$CARS.com Trade Setup Potential entry on break above recent high @ $10
Upside targets $11 to previous pivot point
CARS trade ideas
$CARS Cars.Com Parked on Support
After huge move post earnings, the stock has consolidated and possibly found support
on the 200ma and horizontal support.
Will be looking for potential bounce to the $10.00 region where the Fibonacci GP has held as resistance previously.
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The potential for CARS.ComWe are looking for entry at retest $8.25 (limit buy)
1) This condition would be met if Stochastic is trending back upwards (buying the pullback on an uptrend)
2) Good bull volume, after consolidation; something compelling to make the move
Stop Loss $7.66
Target Sell price TIER 1 - $11.12 34% winner!
Target Sell price TIER 2 - $13.49 63.5% Winner!
*Let's see what happens*
DISCLAIMER - I am not a professional trader. These are merely my thoughts and possible moves; i enjoy watching these stocks validate my process or slap me across the face lol. If you are in need of professional assistance with your trades, don't look here. I am not that guy.
Aug 4, 20 - CARS Stock - Wyckoff chart Reading by sand tradingAug 4, 20 - CARS Stock - Wyckoff chart Reading by sand trading
$CARS Drive higher to $7.00
Possible entry level on break above 50&100ma's @ approx $6.15
Potential upside target $7.00
Higher lowsIt broke old support making a higher low, now this old support becomes resistance. I am not sure if it has the strength to push through this new level...
+100% Again!?! CARS 7/17 @7.5c We got into a NYSE:CARS call on the 1st and sold last week for some nice gains.
We bought the dip and are back in the game!
CARS 7/17 @7.5 Call - People will rent instead of flyWe got into a call for NYSE:CARS on 5/29.
Looking to lock in some profits at $6.60
Risky long trade on Analysts upgrade.In a report issued on September 13, Lee Krowl from B.Riley FBR maintained a Buy rating on Cars.com, Inc., with a price target of $18. The company’s shares closed last Monday at $10.94, close to its 52-week low of $8.23.
Krowl said:
“We believe the good initial uptake of the DI product across CARS’ existing customer base since the acquisition in 2018, coupled with the enhanced product offerings such as Social and Conversations, positions DI well relative to the three other approved site vendors. In terms of implications, we note that given the sales process of about 4-6 months for the DI product, revenue contribution is likely to be modest in 2019, and more of a driver in 2020.”
According to TipRanks.com, Krowl is a 5-star analyst with an average return of 37.7% and a 77.3% success rate. Krowl covers the Technology sector, focusing on stocks such as Digital Turbine Inc, Limelight Networks, and Rubicon Project.
Currently, the analyst consensus on Cars.com, Inc. is a Hold with an average price target of $15.13.
Source Smarter Analyst
AVERAGE ANALYSTS PRICE TARGET $
AVERAGE ANALYSTS RECOMMENDATION
P/R RATIO 80
SHORT INTEREST 18%
COMPANY PROFILE
Cars.com, Inc. engages in the provision of automotive products and services through online automotive classifieds. It offers a digital automotive marketplace search engine, which connects buyers and sellers. It also sells online subscription advertising products to car dealerships. The company was founded by Mitch Golub, William Swislow, and Alex Vetter in 1998 and is headquartered in Chicago, IL.
CARS is Going Down ! CARS has volume and its good negative earnings play. Good for a trade, the Daily chart as you can see is extremely weak, it has gone below the all time lows of around 18. Its currently trading at around 12 and has a decent premarket volume, based on the daily chart I would like to go Short on it once it gives a pullback opportunity to get an entry. The overall market is also showing weakness after continued tension between the U.S and China which may add momentum to a downward spiral.
$CARS Positive trading in CARS, Has it found a bottom? Despite posting a loss in the quarter the stock has traded very well today on what has been a difficult session. They main loss was attributed to a decline in dealerships but the company is very upbeat about the drastically improved brand awareness. We think there is a good case for taking a long position above $22.50
Cars.com Inc. (CARS) on Friday reported a first-quarter loss of $9 million, after reporting a profit in the same period a year earlier.
The online automotive marketplace posted revenue of $154.2 million in the period, which topped Street forecasts, analysts expected $152.4 million.
*****NICE BREAKDOWN SETUP*****NYSE:CARS Short Below Yesterday's low of 25.70 or below declining daily VWAP, whichever makes more sense depending on the price action.
CARS Long Swing Trade PredictionsIt currently looks like CARS is going to continue its positive momentum. Stochastic shows the security is extremely oversold and continues to achieve higher prices thanks to the trend indicated by the Aroon indicator signalling a continuing trend. Profit target is set for as close to $27 as possible, but if the tides turn, I'll still be in a position to close the position with minimal loss. S/L $26
Bullish setup with limited risk and high potential!NYSE:CARS is showing a lot of strength. If it tests the resistance, pulls back and goes back up, just like drawn on the chart, then buy as a swing trade above 25.50, with a stop at 24.90; however, if the stock gaps up at the open or breaks through the resistance without any pullback, then I wouldn't chase it.
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Please note that this information is not a recommendation to buy or sell. It is to be used for educational purposes only.
CARS longCARS forming right side to IPO base with volatility contracting. Pocket pivot 03/10/2017. New highs above 29.50.
