CWH has finally broken through the rim on a cup and handle pattern above $15 on decent volume. It is squarely in its uptrend channel after falling thru temporarily to test its 50 day. MACD, RSI and FIB resistance all coming into play here but current impulse leg could carry to $19.66 or so. During the first year of Trump's Presidency from the time of election, the stock went from $20 to nearly $48 and then proceeded to lose 85% of its value after bottoming last year at $7.12. Still trading below its 2016 IPO price of $22. Market cap is around $1.45B on roughly $5B in sales. Marcus Lemonis its biggest shareholder, Chariman and CEO, and star of CNBC's "The Profit" bought more shares last year in the $10-14 range. He is highly motivated to increase his net worth and ultimately the value of the company. Looking for a pullback to the $15 area to add to positions. May be stingy here so don't be too picky.
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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.