Malibu Boats just got some big analyst upgrades on the strength of upward earnings revisions. It's been in a gentle upward channel, but I actually think it could break out and establish a steeper upward channel leading up to earnings in September. Watch for the upside channel breakout and then buy the pullback.
As always, this does not constitute investment advice, just an idea as to how the market will move. Full disclosure: I know the founder of this company.
As always, this does not constitute investment advice, just an idea as to how the market will move. Full disclosure: I know the founder of this company.
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MBUU is down today and broke the preliminary upward channel I had charted for it.I'll go long at about 36.25, if it gets that low.
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Here's an alternative upside scenario.Note
MBUU doesnt appear to be respecting my alternative upward channel either. Looks like it's down to the bottom of the yellow channel for MBUU.
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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.