Long entry above box short entry below to dotted line targets. Can also take pull back longs off targets below box.
Earnings are just around the corner and investors have been jumping into the stock of WGO. Camping and outdoor holidays within the USA looks set to soar this summer . WGO THOR CWH have all benefited. Alert set for break above $65.00 with $75.00 as our first Fibonacci target RSI is high but has room to run PLEASE GIVE US A LIKE IF YOU FIND OUR CONTENT HELPFUL...
At upwards of 18X price to earnings ratio, Winnebago is the overleveraged American dream. With a falling interest in mobile homes and trends away from travelling the heartland of the US, will this trend continue? Since the bottom of the COVID-19 crisis, we've seen a 180% rally in $ NYSE:WGO , similarly so in $ NYSE:CWH . Overextended?
WGO - not much of a trade here but very solid. Stock forms neat textbook EWs, actually jumped on last ER miss. PE is low, so slam dunk for old high of 58.62. SL of 47.90 (below gap) gives you just above 1:1, but as I say confidence is high E 52.96, SL 47.90 TP 58.62 RR 1.06
Huge beat on earnings for NYSE:WGO , and a massive 15% move yesterday, which has now resulted in oversold conditions, wait for a pullback and avoid a fomo entry at this level. 13.5 P/E ratio very reasonable Short interest 13.7% could help sustain the rally. Earnings transcript In summary, our strategic transformation over the last 4 fiscal years has led to a...
WGO - Short/Puts: Here is a perfect looking setup! All info needed is on the chart. Happy Trading!
For the past few decades, a daily close in winnebago below 50% of the recent high, has been a reliable foreshadow of major declines in the broader markets.
Notes on WGO (Positive and negative) WGO has been on IBD50 several times. Heavily owned by institutions. SWS has it undervalued at $42, future cash flow estimates $80/share. Looks to be forming a consolidation period, generally 7-8 weeks is good timeframe. RSI line is pretty low at this point. Winnebago Industries Board of Directors Approve Quarterly...
Looks like Winnebago had it's day in the sun. Could it possibly be in an ABC correction?
with a final Wave 5 Ending Diagonal. The 5th wave of the 5th ED is also a Ending Diagonal. This is a most unusual chart that helps to amplify the severe and destructive powers of Ending Diagonals.
This thing has been moving so aggressively such that there is so much overlapping. Couldn't find any way wave 4 would not overlap wave 1 except this multiple diagonals.
With their Earnings coming up and the last 30 days being a strong indicator - I think pushing in 25% on 12/19 with a hold to see what happens before pushing in anymore might be a smart strategy.