ZM Trade on Dec 6, 2019 12:30 from Cklamb: Tradervue User Stock Trades.

ZM
Intraday Fundamentals
• 4:24 PM EST, 12/05/2019 (MT Newswires) – Zoom Video Communications’ (ZM) adjusted EPS rose to $0.09 in Q3, outpacing analysts’ estimates of $0.03 in a Capital IQ poll, and up from $0.01 a year earlier. Revenue grew to $166.59 million from $90.12 million, also exceeding the $156.23 million estimate.
• For Q4, the company expects revenue of $175.0 million to $176.0 million and adjusted EPS of $0.07, against CIQ estimates of $0.04 for EPS on revenue of $166.65 million.
• For fiscal 2020, it now expects revenue between $609.0 and $610.0 million, from $587 million and $590 million previously, and adjusted EPS of $0.27, from $0.18 to $0.19, compared with CIQ consensus of $0.19 for EPS on revenue of $590.81 million.
• WTF down 7%
Technicals
ADV 2.54 m RVOL 1.32 ATR 2.77 Short 15.44% Inst Own 50%
Daily

Hourly

Intraday

Trading Strategy
• Long bias
• I think this should be up on that earnings. Not good enough I guess
• VWAP test and SMA momentum plays
• Look for a trend out side the opening range
Stats
Total gain/loss: $35.16 Largest gain: $16.45 (show)

Average daily gain/loss: $35.16 Largest loss: $-0.52 (show)

Average daily volume: 4700 Average per-share gain/loss: $0.01
Average winning trade: $8.92 Average trade gain/loss: $7.03
Average losing trade: $-0.52 Trade P&L standard deviation: $7.24
Total number of trades: 5 Profit factor: 68.61
Number of winning trades: 4 (80.0%) Average hold time (winning trades): 41 minutes
Number of losing trades: 1 (20.0%) Average hold time (losing trades): 11 minutes
Max consecutive wins: 3 (show)
Max consecutive losses: 1 (show)

Average position MFE: $7.43 Average position MAE: $-0.50

Reading the Tape
This tape had a good rhythm to it and stall on most reversals. It stayed positive most of the time that I played it as I was able to stay on the recent trend side.
Trade Management

Review Notes
• I came to this at the right time.
• I managed to stay on the side of strength on this even as it started to range between 63 and 63.50
• I played off 63.15 a few times as the tape and chart confirmed some support there
• I did see some change in the tape under 63 but, was hesitant to react
• There are two runs in here that following an SMA exit strategy would have yielded less trades without ever coming back at the entry