Shared by
miesinberlin
TECHNICAL
Ticker: RFP
Exchange: XNYS
Previous Close: $12.70
Open: $13.02
Close:$14.79
Postmarket: $14.76
Premarket: $14.76
52wk High: $15.12
52wk Low: $1.34
Industry: Paper & Forest Products
Sector: Manufacturing
Market Cap: $1,176,462,000
Volume: 3,733,434
AvgV: 654,646
RVOL / Vol%:____5.70____570.30%
Gap%: 2.50%
ATR: $0.68
Short Float/Short Interest: 3.18%
Float: 49.38
VWAP: $14.41
BETA: 3.42
20-SMA: 37.70%
50-SMA: 48.80%
200-SMA: 136.80%
Insider Own: 38.89%
Institutional Own: 46.24%
CATALYST: Resolute Forest Products is estimated to be significantly overvalued by Gurufocus and expects a lower return in the future. This news came in at midday and I will use it to trade RFP in the coming days, but only if RVOL is there.
MARKET OVERVIEW - INDICES / ETF
DJI____34,200.67____0.48%____164.68
COMP____14,052.34____0.10%____13.58
INX____4,185.47____0.36%____15.05
SPY____417.26____0.33%____1.39
QQQ____342.01____0.12%____0.40
VIX____16.25____-1.93%____0.32
TRADE: Shorting based on tape momentum. I have started to notice held bids which help me cover.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2021-04-16 12:29:56 | RFP | sell | $14.690 | short |
| 2021-04-16 12:30:56 | RFP | buy | $14.740 | 0 |
| 2021-04-16 12:31:55 | RFP | sell | $14.670 | short |
| 2021-04-16 12:44:30 | RFP | buy | $14.570 | short |
| 2021-04-16 12:48:50 | RFP | sell | $14.650 | short |
| 2021-04-16 12:53:33 | RFP | buy | $14.450 | short |
| 2021-04-16 12:54:50 | RFP | buy | $14.470 | short |
| 2021-04-16 12:57:16 | RFP | sell | $14.480 | short |
| 2021-04-16 13:00:22 | RFP | buy | $14.610 | 0 |
| 2021-04-16 13:01:31 | RFP | sell | $14.640 | short |
| 2021-04-16 13:01:56 | RFP | sell | $14.600 | short |
| 2021-04-16 13:04:50 | RFP | buy | $14.580 | short |
| 2021-04-16 13:04:55 | RFP | buy | $14.580 | 0 |
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