WGO making a move out of box. Has room to recent highs. See previous post.
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.