In today’s Super Seasonal: Trade of the Week we will look at Copart Inc. (CPRT).
Copart, Inc. engages in the provision of online auctions and vehicle remarketing services.
Below are the stats on the seasonal pattern that the software uncovered…
Below is a look at the past 5-10 years…
Below is a look at the Cumulative Average move over the Past 10 years…
Histogram view of the past 10 years; % of Month in which the stock closed higher than it opened…
Price is currently at a level where it was rangebound in mid/late 2023, that area might hold, and some potential buyers might try to come in and support the stock into year end. Below is an 2 to 1 reward/risk example trade idea if a reader believed that this area might hold and attempt to push up over the next few months.
As you likely know, there are literally dozens of solid ways to approach trading Copart Inc. (CPRT) with a bullish bias.
The decision of how to best invest in the stock or trade the options is an individualized decision, unfortunately there is no one best way. Keep in mind that seasonality is about probabilities, not certainties.
Please remember to fully understand the risk before trading anything.
It’s recommended to do your own research and consider consulting with a financial advisor before investing in any stock or options trade.
To learn more about seasonal information on other solid opportunities, click here SuperSeasonals.
Trade Smart,
Chad Shirley
