Wynn Resorts Ltd. WYNN Stock Analysis

Wynn Resorts Ltd. stock trades under the ticker WYNN & has recently shown signs of short-term technical strength.

WYNN stock closed at $96.14/share on 8/9/2021, completing a bullish MACD crossover, with an oversold RSI.

Wynn Resorts Ltd. WYNN Stock Technical Performance For The Last Year

WYNN Stock Price: $96.14

10 Day Moving-Average: $97.89

50 Day Moving-Average: $115.58

200 Day Moving-Average: $115.24

RSI: 34.96

MACD: -5.6

While their chart is not the prettiest, WYNN looks poised to bounce & regain some lost ground while establishing a new range.

Their 50 Day Moving-Average will break the 200 Day MA bearishly, which will cause some more pain as the new range is established.

However, given that they are now oversold at the RSI, WYNN should begin to trend back up.

Long-Term investors can use this price level as a means to establish a solid position or add to an existing one.

Short-term traders & options traders can take advantage of the bounce to gain some quick profits.

I am looking at the $97.50 9/18 Exp. call options, although their Theta is going to be a consideration for my timing, as it is -0.0719.

This means that the contracts will decay at a rate of ~7 cents/day.

There seems to be a slightly more bearish sentiment in existing options contracts, as the Open Interest on the same puts is a bit higher.

However, from the short-term perspective there seems to be a good chance that these will become in-the-money before then.

All-in-all, WYNN stock is worth taking a closer look at for both short-term & long-term traders.

*** I DO NOT OWN SHARES OF WYNN STOCK ***

Hyre Car Inc. HYRE Stock Analysis

HyreCar Inc. engages in the peer-to-peer ridesharing business, and trades under the ticker HYRE.

HYRE stock closed at $18.60/share on 8/6/2021, while signaling that there is more bullish momentum to come.

HyreCar Inc. HYRE Stock Technical Performance For The Last Year

HYRE Stock Price: $18.60

10 Day Moving Average: $17.33

50 Day Moving-Average: $18.78

200 Day Moving-Average: $11.69

RSI: 53.7

MACD: -0.4

On Friday, HyreCar stock completed a bullish MACD crossover, a sign that there is more positive momentum to come.

Additionally, they also have an even RSI at ~54, showing no signs of being overbought nor oversold.

HYRE stock’s price is poised to break through the 50 Day Moving-Average & their 10 Day MA is only 9% below.

Once they make the crossover, it will provide additional momentum pushing the stock price higher.

While HYRE has had weaker than usual trading volume the past few months, it has continued the uptrend that began on a gap up day in May.

Short-term traders can take advantage of this momentum either by purchasing common shares or options.

I am looking at the $17.50 strike calls with the 8/20 expiration, as they have healthy open interest & volume, so they should be an easy position to exit from.

The $20 strike price has more open interest & volume, but are too far out-of-the-money for my liking at the moment.

I may think to purchase some of them with the 9/17 strike price though.

The sentiment the options are showing me is heavily bullish, as there is far less open interest on any of the in or at the money puts vs. calls.

From a long-term perspective, this seems more like a speculative investment.

Their P/B is high at 19, and they have no P/E(ttm), with a high level of Debt/Equity.

However, this doesn’t mean investors should necessarily shun HYRE stock, but be mindful of its speculative status in the long-run.

Overall, there seems to be some great opportunity for short-term oriented & options traders, making HyreCar Inc. stock worth taking a closer look at.

*** I DO NOT OWN SHARES OF HYRE STOCK ***

Senseonics Holdings Inc. SENS Stock

Senseonics Holdings Inc. stock trades under the ticker SENS & creates implantable glucose monitoring systems for folks with diabetes.

SENS stock closed at $3.14/share on 8/5/2021, and looks poised to continue climbing higher on technical strength.

Senseonics Holdings Inc. SENS Stock Technical Performance For The Last Year

SENS Stock Price: $3.14

10 Day Moving-Average: $3.06

50 Day Moving-Average: $3.17

200 Day Moving-Average: $2.16

RSI: 51

MACD: -0.029

Yesterday SENS completed a bullish MACD crossover, a signal of technical strength.

In addition to their MACD crossover, the 10 Day Moving-Average is ~3% away from crossing the 50 Day MA, which will help propel the price higher.

