On this 1 hour Candle chart, EZPW can be seen to have pulled back to a ST support level.
I drop/close (your preference) below $10.60 would signal that a fakeout/breakout (your choice)
is underway.
Earnings likely will be out around Election Day and actual results as well as guidance on the call regarding capital allocation and the pace of M&A could be a catalyst for a move higher. For that, switch the view to a 240 minute or daily chart.
My fundamental work (which is under a different "handle" on the Yahoo! Finance "Conversations" page for EZPW, shows the potential for a very substantially higher price for EZPW a couple of years out based on a recovery of the company's Net Income Margins to the 10%+ range (comparable to the LTM level for peer company FCFS) combined with modest 3% "same store" revenue growth, plus 7-12% annual growth from M&A using a combination of internally-generated cash flow and the proceeds from a recent asset sale.
Thus, my money is currently on the "fakeout" outcome, but of course, a market correction (election results, Fed action) would likely turn that into a "breakout" event.
I drop/close (your preference) below $10.60 would signal that a fakeout/breakout (your choice)
is underway.
Earnings likely will be out around Election Day and actual results as well as guidance on the call regarding capital allocation and the pace of M&A could be a catalyst for a move higher. For that, switch the view to a 240 minute or daily chart.
My fundamental work (which is under a different "handle" on the Yahoo! Finance "Conversations" page for EZPW, shows the potential for a very substantially higher price for EZPW a couple of years out based on a recovery of the company's Net Income Margins to the 10%+ range (comparable to the LTM level for peer company FCFS) combined with modest 3% "same store" revenue growth, plus 7-12% annual growth from M&A using a combination of internally-generated cash flow and the proceeds from a recent asset sale.
Thus, my money is currently on the "fakeout" outcome, but of course, a market correction (election results, Fed action) would likely turn that into a "breakout" event.