| pps | psar | macd | obv | h-a trend | ma20 | ma50 | ma200 | |||
|---|---|---|---|---|---|---|---|---|---|---|
| PIR $10.57 |
PIR has a spotty record this past year when it comes to earnings surprises and their price impact.
Out of four announcements, one has been a negative surprise, resulting in a price rise, one has been pretty much on the money, with little price impact, and two have been large positive surprises, one resulting in a price increase and the other in a fairly sharp price decline.
PIR has been trending upward since August. The company's financials qualify it as a growth stock, with a 38.3% return on equity and very little debt. Annual revenue has been on a steady rise.
On the Person's chart, the price is a bit more than halfway to the upper weekly pivot, meaning it has some room to rise before hitting the target.
Person's Table
| pps | pps open | upper pivot | lower pivot | |
|---|---|---|---|---|
| PIR $10.57 | $9.18 nov22 | $11.00 +4.1% | $9.67 -8.5 |
The price hit a swing high today, but it is far from the all-time high set in 2003. The stock is trading at levels last seen in 2006.
Reversal Levels
- $10.62, +0.5% (swing high)
- $10.57 --- You are here.
- $9.62, -9.0% (20-day moving average)
- $8.77, -17.0% (swing low)
So PIR presents a very mixed picture, with price, signals and fundamentals at war with earnings announcement history and the on-balance volume.
I don't normally focus on earnings per share, but with PIR I'll note that they tend to be all over the place. Revenues trend upward, but earnings per share are trendless.
The June earnings announcement also sounds a cautionary note. The pre-earnings consensus was a 1.7¢ loss, but earnings, announced before the open, actually came in with a 7¢ gain.
The price declined that day and for a week afterward, and 11 trading days later stood down 32.6% from the earnings day open.
For an earnings play, those facts make me very, very nervous.
So I'll be passing on PIR. I'll keep it on the Watchlist so I can assess the wisdom of my decision.
Disclaimer
Tim Bovee, Private Trader tracks the trades of a private trader for his own accounts. Nothing in this blog constitutes a recommendation to buy or sell stocks, options or any other financial instrument. The only purpose of this blog is to provide education and entertainment.
No trader is ever 100 percent successful in his or her trades. Trading in the stock and option markets is risky and uncertain. Each trader must make trading decision decisions for his or her own account, and take responsibility for the consequences.
Abbreviations:
- h-a trend - Heikin-Ashi trend.
- obv - On-Balance Volume.
- pps - Person's Proprietary Signal.
- psar - Parabolic Stop and Reverse
- ma20 - 20-day moving average
- ma50 - 50-day moving average
- ma200 - 200-day moving average
- macd - Moving Average Convergence-Divergence
About the glance: The colors indicate the state of each signal.
- Signal Section:
- pps, psar, macd: green for bull mode, red for bear.
- Confirmation Section:
- obv: green for uptrending, red for downtrending.
- h-a trend: green for uptrending, red for downtrending.
- Environment Section:
- ma20, ma50, ma200: green for above the average, red for below the average.
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