Most importantly, the RSI is neutral, showing that their share price is neither overbought, nor oversold.

Senseonics Holdings Inc.’s stock has traded on below average volume recently, while being constricted to a tight price range since July.

SENS options look to be very liquid, with all of of the at-the-money range calls & puts having good volume of Open Interest.

However, their implied volatility is high, which may make some options traders more likely to want to sell vs. buy.

I am looking at the $3 & $3.50 strike prices, over the 8/20 & 9/17 expiration dates.

These seem to be a realistic range for that time period, unlike the $4 calls.

From a long-term traders perspective, SENS stock looks to continue climbing.

While it does not have a positive P/E (ttm), their chart looks to have long-term positive momentum.

Furthermore, with how many people are impacted by the disease that they are fighting, there is great opportunity for growth as the company matures & solves their problems.

Overall, SENS stock looks to be an interesting opportunities for both long-term & short-term traders alike & is worth taking a closer look at.

*** I DO NOT OWN SHARES OF SENS STOCK ***

Evolus Inc. EOLS Stock Analysis

Evolus Inc. stock trades under the ticker EOLS & is a medical aesthetics company.

EOLS stock closed at $11.40/share on 8/4/2021, after completing a bullish MACD crossover, a sign of technical strength with more growth to come.

Evolus Inc EOLS Stock Technical Performance For The Last Year

EOLS Stock Price: $11.40

10 Day Moving-Average: $10.98

50 Day Moving-Average: $11.84

200 Day Moving-Average: $8.61

RSI: 49

MACD: -0.264

EOLS’s RSI is slightly oversold at 49, showing that there is more room to breakout higher safely.

Additionally, the 10 Day Moving-Average is ~8% away from crossing the 50 Day MA.

The share price is ~3% from testing the 50 Day MA, which will also help push the price level higher & add to positive momentum.

From a short-term perspective this looks great for EOLS, similarly from a longterm perspective their share price is well above their 200 Day Moving-Average.

For options traders, the $10 Calls have an attractive Delta of 0.759.

Additionally, their Theta is -0.026 for the 8/20 expiration date.

I’ll also be looking at the $12 puts with the same expiration, or the 9/17 expiration.

Overall, it appears that Evolus Inc. stock has more room to run both in the near-term & long-term & should be on any trader/investor’s radar for additional research.

*** I DO NOT OWN SHARES OF EOLS STOCK ***

Express Inc. EXPR Stock Analysis

Express Inc. stock trades under the ticker EXPR & is an apparel retail company.

EXPR stock closed at $5.14/share on 8/3/2021, with some short-term bullish signals traders may be interested in taking advantage of.

Express Inc EXPR Stock Technical Performance For The Last Year

EXPR Stock Price: $5.14

10 Day Moving-Average: $4.94

50 Day Moving-Average: $5.24

200 Day Moving-Average: $3.14

RSI: 51

MACD: -0.089

Yesterday EXPR completed a bullish MACD crossover, signalling an uptrend & bullish sentiment.

With a mid-range RSI, I’ll be watching the $5.50 resistance level, which should be tested within the coming days/week.

The price currently is testing the 50 Day Moving-Average, with the 10 Day MA lagging the 50 by ~6%.

Another thing of note regarding EXPR stock is that their earnings call is scheduled for 3 weeks from today, which may find traders trying to get in ahead of a potential beat.

From an options perspective, I like the $5 strike for the calls, as all of their August expiration dates have healthy Open Interest & Volume levels, despite the stock itself’s common share volume being lower than average for the year.

I also like the $5 puts, and may think to purchase both, using different price levels for different expiration dates based on how their price performs over the next couple of days.

From a long-term standpoint, Express Inc. stock doesn’t offer a dividend yield, and as we are at all-time highs I would wait to purchase shares as there is no cushion for investors in the event of a correction.

Overall, EXPR stock offers short-term traders some opportunity for profits, and is worth exploring introductory price levels for longer-term investors after a shakeout.

*** I DO NOT OWN SHARES OF EXPR STOCK ***

Box Inc. BOX Stock Analysis

Box Inc. stock is a cloud-based technology stock that trades under the ticker BOX.

BOX stock closed at $24.40/share on 8/2/2021, after showing recent technical strength & completing a bullish MACD crossover.

