The ISLE (Isle Of Capris Casinos) Active Short Trade was bought out by ERI (El Dorado HoldCo LLC), the only other Active Short Trade in the Casino & Resort sector. As such, this trade will be officially closed out at the buy-out price of 23.00, providing a quick (2 week) gain of 11.8% on this trade. Original & updated daily charts: You can click here to view the details of the acquisition. Eldorado’s bid calls for the Reno, Nevada, casino operator to pay $23 a share in cash or 1.638 shares of Eldorado common stock, as elected by each [...]
ISLE (Isle Of Capris Casinos) gapped down below T1 to open at 23.30 today, where any standing BTC limit orders set at T1 would have been filled for a 10.7% profit in just 9 trading session since the short entry. As with all trade ideas on RSOTC, when a short trade gaps down beyond a price target or above a stop loss order (and ditto with long trades gapping beyond price targets & below stops), the opening price is then used to calculate the gain or loss on that trade as any standing BTC limit or stop-loss orders on short trades [...]
The following chart & notes is an update to the ISLE, Isle Of Capris Casinos, trade idea as well as some general trading tips regarding earnings season & sector diversification.
The following notes & charts outline the entry criterion, price targets, suggested stop & beta-adjusted position size for a swing trade on ISLE, Isle of Capri Casinos.
This video starts with analysis on gold, silver, platinum & GDX, followed by coverage of the US stock market (via SPY, QQQ & IWM) various sectors & some of the recent trade ideas posted on Right Side Of The Chart.
ISLE (Isle Of Capris Casinos) is a casino stock that looks poised to to fall anywhere from 10% - 30% following the recent overbought, divergent high & will likely be added as an official trade idea soon. Should ISLE be added as an official short trade, price targets & a suggested stop-loss level(s) will follow. In addition to the overbought reading & divergent high on the daily time frame, ISLE is also coming off weekly overbought readings that have preceded 40% - 73% corrections in the past but a weekly divergent high (negative divergence) to boot. The most likely entry [...]
This video takes in-depth look at some of my favorite trade setups in the Resorts & Casino industry, outlining key technicals charts patterns, support & resistance levels, trendlines, price targets & more. Several of these resort and/or casino stocks appear poised for a drop as much as 50% or more from current levels. The charts of the following companies are reviewed in this order: LVS, MGM, WYNN, MTN, BYD, CACQ, ISLE, ERI, MCRI & GDEN.