Actionable news
All posts from Actionable news
Actionable news in BLMN: Bloomin' Brands, Inc.,

Barbarian At The Gate: Bloomin Brands (BLMN)

Trade-Ideas LLC identified Bloomin Brands ( BLMN) as a "barbarian at the gate" (strong stocks crossing above resistance with today's range greater than 200%) candidate. In addition to specific proprietary factors, Trade-Ideas identified Bloomin Brands as such a stock due to the following factors:

  • BLMN has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $26.9 million.
  • BLMN has traded 210,205 shares today.
  • BLMN traded in a range 208.7% of the normal price range with a price range of $0.93.
  • BLMN traded above its daily resistance level (quality: 181 days, meaning that the stock is crossing a resistance level set by the last 181 calendar days. The resistance price is defined by the Price - $0.01 at the time of the signal).

Stocks matching the 'Barbarian at the Gate' criteria are worthwhile stocks to watch for a variety of factors including historical back testing and volatility. Trade-Ideas targets these opportunities because the stock is exhibiting an unusual behavior while displaying positive price action. In this case, the stock crossed an important inflection point; namely, 'resistance' while at the same time the range of the stock's movement in price is more...