Short-term traders & long-term investors alike should have BOX stock on their radar as it looks poised to offer solid returns.

BOX Inc. BOX Stock Technical Performance For The Last Year

BOX Stock Price: $24.40

10 Day Moving-Average: $23.70

50 Day Moving-Average: $24.51

200 Day Moving-Average: $20.65

RSI: 52

Box Inc. is well above its 200 Day Moving-Average, with a 3% difference between their 10 Day & 50 Day MA’s, showing signs of more price momentum to come.

With an RSI that is relatively flat at 52, there also looks to be added bullishness in the near term.

From an options perspective, BOX $24 strike price looks the most appealing as it is currently at-the-money for calls.

The $25 puts look appealing, although there is much more bullish sentiment than bearish when you compare the open interest on either, as there are 5x the number of open contracts up the calls side vs. the puts.

Longer term investors should like BOX, as the cloud space continues to grow, and they are featured in a number of prominent ETFs.

Once BOX stock breaks beyond the $25 mark, there looks to be more room to run until they reach the $27 range, giving them a potential 10%+ upside with the current way momentum is moving them.

Overall, short-term traders & long-term investors alike should be taking a closer look at BOX stock for an opportunity for profits.

*** I DO NOT OWN SHARES OF BOX STOCK ***

Capri Holdings Ltd. CPRI Stock Analysis

Capri Holdings Ltd. stock experienced a 12.5%+ gap up on Friday 7/30/2021, closing the session at $56.31/share.

CPRI stock enjoyed the highest level of volume it has had in over a year as it completed a bullish MACD crossover.

Capri Holdings Ltd. is a luxury fashion company based out of London.

Capri Holdings Ltd. CPRI Stock Technical Performance For The Last Year

CPRI Stock Price: $56.31

10 Day Moving-Average: $50.45

50 Day Moving-Average: $53.45

200 Day Moving-Average: $45.48

RSI: 60

With an RSI of 60, CPRI stock does not show signs of being terribly overbought, giving it room to continue climbing in the near-term.

With CPRI’s 10 Day Moving-Average ~6% below the 50 Day MA, the momentum looks poised to continue pushing CPRI’s stock price higher in the short-to-mid term.

The $58 price level should be interesting from a resistance perspective, as the price has flirted with this level now a few times in the last 2 months.

From an options perspective, Capri Holdings Ltd. the $57 strike price is currently at-the-money as I type this, making it the best level to target (unless looking at the $56 & lower calls).

One thing of note is that CPRI has low open interest in its options, so traders will want to be sure they understand the risks associated with trading options in an illiquid market.

Longer-term focused investors may find CPRI’s P/E (ttm) of 5 & their P/B of 3 may be of interest, especially when combined with their almost 92% % Institutional Ownership.

Overall CPRI stock & options look to have appealing characteristics for both short & long term traders & investors & are worth taking a closer look at.

*** I DO NOT OWN SHARES OF CPRI STOCK ***

Hess Midstream Partners LP HESM Stock Analysis

Hess Midstream Partners LP stock trades under the ticker HESM & closed for trading at $25.45/share on 7/28/2021.

HESM stock has shown recent technical strength, with a bullish MACD crossover yesterday on a 9%+ gap up day.

Hess Midstream Partners LP HESM Stock Technical Performance Over The Last Year

HESM Stock Price: $25.45

10 Day Moving-Average: $23.55

50 Day Moving-Average: $25.00

200 Day Moving-Average: $21.25

RSI: 60.51

Hess Midstream Partners LP’s stock looks to have a bit of momentum driving it forward, as the 10 Day Moving-Average approaches the 50 Day MA.

Their RSI is a bit high at 60, but as they begin to establish a new range this will settle down & enable them to keep growing from a not being overbought standpoint.

If HESM is able to cross the $25.71 mark then there looks to be open room to run up to $26.50- low $27’s.

From an options perspective, the HESM calls & puts with the $25 strike price look most appealing, as the $30 calls are far out of the money and the $30 puts (8/20 expiration) have no open interest.

Recall that the less open interest, the less liquidity there is, making it more difficult to unload your position.

Short-term & long-term traders alike have good reason to be looking into HESM stock & options.

From a long-term hold perspective HESM offers a 6.99% Dividend Yield, providing a near 7% cushion annually for investors.

