Once again, EEFT performed worse than PBY. It looks like the industry trend really matters despite a past and future prospect. I think it is bearish b/c the entire market (NASDAQ) is bearish. With its solid past and future prospect (market guide), it should be able to bound once the market becomes bullish again. I need to wait and see.
It looks like EEFT is going down faster than PBY. These two stocks have the same weakness in sto and MACD. Despite a better phase 2 score, EEFT is going down faster than PBY. The only reason is that it is in a worse industry (9.5%) than PBY (11.3%). Need to continue to observe drops in the few days to observe if PBY will catch up.
Both stocks' MACD is decreasing and sto is in red. While PBY has worse phase 2 performance than EEFT, Pep Boys is in a better industry group than EEFT. The industry group where PBY is in is uptrending, but the industry group where EEFT is in is going sideways. The stock's big chart is also dropping (from 69 to 56). It reflected the price drop. Pep Boys' big chart, however, is staying the same. Following is the breakdown:
It looks like AFCI is a great buy for put. The price rose for the past three days with lackluster volume. MACD and STO are decreasing. The phase 1 and phase 2 scores are pretty bad. Price should decrease further. I'm holding on buying the stock b/c I'm afraid it will rise before it starts to correct (to the low). One thing that I'd like to clarify is if it does arise, does it mean the bid and ask prices will become cheaper? Similarly, if it goes lower, the bid and ask prices will become more expensive? Let's take a look at the $17.5 strike price and see what it looks like tomorrow.
