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CINCINNATI, Aug. 22, 2019 (GLOBE NEWSWIRE) -- LSI Industries Inc. (NASDAQ: LYTS, or the “Company”) a leading U.S. based manufacturer of indoor/outdoor lighting and graphics solutions, today announced results for the fiscal fourth quarter 2019. Fourth Quarter 2019 Su...
So it just tells me the stock went down for a technical reason, break of support. Everyone was watching the lows betting it would bounce when it didn't.
The clue that it wouldn't bounce was that the MACD indicator was below its zeroline and remained pointing down. Notice that the previous bounces started only when the MACD was pointing higher. Once the MACD started to point higher end of day close, then people would consider buying or doing covered calls with a close stop on the low right before it turned up.
Ideally with doing bullish covered calls I would consider that or even better have the MACD positive above 0 and starting to curl back down so the covered call is placed right when the chart is 'stalling' but still going to be in an uptrend. That way the position has the uptrend (macd>0) supporting it instead of a downtrend (macd<0) opposing it. And in that case if the macd crossed back down below 0 then I would close the covered call and find another. The trend changed as indicated by macd going negative and the price trend changed down.
Thanks for reply. What happened with this company? And, would you go so far as to say those conditions no longer exist? I thought I was buying the bottom and expect to try to risk a one contract covered call for my initial position.
I do not currently hold this stock, it tried to hold support around 8 and recently went through.
If I had to be required to hold this long term then I would consider buying some options puts to counter any drops. Otherwise I would simply close the position if it continues to go against me. Would keep a close eye on this chart, it appears bearish to me now, and would keep a foot outside the door so to speak.
bullish 11.51 good bullish long tail hammer like candle multi year contract win to install in 1000 gas stations long term breakout no near term resistance good green volume
## source: finance.yahoo.com
Mon, 09 Nov 2015 11:45:00 GMT ~ The Kroger Co. Awards LSI Industries Multi-Year LED Retrofit Business
[GlobeNewswire] - CINCINNATI, Nov. 09, 2015-- LSI Industries Inc. today announced that its energy-efficient LED lighting fixtures for gas station canopies have been chosen by The Kroger Co. in a multi-year lighting retrofit ...
Thu, 29 Oct 2015 10:45:00 GMT ~ LSI Industries Inc. Announces Appointment of Graphics Segment Sales and Marketing Corporate Vice President
[GlobeNewswire] - CINCINNATI, Oct. 29, 2015-- LSI Industries Inc. today announced the appointment of W.E. Mayo, Jr. to Corporate Vice President, Sales and Marketing of LSI's Graphics Segment. Mayo joins LSI with 16 years ...
Link: http://www.otcmarkets.com/stock/LYTS/company-info Ticker: $LYTS OTC Market Place: Not Available CIK code: 0000763532 Company name: LSI Industries, Inc. Company website: http://www.lsi-industries.com Incorporated In: OH, USA
$LYTS share structure
## source: otcmarkets.com
Market Value: $282,716,976 a/o Nov 13, 2015 Shares Outstanding: 24,562,726 a/o Oct 29, 2015 Float: Not Available Authorized Shares: Not Available Par Value: No Par Value
$LYTS extra dd links
Company name: LSI Industries, Inc. Company website: http://www.lsi-industries.com
LSI Industries Inc.
10000 Alliance Road
Cincinnati, OH 45242
United States
Phone: 513-793-3200
Website: http://www.lsi-industries.com
LSI Industries Inc. provides corporate visual image solutions in the United States, Canada, Australia, Latin America, Europe, and the Middle East. It operates through Lighting, Graphics, and Technology segments. The Lighting segment manufactures and markets outdoor and indoor lighting and lighting controls for the commercial, industrial, niche, and multi-site retail markets, including the petroleum/convenience store, quick-service, and automotive markets. It primarily offers exterior area, interior, canopy, and landscape lightings; and lighting controls, light poles, lighting analysis, and photometric layouts, as well as solid-state LED solutions. The Graphics segment manufactures and sells exterior and interior visual image elements used in graphics displays and visual image programs in various markets, including the petroleum/convenience store market and multi-site retail operations. It provides signage and canopy graphics, pump dispenser graphics, building fascia graphics, decals, interior signage and marketing graphics, aisle markers, wall mural graphics, fleet graphics, prototype program graphics, digital signage and media content management, and installation services for graphics products. The Technology segment designs, engineers, and manufactures electronic circuit boards, assemblies, lighting controls, and solid state LED video displays for use in OEM, transportation, commercial, industrial, entertainment, sports, and medical markets. LSI Industries Inc. was founded in 1976 and is headquartered in Cincinnati, Ohio.