jaxdog

$LESL Cup with Handle Break-Out?

Long
jaxdog Updated   
NASDAQ:LESL   Leslie's, Inc.
$LESL Was brought to my attention on investors.com. It was featured as stock of the day on May 2 and is expected to far well post pandemic due to the large number of pools built during the lock-downs. Leslie Pools have been in business for over 50 years and have a solid track record. Since this was not on my radar I missed what I like to use as an early entry breaking the downtrend line on the handle of the cup. I now have an alert set at $30.03 as it moves (if it does) above a recent high in the handle. Proper entry would be the top of the cup as it breaks-out. Ideas, not investing / trading advice.

from earningswhispers.com

May 5
Leslie's Beats

Leslie's (LESL) reported a 2nd Quarter March 2021 loss of $0.02 per share on revenue of $192.4 million. The consensus estimate was a loss of $0.10 per share on revenue of $148.7 million. The Earnings Whisper number was for a loss of $0.08 per share.

The company said it expects fiscal 2021 earnings of $0.65 to $0.70 per share on revenue of $1.25 billion to $1.27 billion. The company's previous guidance was earnings of $0.55 to $0.60 per share on revenue of $1.175 billion to $1.195 billion and the current consensus earnings estimate is $0.59 per share on revenue of $1.19 billion for the year ending September 30, 2021.
Trade active:
6/3 Opened a 1/2 position at $30.27. My stop will be a solid close below the 21 EMA. I'll look to add on a break of the cup high. All TBD

Ideas I publish are my own. They are not meant to be investment / trading advice. You are encouraged to do your own due diligence.

I may or may not take any trade published and I am under no obligation to post any action or update to any idea.
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