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BJ's Wholesale Club Holdings, Inc.BB

BJ's Wholesale Club Holdings, Inc.

113.21USDR
+2.17+1.95%
Last update at 20:25 GMT
112.99USD
−0.22−0.19%
No tradesPost-marketLast update at 20:12 GMT
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BJ trade ideas

$BJ bullish outlook. The 'golden cross' of moving averagesAs of March 6, 2025, BJ's Wholesale Club Holdings Inc. (NYSE: BJ) is trading at approximately $110.46 per share. Moving Averages: The 50-day moving average is currently at $100.8, while the 200-day moving average is at $91.1. This 'golden cross' indicates a bullish trend, suggesting increased short-term momentum relative to the longer-term trend. Support and Resistance Levels: Key support is around $79.28, based on recent lows. The resistance level to monitor is $99.75, aligning with previous highs. Notably, the current trading price has surpassed this resistance, potentially indicating a breakout. Relative Strength Index (RSI): The RSI is at 63.4, indicating neutral conditions; the stock is neither overbought nor oversold. Moving Average Convergence Divergence (MACD): The MACD line is above the signal line, reflecting bullish momentum and the possibility of continued price appreciation. Recent Performance: BJ's Wholesale Club recently reported strong fourth-quarter earnings, with shares rising after providing a full-year outlook that met Wall Street's expectations. The company achieved the fastest growth in comparable-club sales in two years, driven by a 12th consecutive quarter of traffic growth, increased digital sales, and record-high membership numbers. Conclusion: The technical indicators for BJ's Wholesale Club Holdings Inc. suggest a bullish outlook. The 'golden cross' of moving averages, coupled with bullish MACD signals and recent strong performance, indicates potential for continued price appreciation. Investors should monitor these technical indicators alongside fundamental factors to assess the sustainability of this trend.
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by swingstocktraders
BJ's Wholesale Club Falls Short of Analyst ExpectationsBJ’s Wholesale Club (NYSE: NYSE:BJ ) faced scrutiny as it reported its Q4 FY2023 earnings, revealing revenue figures below analysts' estimates. Despite an 8.7% year-on-year revenue increase to $5.36 billion, the membership-only discount retailer failed to meet Wall Street's expectations, prompting questions about its future prospects. Key Highlights of NYSE:BJ 's Q4 FY2023 Report: - Revenue: $5.36 billion, missing analyst estimates by 0.7%. - EPS (non-GAAP): $1.11, surpassing analyst estimates by 4.6%. - EPS (non-GAAP) guidance for 2024: $3.88, below analyst estimates of $3.99. - Free Cash Flow: $155.2 million, up 83.2% year-on-year. - Gross Margin (GAAP): 18%, down from 18.3% in the same quarter last year. - Same-Store Sales: Up 0.5% year-on-year. - Store Locations: 244 at quarter end, increasing by 9 over the last 12 months. - Market Capitalization: $9.62 billion. Analysis: BJ's Chairman and CEO, Bob Eddy, expressed optimism despite the earnings miss, highlighting a strong end to fiscal 2023. However, the company's performance raises concerns about its ability to sustain growth in the competitive retail landscape. As a large-format grocery and general merchandise retailer, NYSE:BJ 's leverages economies of scale to offer competitive prices to its membership base. With an annualized revenue growth rate of 10.9% over the last four years, NYSE:BJ 's has demonstrated steady expansion. However, this quarter's revenue miss indicates a potential slowdown, with Wall Street projecting a modest 2.8% sales growth over the next year. Same-store sales growth: Same-store sales growth, a key performance indicator for retailers, remained flat in the latest quarter, signaling a deceleration from previous periods. While BJ's continues to expand its physical footprint, maintaining positive same-store sales growth is crucial for sustained success. Conclusion: Investors are evaluating BJ's Q4 results amid mixed signals. While the company exceeded EPS expectations, its full-year earnings forecast fell short. The market responded with a 2.5% decline and currently trading at $72.15 per share. Looking ahead, stakeholders must assess BJ's ability to address the challenges posed by evolving consumer preferences and intensifying competition. While the company's solid fundamentals and growth prospects may still appeal to investors, uncertainties surrounding future performance warrant cautious consideration. In conclusion, BJ's Wholesale Club's Q4 earnings report highlights both achievements and areas for improvement. As investors weigh the company's performance against market expectations, the question remains: Is now the time to buy BJ's? The answer lies in a thorough examination of its strategic initiatives and ability to adapt to changing market dynamics.
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by DEXWireNews
1
