Shared by
Cklamb
SJM
Intraday Fundamentals
• JM Smucker (NYSE:SJM) shares are trading lower after the company reported worse-than-expected first-quarter EPS and sales results. The company also cut fiscal year 2020 EPS guidance.
• JM Smucker reported quarterly earnings of $1.58 per share, which missed the analyst consensus estimate of $1.74 by 9.2%. This is a 11.24% decrease over earnings of $1.78 per share from the same period last year.
• The company reported quarterly sales of $1.779 billion, which missed the analyst consensus estimate of $1.87 billion by 4.87%. This is a 6.52% decrease over sales of $1.903 billion the same period last year.
• J. M. Smucker cut fiscal year 2020 EPS guidance from $8.45-$8.65 to $8.35-$8.55 versus the $8.47 estimate.
• "Our first quarter performance fell short of our expectations primarily due to the timing of shipments and deflationary pricing in the coffee and peanut butter categories, as well as competitive activity in the premium dog food category," said Mark Smucker, CEO of JM Smucker in a statement.
• JM Smucker shares were trading down 5.16% at $107.10 in Tuesday’s pre-market session. The stock has a 52-week high of $128.43 and a 52-week low of $91.32.
•
Technicals
ADV 870 k RVOL 1.39 ATR2.25 BETA .4 Short 6% Inst Own 81%
Daily
Hourly
Intraday
Trading strategy
Reading the Tape
I did not read the tape here. I was looking for a rejection of VWAP and took it soon as it broke it once and came back in. The spike after my entry was expected but the move above was more than I had expected and I still did not see the tape change on the fallout.
Trade Management
Trade Review
• This was not planned pre-market
• I am trying to take these VWAP as resistance and support holds or breaks as I see them
• This set up for a resistance hold play
• I did expect it to move past VWAP before turning
• I did not expect it to move that quickly and that strongly past this reduced my confidence a move back below 102
• I bailed as soon as this started moving back towards VWAP due to already taking on too much risk in this trade
• This is a set up that has edge if I can learn how to reduce the risk and figure out if I wait to take it after the break above or try to catch it if it rejects harder than this one did
Trade grade
Aspect Score Poss. Notes
Preparation 6 10 I was aware of the news making this stock strong into the opening and was looking for longs
Hard Work 6 10 I missed the tape read as I wanted to play the set up. Reading the tape may have gotten me a bit better entry, but it may have also kept me on the sideline looking for the “PERFECT “set up
Patience 5 10 See note above
Plan 7 10 Yeah… I bailed on the plan do to fear
Discipline 3 10 NO… I bailed on the plan due to fear
Contribution NA 10
Replay 0 10
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2019-08-27 10:42:20 | SJM | sell | $103.785 | short |
| 2019-08-27 10:52:19 | SJM | buy | $103.473 | 0 |
Comments
Cklamb
over9k
Yea, It's oddly, default, hidden. So we can't see your P&L per trade etc like you can.
You can change the setting by going Top right of the page>Username>Trade Settings>Include P&L information when sharing trades
Hope this helps!
Yea, I wish i could just hide this whole month away....... but September brings on a new earning season and hopefully some better follow through in the markets. Let's get ready for a clean finish to the year.
Looks like you changed the setting and I can see your trades now!
Have a good labor day weekend!
Leave a comment about this trade!
You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes
just a few seconds to sign up, and it's free!
Nice logical trade on SJM. I was chatting to a few people who took the VWAP trade with you, it was a tough trader that day. It's spread kept opening up so wide on all of the nice pushes until they either followed through or re traced.
Would love to see the size you are trading, if you enabled that feature. it'd be easier to understand the MFE and MAE on your trades!