Driven Brands Holdings Inc. (NASDAQ:DRVN)
Old Forum Content for DRVN
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DAN: $DRVN -- A few thoughts:
1. That "bearish wedge" I was pointing out did resolve. It's important to study this pattern because it occurs often enough to be profitable. Converging higher highs/lows typically break down and give you a good ... -
DAN: ...
I have a few thoughts on Driven Brands ($DRVN), which was stopped out a few days ago for basically a flat trade (lost 12 cents).
First, the "bearish wedge" I was pointing out did resolve. It's important to study this pattern because it ... - champ: @DAN $DLTR $SPY $DIA $IYT $MDY $IWM $QQQ $FFTY $DQ $CF $OXY $SSO $QLD $NOG $DRVN $RTX $CLR $SLB $MRO $NVDA $OBE $APA $HAL $PFE $MRNA $AZN $PTON........Yes sir, you said that correctly and that is exactly what I'm always thinking.........."by the Time we see it on the chart, it's #Old News"........... .......working #Pre set-ups is always important........ Monday will be a very important Day for the Markets and actually for all of next week, could either be more Sellers or Buyers, buying the dip, however the odds are, or the guess is, the Markets will probably drop lower, for a few more days and stock Pickers will also be at Work......Good Luck to All.....
- marklesparkle: @DAN $DRVN NP Dan I'm having a hard time picturing your bearish wedge explanation looking at the daily chart. Sometime can you plain please. I think its the megaphone metaphor on that particular security daily chart? Thanks for all everybody does
- DAN: @marklesparkle $DRVN I'll cover it in this afternoon's Strategy Session.
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DAN: ...
$DRVN -- Closed at 32.14 for micro-profit.
$RTX -- Big move on Thursday. Back above the 95.51 entry. Stop placement on this was good -- allowed for volatility within a defined price pattern. Stop still at 91.30. Big reversal today, on very low vo ... - jonwest88: @DAN $DLTR $SPY $DIA $IYT $MDY $IWM $QQQ $FFTY $DQ $CF $OXY $SSO $QLD $NOG $DRVN $RTX $CLR $SLB $MRO $NVDA $OBE $APA $HAL $PFE $MRNA $AZN $PTON When were the stop on $QLD changed as you show above? When was $DRVN changed to sell to close above $32? Cannot find them anywhere except here late in the day
- vcondry: @jonwest88 $DLTR $SPY $DIA $IYT $MDY $IWM $QQQ $FFTY $DQ $CF $OXY $SSO $QLD $NOG $DRVN $RTX $CLR $SLB $MRO $NVDA $OBE $APA $HAL $PFE $MRNA $AZN $PTON Morning market update at 9:18 am via email EDIT : was emailed but he forgot to post in the forum. when it rains it pours...hope your day is less worse than mine :-)
- jonwest88: @vcondry $DLTR $SPY $DIA $IYT $MDY $IWM $QQQ $FFTY $DQ $CF $OXY $SSO $QLD $NOG $DRVN $RTX $CLR $SLB $MRO $NVDA $OBE $APA $HAL $PFE $MRNA $AZN $PTON Yeah I searched for them here. Silly me. Did not get update until later.
- DAN: @jonwest88 $DLTR $SPY $DIA $IYT $MDY $IWM $QQQ $FFTY $DQ $CF $OXY $SSO $QLD $NOG $DRVN $RTX $CLR $SLB $MRO $NVDA $OBE $APA $HAL $PFE $MRNA $AZN $PTON Did you watch all of my videos?
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DAN: @jonwest88 $DLTR $SPY $DIA $IYT $MDY $IWM $QQQ $FFTY $DQ $CF $OXY $SSO $QLD $NOG $DRVN $RTX $CLR $SLB $MRO $NVDA $OBE $APA $HAL $PFE $MRNA $AZN $PTON
Here is the email that I sent out this morning:
Morning Market Update
Good morning. Futures are p ... -
DAN: ...
$DRVN -- Raised from 31.12 to 31.90 (I am concerned about this position due to the price action. The stock is nearing a $34 ceiling and looks like it's due for a pullback. With very little cushion in this position (basis: 32.02 and up just 2.37%), I ... -
DAN: ...
