ZM
Intraday Fundamentals
• 4:24 PM EST, 12/05/2019 (MT Newswires) – Zoom Video Communications’ (ZM) adjusted EPS rose to $0.09 in Q3, outpacing analysts’ estimates of $0.03 in a Capital IQ poll, and up from $0.01 a year earlier. Revenue grew to $166.59 million from $90.12 million, also exceeding the $156.23 million estimate.
• For Q4, the company expects revenue of $175.0 million to $176.0 million and adjusted EPS of $0.07, against CIQ estimates of $0.04 for EPS on revenue of $166.65 million.
• For fiscal 2020, it now expects revenue between $609.0 and $610.0 million, from $587 million and $590 million previously, and adjusted EPS of $0.27, from $0.18 to $0.19, compared with CIQ consensus of $0.19 for EPS on revenue of $590.81 million.
• WTF down 7%
Technicals
ADV 2.54 m RVOL 1.32 ATR 2.77 Short 15.44% Inst Own 50%
Daily
Hourly
Intraday
Trading Strategy
• Long bias
• I think this should be up on that earnings. Not good enough I guess
• VWAP test and SMA momentum plays
• Look for a trend out side the opening range
Stats
Total gain/loss: $35.16 Largest gain: $16.45 (show)
Average daily gain/loss: $35.16 Largest loss: $-0.52 (show)
Average daily volume: 4700 Average per-share gain/loss: $0.01
Average winning trade: $8.92 Average trade gain/loss: $7.03
Average losing trade: $-0.52 Trade P&L standard deviation: $7.24
Total number of trades: 5 Profit factor: 68.61
Number of winning trades: 4 (80.0%) Average hold time (winning trades): 41 minutes
Number of losing trades: 1 (20.0%) Average hold time (losing trades): 11 minutes
Max consecutive wins: 3 (show)
Max consecutive losses: 1 (show)
Average position MFE: $7.43 Average position MAE: $-0.50
Reading the Tape
This tape had a good rhythm to it and stall on most reversals. It stayed positive most of the time that I played it as I was able to stay on the recent trend side.
Trade Management
Review Notes
• I came to this at the right time.
• I managed to stay on the side of strength on this even as it started to range between 63 and 63.50
• I played off 63.15 a few times as the tape and chart confirmed some support there
• I did see some change in the tape under 63 but, was hesitant to react
• There are two runs in here that following an SMA exit strategy would have yielded less trades without ever coming back at the entry
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2019-12-06 12:30:55 | ZM | buy | $63.020 | long |
2019-12-06 12:31:25 | ZM | sell | $63.047 | long |
2019-12-06 12:32:59 | ZM | sell | $63.080 | 0 |
2019-12-06 12:34:32 | ZM | buy | $63.060 | long |
2019-12-06 12:34:36 | ZM | sell | $63.084 | long |
2019-12-06 12:35:01 | ZM | sell | $63.079 | 0 |
2019-12-06 12:37:54 | ZM | buy | $63.137 | long |
2019-12-06 12:38:18 | ZM | sell | $63.135 | long |
2019-12-06 12:38:29 | ZM | sell | $63.100 | 0 |
2019-12-06 12:39:52 | ZM | buy | $63.075 | long |
2019-12-06 12:40:51 | ZM | sell | $63.107 | long |
2019-12-06 12:40:59 | ZM | sell | $63.100 | 0 |
2019-12-06 12:52:36 | ZM | buy | $63.276 | long |
2019-12-06 12:53:17 | ZM | sell | $63.260 | 0 |
2019-12-06 12:54:06 | ZM | buy | $63.224 | long |
2019-12-06 12:54:11 | ZM | sell | $63.225 | long |
2019-12-06 12:54:22 | ZM | sell | $63.240 | 0 |
2019-12-06 12:56:33 | ZM | buy | $63.247 | long |
2019-12-06 12:56:42 | ZM | sell | $63.258 | long |
2019-12-06 12:57:20 | ZM | sell | $63.301 | 0 |
2019-12-06 12:58:30 | ZM | buy | $63.308 | long |
2019-12-06 12:58:40 | ZM | sell | $63.330 | long |
2019-12-06 12:58:52 | ZM | sell | $63.264 | 0 |
2019-12-06 13:06:53 | ZM | buy | $63.140 | long |
2019-12-06 13:06:53 | ZM | buy | $63.140 | long |
2019-12-06 13:06:53 | ZM | buy | $63.140 | long |
2019-12-06 13:06:59 | ZM | sell | $63.198 | long |
2019-12-06 13:07:04 | ZM | sell | $63.202 | long |
2019-12-06 13:08:24 | ZM | sell | $63.180 | 0 |
2019-12-06 13:11:00 | ZM | buy | $63.340 | long |
2019-12-06 13:11:14 | ZM | sell | $63.368 | long |
2019-12-06 13:11:47 | ZM | sell | $63.350 | 0 |
2019-12-06 13:12:53 | ZM | buy | $63.345 | long |
2019-12-06 13:12:57 | ZM | sell | $63.359 | long |
2019-12-06 13:13:11 | ZM | sell | $63.360 | 0 |
2019-12-06 13:16:46 | ZM | buy | $63.307 | long |
2019-12-06 13:17:02 | ZM | sell | $63.330 | long |
2019-12-06 13:17:26 | ZM | sell | $63.339 | 0 |
2019-12-06 13:18:59 | ZM | buy | $63.370 | long |
2019-12-06 13:19:04 | ZM | sell | $63.378 | long |
2019-12-06 13:19:14 | ZM | sell | $63.450 | long |
2019-12-06 13:19:55 | ZM | sell | $63.420 | long |
2019-12-06 13:22:07 | ZM | sell | $63.569 | 0 |
2019-12-06 13:23:51 | ZM | buy | $63.480 | long |
2019-12-06 13:24:03 | ZM | sell | $63.470 | 0 |
2019-12-06 13:24:22 | ZM | buy | $63.520 | long |
2019-12-06 13:24:28 | ZM | sell | $63.515 | long |
2019-12-06 13:24:32 | ZM | sell | $63.515 | 0 |
2019-12-06 13:30:19 | ZM | buy | $63.193 | long |
2019-12-06 13:30:42 | ZM | sell | $63.235 | 0 |
2019-12-06 13:34:24 | ZM | buy | $63.125 | long |
2019-12-06 13:34:30 | ZM | sell | $63.132 | long |
2019-12-06 13:41:34 | ZM | sell | $63.310 | 0 |
2019-12-06 13:50:14 | ZM | buy | $63.426 | long |
2019-12-06 13:50:27 | ZM | sell | $63.430 | long |
2019-12-06 13:50:33 | ZM | sell | $63.425 | 0 |
2019-12-06 13:54:53 | ZM | buy | $63.445 | long |
2019-12-06 13:54:59 | ZM | sell | $63.446 | 0 |
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