Post-print trend and the best-acting name in the complex: above 20d and 50d, >1x relative volume, Discover synergies, $6.69 vs $5.45. Long 200.70-202.60, stop 198.70, 208.45 then 211.49. No chase over 205.50.
COF — post-print trend, above both averages
203.44 above 20d 201.15 and 50d 203.10; $6.69 vs $5.45; the only name in the complex averaging >1x relative volume
The long I'm watching, not the long I own. 203.44 back above the 20-day at 201.15 with volume dried to 0.70x under a 50-day at 205.41 — Q3 beat at $6.69 versus $5.50 plus $1.8B of Discover synergies. Reclaim 205.41 on 1.2x and I buy weekly calls, stop 201.15; close under 199.30 and it's the first victim of the consumer-credit scare.
COF — earnings beat handed back, coiling under 205.41
Back above the 20-day at 201.15; volume dried to 0.70x. Reclaim 205.41 on 1.2x and I take the calls
Second tranche earned. 203.44 is the first close above the 50-day at 203.10, with a rising 20-day at 201.15, a rising 200-day at 199.94 and lows stepping 199.28 to 201.28 to 201.52. 0.70x volume keeps the size small; third tranche over 207.10, back to pilot under 203.10, out under 198.30.
COF — first close above the 50-day at 203.44
Rising 20-day 201.15 and rising 200-day 199.94; second tranche taken on the 203.20 close but only 0.70x
Prior-day high 204.98 / low 201.52.
COF — Prior-Day High/Low
PDH 204.98 / PDL 201.52 (watching for a break-and-retest of either level)
3 confirmed key-level zone(s) near 203.44: [202.11-203.60], [197.26-199.46], [192.74-194.42].
COF — Confirmed Key-Level Zones
3 cross-timeframe-confirmed zone(s) near 203.44