$DRVN - Basis: 32.02 Prior stop at 30.50. RAISE TO 31.12 Alert $31.12 AND 32.00
$CLR - Basis 70.05 Stop was: 65.10. RAISE TO 66.40. Watch 67.70. This needs to hold. Alert $67.70
$NOG - Basis: 31.45 Stop: 29.50. Alert $29.50 AND 31.45
$OXY - ... - Nepenthe: @DAN $PTON $SPY $DIA $IWM $MDY $QQQ $RTX $DRVN $CLR $NOG $OXY $OBE $APA $HAL $SLB $MRO $QLD $SSO $SFIX $ARKK $LNTH $XBI $NVDA A little confusion on $RTX. Monday you said you "wouldn't buy a position here" (it broke below your newly imposed stop of 92.75) and then later said you'd "be out of the stock" as earnings were next week (I have them as of 7/26). Now you note the original stop price and cost basis as if the trade were still on. Maybe you'll clarify in the video. I got out but I'm still eyeing it for another entry, if it presents one. Cheers.
- vincenzo: @natural $DRVN Up almost 5% pre-mkt
- natural: $DRVN IBD tells me that it's just above a cup-and-handle entry at $32.62. One of @Dan active trade list stocks, and acting pretty well on a red day.
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DAN: ...
This leaves just five stocks on the list: $ANET $RTX $DRVN $CLR and $NOG.
All things considered, this has been a pretty good week for us. $SFIX was a monster trade. And if you are still tracking the stock you will see that our exit was graceful an ... - natural: $DRVN working it's way out of the cup-and-handle @Dan noted. Looks like a good one.
- RD: $DRVN Working well today.
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DAN: ...
$DRVN -- Still working. No real supply overhead.
$SFIX -- Caught this pretty good -- a bit of a chase -- and sold on the way up, with the last exit on a pullback. Learn from this. NEVER get greedy. IF you start counting your money, you are greedy. ... - setshot: $DRVN - Looks like clear sky above this one, which just started to move
- vcondry: @setshot $DRVN @dan got us another winner
- fishing777: @setshot $DRVN prior high is 34,62
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DAN: ...
$DRVN -- from 29.90 to 30.50
$ANET - from 118.80 to 122.74
$DQ - from 61.80 to 62.50
$IWM - from 190.00 to 195.50
$QLD - from 51.40 to 54.90
$RBLX -- from 42.65 to 44.90
$SSO - from 53.80 to 55.20
$RTX - still at 90.90
You can always check t ... -
DAN: ...
$DRVN -- Consolidating here. Not likely to break higher from here. This needs to rest.
$QLD -- Still working. Up 24%. I’d be taking some profits here. The market
$DQ -- Testing the 50-day MA. This is stalling here. Not being stopped out ... - DAN: Stop Adjustments on Select Stocks on ATL $DRVN -- from 29.90 to 30.50 $ANET - from 118.80 to 122.74 $DQ - from 61.80 to 62.50 $IWM - from 190.00 to 195.50 $QLD - from 51.40 to 54.90 $RBLX -- from 42.65 to 44.90 $SSO - from 53.80 to 55.20 You can always check the status of the list here: https://stockmarketmentor.com/active-trades-list/ --Dan
- DAN: Adding $DRVN to the Active Trade List. Basis: 32.02 Stop: 29.90 Looks close to breaking out of a low handle within a larger cup & handle pattern. --Dan
- Yuls: $DRVN trying to break out of down trend
- Yuls: $DRVN nice volume spike
- Bert953: @Yuls $DRVN You certainly come up with some good IPO's. I will check later if this an EV play. Keep em coming.
- Yuls: Some IPOs to keep an eye on $AI $AFRM $DRVN
Stock Price | $16.69 |
Change | 3.66% |
Volume | 585,958 |
Driven Brands Holdings Inc is an automotive services company. The company provides an extensive range of core consumer and commercial automotive needs, including paint, collision, glass, vehicle repair, oil change, maintenance and car wash.
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