1-800-Flowers.com | FLWS | Long at $8.001-800-Flowers.com NASDAQ:FLWS has been in price consolidation mode since 2022 and may be gearing up for an upward move as my historical selected simple moving average reconnects with the price. The company is expected to become profitable in 2025 and the holiday season is approaching. Historically, this is the period when the price begins to rise. With a 25 million float and 14.54% short interest, this ticker could get interesting if it takes off. But be cautious as the economy seems to be showing signs of slowing... At $8.00, NASDAQ:FLWS is in a personal buy zone.
Target #1 = $9.20
Target #2 = $10.50
Target #3 = $20.50 (long-term if the economy is strong...)
1800flowers
FLWS in a rising wedge pattern with great profit outlookTaking a look at stocks with large gains over the past week, not including the FAANG's came across none other than 1-800 Flowers (FLWS).
Not only have we bought these as a company, for our mom's of course, but also for some clients, it has been a great gift idea so tracking this on our list we focus on the large overall rising wedge that is forming.
As we are above both MA's right now and out of earning for the Q, this could be a good trade to follow and look for buy opportunity.
We are bullish of FLWS with the view that flowers are not a seasonal (two holiday) opportunity anymore.