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ChristopherCarrollSmith

MBUU upside breakout possible

Long
Malibu Boats, Inc. (NASDAQ:MBUU)  
ChristopherCarrollSmith Updated   
NASDAQ:MBUU   Malibu Boats, Inc.
Parallel Channel Fundamental Analysis manufacturing vehicles recreational Stocks channelbreak
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parallelchannel fundamental manufacturing vehicles recreational stocks channelbreak
Malibu Boats just got some big analyst upgrades on the strength of upward earnings revisions. It's been in a gentle upward channel, but I actually think it could break out and establish a steeper upward channel leading up to earnings in September. Watch for the upside channel breakout and then buy the pullback.

As always, this does not constitute investment advice, just an idea as to how the market will move. Full disclosure: I know the founder of this company.
Comment:
MBUU is down today and broke the preliminary upward channel I had charted for it.

I'll go long at about 36.25, if it gets that low.
Comment:
Here's an alternative upside scenario.

snapshot
Comment:
MBUU doesnt appear to be respecting my alternative upward channel either. Looks like it's down to the bottom of the yellow channel for MBUU.
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