Is $BJ ready to push higher?Notes: * Strong up trend on the higher time frames * Great earnings track record * Basing for the past ~3 months * Forming a cup and handle with the base ~14% deep and a flat handle * Formed a bullish engulfing candle a couple of days ago * Now it's flashing an early entry along with a pocket pivot Technicals: Sector: Consumer Defensive - Discount Stores Relative Strength vs. Sector: 4.8 Relative Strength vs. SP500: 2.23 U/D Ratio: 1.03 Base Depth: 13.97% Distance from breakout buy point: -1.6% Volume 15.02% above its 15 day avg. Trade idea: * You can enter now as the price is close to its 50 EMA * It's also breaking above the resistance area of ~77.5 with volume * If you're looking for a better entry you may be able to catch it around $76.1 as that should hold as support going forward.
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by HaseebKhan_90
Crooked W//1.414This was looking like a bearish Crab, but for now price has stopped short of the 1.618 which is where the last leg of the Crab should land. I have been seeing many Ws that are ending at the 1.414 so I added it to my fib table. I do not know if it will stop here and have searched for the name of the pattern without success. This could proceed to the 1.618 but the other 3 I have spotted with this W, did not proceed past the 1.414 as of yet. The others turned down at this point and did not return to go to the 1.618 as of yet. Pocket pivots noted at the support level. The longer term moving averages still look good which is unusual as of late. Extension pattern and BJs beat earnings and has enjoyed a long leg up. I am not sure if this will go down in sympathy with other retailers. Costco has earnings on 9-22 AMC. Analysts have raised the target for Costco to beat which is unusual as of late. It is almost $1 over last quarters estimate. Most Earnings I have looked at have been lowered since last quarter. No recommendation/Watching for now.
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by lauralea
$BJ ready to move higher from here?Notes: * Very strong up trend on all time frames * Great earnings track record * Forming a double bottom base for the past ~8months * It seems like this recent gap down may be forming a handle to the double bottom base * It needs to hold above $66.35 as support in order to stay bullish Technicals: Sector: Consumer Defensive - Discount Stores Relative Strength vs. Sector: 1.11 Relative Strength vs. SP500: 1.11 U/D Ratio: 2.08 Base Depth: 41.69% Distance from breakout buy point: -8.68% Volume 5.8% above its 15 day avg. Trade Idea: * You can enter now as it's showing demand around its 50 day line with higher than average volume * If you're looking for a better entry you can look for one around the $66.35 area as that does seem like an area of support * This stock usually has local tops when the price closes around 10.68% above its 50 EMA * Consider selling into strength if the price closes 10.48% to 10.88% (or higher) above its 50 EMA * The last closing price is 4.3% away from its 50 EMA
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by HaseebKhan_90
Earnings watch 5/19Earnings watch 5/19: GOGL LSPD GOOS ROST AMAT DECK BJ PANW KSS PLCE Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends... *3x lucky 7s of trading* 7pt Trading compass: Price action, entry/exit Volume average/direction Trend, patterns, momentum Newsworthy current events Revenue Earnings Balance sheet 7 Common mistakes: +5% portfolio trades, capital risk management Beware of analyst's motives Emotions & Opinions FOMO : bad timing, the market is ruthless, be shrewd Lack of planning & discipline Forgetting restraint Obdurate repetitive errors, no adaptation 7 Important tools: Trading View app!, Brokerage UI Accurate indicators & settings Wide screen monitor/s Trading log (pencil & graph paper) Big, organized desk Reading books, playing chess Sorted watch-list Checkout my indicators: Fibonacci VIP - volume Fibonacci MA7 - price pi RSI - trend momentum TTC - trend channel AlertiT - notification tickerTracker - MFI Oscillator www.tradingview.com
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by Options360
$BJ / Long through a Low CheatScan Criteria Does this stock meet my 8 point scan criteria? Yes Structural Checklist 1. Can one my proven price patterns be identified? Yes, a Low Cheat 2. Is the 50D SMA trending up? Yes 3. Has price moved >20% since its last consolidation? Yes 4. Is the weekly RS above its Zero Line? Yes 5. Does price action suggest the stock is consolidating / digesting the recent price move? Yes 6. Is the price consolidation longer > 20 days? Yes 7. Has price volatility contracted from left to right? Yes, seen in multiple tight zones in right half of base 8. Has volume volatility contracted from left to right? Yes, although Xmas - NY week exaggerates this 9. Are there visible signs of demand within the base? Yes 10. Are there visible signs supply has been absorbed? Yes, although would like it to be clearer Pivot Buy Point (Last 3 Bars) 1. Is there a visible Tight Zone? Yes 2. Have there been 3 Tight Closes?No 3. Has there been a 3 bar constructive correction? No 4. Is there a Bullish Inside Bar? No AND 1. Has volume dropped dramatically? Yes 2. Can risk be managed under 8% in one of 3 ways? Yes Other Notes 1. None Scan Score (Minimum 8/8) All Trading Dirty stocks have a Scan Score of 8 Structural Score (Minimum 7/10) 8.5 Entry Score (Minimum 1/4 then 2/2) 3
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by TradingDirty