DLTR Trade on May 28, 2020 09:40 from spyrosz: Tradervue User Stock Trades.

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spyrosz

 

Earnings Release:
-- EPS and rev. beat, rev. +8% Y/Y
-- comp. sales up 7% vs 5% consensus
-- gross margin down
-- low short float %, large instit. holding
-- Retailer that was lagging behind (compared to HD,TGT, WMT, LOW, etc.)

Nice gap-up (+9.5%) above the 200SMA@daily=$93.5 and major daily resistance S1=$95.3, and very strong premarket action.
Next resistance at R1=$100, air-pocket/window to R2=$106.

Plan as follows:
a) BULLISH as long as it holds above S1=$95.3. Not interested at all below that level.
b) (P)Earnings play
c) (S) Bullish Bias - Holding Support at S1=$95.3

Held above S1=$95.3 for at least 10-15min after open, with sellers failing to push it lower.

Entered long Tier 0, as it started holding higher risking below S1, added Tier I for the break of HOD=$97.8.

Profits on the way to R1=$100, best sell at $99.8.
Quick scalp at the pullback to VWAP, closed core when it broke below the m. average.

Nice trade.

image


Execution detail:

Date/time Symbol Side Price Position
2020-05-28 09:40:45 DLTR buy $96.516 long
2020-05-28 09:45:07 DLTR buy $96.790 long
2020-05-28 09:57:03 DLTR buy $97.470 long
2020-05-28 10:04:23 DLTR sell $98.490 long
2020-05-28 10:04:42 DLTR sell $98.840 long
2020-05-28 10:14:08 DLTR sell $99.720 long
2020-05-28 10:28:15 DLTR buy $97.810 long
2020-05-28 10:31:33 DLTR sell $98.700 long
2020-05-28 11:26:32 DLTR sell $97.250 0


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