JUMP REPORT
EARNINGS REPORTING TARGET / Trajectory Analysis Study
This stock has been chosen as a JUMP candidate for its upcoming earnings catalyst that is likely to move the stock between 5-20% post release. To conduct further research on the financials, analyst views and pivot points visit the Inside Mole research tool. This report is based on our analysis and opinions and the trade plan is how we intend to trade this event. As a self-directed trader you may decide to take a different approach to this event. For details on how we trade these events watch the video below.
UPDATED: May 2, 2018
FIT
Target: FIRBIT, Inc. (FIT)
Earnings Release Date: 5/02/18 (After Market Close)
Position Entry Time: (at or near EOD-end of day)
FITBIT Inc. (FIT) will be posting its FQ1-18 quarterly earnings results today at close. [FIT] is expected to post earnings of $-.20 per share on revenue of 246 Million. In the last quarter, the company reported $-.02 earnings per share MISSING the analysts’ consensus estimate of $.0
Last 3 Quarters: “Jump Zone” Move: -12.27%, -4.48%, 15.18%
Consensus Estimates: ($-.18 whisper) ($-.18 estimize) ($-.20 wall street)
(** always check in the trade room 30 minutes prior to close for last minute trajectory updates
1 YEAR CHART (For latest news and analysis visit The Insider Mole research tool)
OUR TRADE PLAN: SHORT
ANALYSIS: StockJumpers trajectory analysis reveals weakness in the release and the optimun move is to sell. We worked this one assuming they are releasing positive news and a tunaround with a potential “buyer in the wings” that would make this stock soar once again. We are not seeing this…and with think guidance may look weaker than expected. This is a tough play and may whipsaw badly, so will exercise caution.
We are overall SHORT for the event, and may do a conservative trade allocation and then go all in when we see the release numbers
(Note: This is an after-market release – today)
TARGET ‘JUMP ZONE’ POTENTIAL: 12-15%
CONFIDENCE RANKING: 8
POTENTIAL OPTIONS CONTRACT: NONE
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How We Find and Trade These Events
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