The pet supplies space was particularly bullish last year with everyone staying home because of Covid and pampering their pets so I have a few of them on some of my watch lists.
Chewy has had quite a big pullback, but yesterday their earnings (or rather how much they were losing) came in better than expected and saw buyers move back in.
OBV has broken up through its MA 14, and RSI has crossed back above 40. Both signs that a bit of a recovery might be underway. Its been hovering around its support area for a while without falling back through it, so would seem a lower level of risk if you wanted to take a punt.
Might be worth a look.
Chewy has had quite a big pullback, but yesterday their earnings (or rather how much they were losing) came in better than expected and saw buyers move back in.
OBV has broken up through its MA 14, and RSI has crossed back above 40. Both signs that a bit of a recovery might be underway. Its been hovering around its support area for a while without falling back through it, so would seem a lower level of risk if you wanted to take a punt.
Might be worth a look.
Note
Chewy gained a massive 15% before finishing the day up 5.5%
NOT TRADING ADVICE. ALWAYS DO YOUR OWN RESEARCH.
MY SITES:
FIND TRENDING STOCKS: HigherHighs.com/
FIND AND SET TRAILING STOPS: SuperTrail.io
TRADINGVIEW TIPS: YouTube.com/@zAngus
MY SITES:
FIND TRENDING STOCKS: HigherHighs.com/
FIND AND SET TRAILING STOPS: SuperTrail.io
TRADINGVIEW TIPS: YouTube.com/@zAngus
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
NOT TRADING ADVICE. ALWAYS DO YOUR OWN RESEARCH.
MY SITES:
FIND TRENDING STOCKS: HigherHighs.com/
FIND AND SET TRAILING STOPS: SuperTrail.io
TRADINGVIEW TIPS: YouTube.com/@zAngus
MY SITES:
FIND TRENDING STOCKS: HigherHighs.com/
FIND AND SET TRAILING STOPS: SuperTrail.io
TRADINGVIEW TIPS: YouTube.com/@zAngus
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.