Skillz Inc.
Long
Updated

$SKLZ on my IPO Watch List

181
SKLZ had a really nice run and has now pulled back sharply. It retraced to around the .618 from the beginning of it's current run. I have this on my watch list to go long if / when it can break out of this down trend. Which I think may happen over the next few trading days. All TBD. Ideas, not investing / trading advice.

SKLZ reported earnings and had a miss on earnings but beat on revenue.

From earnings whisper:
The Azek Company Inc Cl A (AZEK) reported 1st Quarter December 2020 earnings of $0.14 per share on revenue of $212.3 million. The consensus earnings estimate was $0.10 per share on revenue of $210.9 million. The Earnings Whisper number was $0.16 per share.

The company said it expects fiscal 2021 revenue of $1.025 billion to $1.06 billion. The company's previous guidance was revenue of $989.2 million to $1.025 billion and the current consensus revenue estimate is $1.02 billion for the year ending September 30, 2021.
Trade active
I can't help myself. I didn't wait for this to breakout of the down trend. But, I like the buying volume today so I've started a "feeler" position, very small, at 28.57 with a hard Stop at 27.55. This either goes or I'm out. If / when it breaks out of the down trend line, I'll continue to add. Not investment advice!
Trade closed: stop reached
I'll keep an eye on this...it dropped into the close, not good. But original idea still valid.

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