promises to be relatively uncertain.
SAVA Price: $11.16
10 Day Moving-Average: $9.36
50 Day Moving-Average: $4.55
200 Day Moving-Average: $5.02
RSI: 79
Their RSI is currently high, although that should begin to shake out as they establish a new price range.
I may start the day buying puts, and then as the price starts to settle down sell them and look to buy some calls & perhaps set up a straddle based around where the price is settled.
VivoPower International PLC stock trades under the ticker VVPR, and has recently displayed some noteworthy technical strength.
Overall, VVPR’s chart shows upward momentum, with eyes looking at their resistance level of $9.50, ~12% above where the current price is trading, making them worth considering for a trade, and perhaps a longer-term investment long shot idea.
VVPR Stock does not have options to trade, so for hedging purposes, if you were to buy shares, it would be wise to look at ETFs like SQQQ for days where a hedge is required.
VVPR Price: $8.50
10 Day Moving-Average: $7.99
50 Day Moving-Average: $4.81
200 Day Moving-Average: $2.01
RSI: 58
I will be looking at VVPR for a short-term trade opportunity within the coming days.
Sunworks, Inc. trades under the ticker SUNW & has recently experienced a bullish surge in price. Yesterday alone SUNW stock climbed by ~239%, and as of 8:05 am it is down 16% from yesterday’s price amid mixed signals in the futures markets.
While it looks to establish its new trading range there should be many opportunities for traders to make some money.
Sunworks, Inc.’s stock does not have options, so a trader would be looking for an entry into common shares as it begins to readjust to its new price range.
A trader in this name will have to be vigilant though, as there are no puts to use to hedge against volatility, and using SQQQ calls or shares may be a bit too aggressive, despite SUNW’s high Beta of 2.96 (5 year monthly).
SUNW Price: $3.28 (pre-market)
10 Day Moving-Average: $0.93
50 Day Moving-Average: $1.16
200 Day Moving-Average: $0.77
RSI: 68
While today may not be the best day to hop into them as it may be a risk off Friday for many folks, there should be some appealing entry points, particularly as the 10 Day Moving-Average prepares to cross the 50 Day Moving-Average in the coming trading sessions.
