Trading Plan for Jan-10-2020 KSS BBBY


Big Picture SPY:

SPY in an uptrend in the Daily Chart. All time high.

SPY On the 30-Min Chart, closest support at 327.14 – Possible reversal? S2 at 326.82

SPY on the 5-MIN chart – Closest support at 325.87 and S2 at 324.71 – Yesterday traded in a range.

Yesterday’s Range: 325.52 – 326.73

Intraday Fundamentals – BBBY:

Beta: 1.39

ATR: 0.90

R.Vol: 5.37

Avg. Vol: 8.04M

Current Volume: 40.960.224

Short Float: 48.95% – 120.12M

Short Outstanding: 128.53M

Institutional Ownership: 117.95

BBBY doesn´t look good on the weekly chart – It´s been trading in a range the last 12 months:

Resistance: 18.76

Support: 10.60

BBBY – Yesterday gapped down on elevated volume. Yesterday´s range: 13.31 – 14.90

BBBY – Most likely is going to find new support at S1: 12.73 or S2: 12.42

BBBY – On the 30-MIN Chart – In yesterdays session price dropped and held below VWAP. During after hours the price is holding above VWAP and Anchord VWAP.

Be aware of a reversal to the long side.

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