Analyzing the options chain of WGO Winnebago Industries prior to the earnings report this week,
I would consider purchasing the 65usd strike price Puts with
an expiration date of 2023-7-21,
for a premium of approximately $3.45.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your...
I see a 232 reversal in the mix with this stock. It has relative strength to continue to move upward towards the previous highs. It is at $63 now can easily move back to the $66 range.
A flat bottom has emerged along the bottom of a strong up channel on WGO daily chart.
I expect a strong reversal mirroring the previous down move towards the strong bottom.
Bullish expectations.
Things to have in mind:
I've highlighted a few historic values that most analysts have in their notes.
Winnebago Industries reports their earnings Wednesday BMO: I'm anticipating the market will buy the surprise.
The %B is at a good value to "signal oversold".
Nice company, nice product, the decent premium for the put sale. BELOW the 200 SMA on a weekly, and is 20% lower than where it is now. ALSO getting paid 2% to do this trade. YEAH!
NYSE:WGO broke out of the double bottom pattern and set to post more gains. Long only of the stock pullback to retest the neckline at 71$, stop loss daily close below 66$. Anticipated price action and targets are shown on the chart.
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This is only my own view and not a financial advice, do your own analysis...
Winnebago Industries, Inc. is a leading United States (U.S.) manufacturer of recreation vehicles (RVs), which are used primarily in leisure travel and outdoor recreation activities. The Company builds quality motorhomes, travel trailers, fifth wheel products, and toy haulers under the Winnebago and Grand Design brand names. The Company markets its recreation...
Winnebago been trading sideways for the last 2 months forming a box/rectangle pattern right at ATHs. The stock had a 67%+ run from November of last year and refused to correct with the rest of the market. The stock swings high percentage moves daily. some of these candles in the box are 9 and 10% moves on one day, so keep that in mind and size your positions...
Winnebago Industries, Inc. is a leading North American manufacturer of outdoor lifestyle products under the Winnebago, Grand Design, Chris-Craft and Newmar brands. The Company builds quality motorhomes, travel trailers, fifth wheel products and boats with multiple facilities in Iowa, Indiana, Minnesota and Florida.
#winnebago #rvlife #camping #rv #winnebagolife...
WGO finished its downtrend and made a short base 45-54 in October-November
December 1-15, 2020 began to show upside momentum because it moved to the range 54-59
When 59 is taking out, it is time to get in for a smooth uphill ride of +19% profits within two months
NYSE:WGO made new ATH back in June of this year and has been since then pulling back forming a well defined rectangle flag #pullback chart pattern. A daily close above the flag resistance line could signal the end of the pullback and a run back to test ATH set back in June.