Overall, Hess Midstream Partners LP looks to be a great opportunity for near & long-term investors & traders and is worth considering in your research.

*** I DO NOT OWN SHARES OF HESM STOCK ***

Direxion Daily Aerospace & Defense Bull 3x DFEN ETF Analysis

DFEN is the ticker for the Direxion Daily Aerospace & Defense Bull 3x Shares ETF, which closed at $23.01/share on 7/27/2021.

DFEN is a 3x levered ETF, which means it seeks the returns of 300% of the Dow Jones US Select Aerospace & Defense Index.

It is important to note that the 300% anticipated returns on that index are for a single day, and not for longer-term periods.

Direxion Daily Aerospace & Defense Bull 3X Shares DFEN ETF Technical Performance For The Last Year

DFEN Stock Price:$23.01

10 Day Moving-Average: $22.11

50 Day Moving-Average: $24.08

200 Day Moving-Average: $19.11

RSI: 48

The DFEN ETF has been rebounding after a dip in early July, completing a bullish MACD crossover yesterday.

With an RSI of 48 this looks like the trend is on pace to continue higher, as the price finds itself near halfway between the 10 Day & 50 Day Moving-Averages.

Before purchasing DFEN or any other ETF (especially leveraged ones), always review the holdings in the prospectus to ensure that you have an understanding of what is going to be impacting the price.

In the case of DFEN, the top ten holdings in the ETF are: Boeing, Raytheon Technologies, Lockheed Martin, Teledyne Tech, L3 Harris Technologies, General Dynamics, Northrop Grumman, Transdigm Group, Textron & Howmet Aerospace (by %).

One interesting thing to note is that by sector the ETF is constructed of 97.7% Aerospace & Defense names, while also having 1.4% Machinery & ~1% Leisure Products components, which will impact performance on a given day.

DFEN is an interesting play for short-term oriented traders, especially those that want to get exposure to the Aerospace & Defense sector.

As a longer-term hold, it would be wiser to examine the basket of stocks that they own, and choose the best among them on an individual basis, so that you reduce the risks associated with owning a leveraged large basket of individual stocks.

I’m looking at the $24 call options with the 8/20 expiration date, and the same puts as well.

Overall, DFEN offers traders a great way to take advantage of short-term advances in the aerospace & defense sector and is worth considering adding to your portfolio.

*** I DO NOT OWN SHARES OF DFEN STOCK/ETF ***

IMV Inc. IMV Stock Analysis

IMV Inc. stock trades under the ticker IMV & is a Biotechnology company.

IMV stock closed at $2.05/share on 7/26/2021, after showing great technical strength over the prior 2 days.

IMV Inc. IMV Stock Technical Performance In The Last Year

IMV Stock Price: $2.05

10 Day Moving-Average: $1.63

50 Day Moving-Average: $2.16

200 Day Moving-Average: $3.05

RSI: 54.9

Yesterday, IMV stock completed a bullish MACD crossover after jumping ~26% during the day, following a ~18% increase the day prior.

With an RSI of ~55 there is still room for IMV Inc. to climb, although there may be a shake out period after back-to-back gap up days.

The volume of the last two days of trade show great momentum behind the changes in price, with shares trading at far higher volume levels than anytime in the last year.

IMV will need to clear the $2.15 price level to break the resistance of where it had been prior to early July before its heavy gap down on 7/15/21.

Once that has happened, I’m eyeing the $2.40/$2.50 price level where the High of yesterday’s prices was.

The filled green candle yesterday isn’t the best looking situation to be in, but after a ~49%+ jump in price there is some shaking out to be expected as it establishes a new range.

Unfortunately, the options for IMV are around that second level that I am eyeing for price, with the cheapest calls & puts available at $2.50.

I may eye the $2.50 calls, especially today as the price of IMV shares begins to drop a bit & settle down.

I’m also debating buying some shares outright as well, as looking at IMV’s delta that may offer similar (but not the same) reward with slightly less risk.

If there shares do go into the money at $2.50, that will be 25%+ profit, and selling them as calls will get a little extra money with the attached premium.

Either way, IMV is an interesting stock that traders should have their eyes on in the near-to-mid term.

*** I DO NOT OWN SHARES OF IMV STOCK ***