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Wayfair’s Way Up!Wayfair is building strong bullish momentum, with a gap forming around the $35.00 level. A breakout above the $49.00 resistance would confirm further upside, positioning the stock to reach the $76.18 weekly resistance. This trade offers a favorable risk-to-reward ratio, with risk managed via a stop-loss at $27.50. In the longer term, Wayfair has the potential to reach $90.66, supported by the company’s expanding presence in the e-commerce and home goods markets. As consumer trends continue to shift toward online shopping, Wayfair’s investments in logistics, supply chain efficiency, and a seamless user experience bolster its position for sustained growth. With a solid brand and loyal customer base, Wayfair is well-positioned to capture further market share, supporting a bullish outlook toward $90.66. With strong technical momentum and an advantageous market position, Wayfair is primed to reach $76.18 in the short term, with $90.66 as a longer-term target. Follow on X @The_Trading_Mechanic for more electric insights and market strategies! NYSE:W
NYSE:WLong
by The_Trading_Mechanic
Breaking the Stretch: LULU Aiming for $355 with MomentumLululemon (LULU) is building strong bullish momentum after successfully filling the $245 bullish gap. The stock is now primed to break through the $275 resistance level, heading toward the next significant weekly resistance level at $354.66. With a favorable 3.39 risk-to-reward ratio, this presents an excellent opportunity for investors to enter, managing risk with a stop-loss at $243.37. Lululemon’s strong financials and continuous brand expansion, coupled with increased demand in athleisure and lifestyle apparel, further support its upward trajectory. As the company continues to outperform in its market segment, there is a clear path for LULU to hit its $355 target in the near term. NASDAQ:LULU
NASDAQ:LULULong
by The_Trading_Mechanic
Time to put the Armour on and fill the gap!Under Armour has recently completed filling the bullish gap, and now the stock is positioned to close the bearish gap at the $13.00 level. From a technical standpoint, the stock has shown resilience and is poised to find strong support at $7.07, which coincides with previous levels of interest, including the COVID-era lows. This region has historically acted as a solid base for recovery, making it a prime entry point for investors. In addition to this technical setup, Under Armour presents a compelling long-term growth opportunity. The company has been making strategic moves to optimize its operations and focus on higher-margin products, which could fuel margin expansion and profitability. The global activewear market continues to grow, and Under Armour is well-positioned to capture market share, particularly as it strengthens its digital presence and focuses on direct-to-consumer channels. As the company emerges stronger from post-pandemic disruptions, its current valuation provides an attractive entry for both short-term traders targeting the $13.00 level and long-term investors seeking value. With strong support near the $7.00 range and a clear technical path to $13.00, this makes Under Armour an enticing buy for those seeking both momentum and value. NYSE:UA
NYSE:UALong
by The_Trading_Mechanic
1
Pivot Point for SA? Bulls Ready to Take Over?If SA can break through the key level at 17.5, this may work its way back up to it's ATH established mid October and maybe surpass it. Key level identified at the area of my solid white uptrend line and the 50SMA on the daily chart, and the area right above the 10EMA on the weekly chart. Earnings is on the 15th so you would want to pay attention to that. The few areas of potential resistance to take note of are at 18 and 19. If SA gains momentum, I expect some pause or a pull back at 19 or 20.5 to help it gear up to break through to a new ATH.
NYSE:SALong
by emanuelaelias
$WULF: The Next Leader in the Crypto Mining Sector 🚀⛏️🚧Hello, everyone! We're excited about NASDAQ:WULF 's prospects among other crypto miners, standing out with its eco-friendly operations, profitability post-halving, and strategy to reduce debt without diluting shareholder value through ATM usage. The company's CEO has reassured investors of this commitment. Moreover, a significant short interest in NASDAQ:WULF could potentially propel its value dramatically. Currently, the price is at a crucial juncture, testing the hourly support. Should it break below, it might move to test the daily support level. Conversely, rebounding from the hourly support could set the stage for a climb towards the monthly resistance. Our initial milestone is overcoming the monthly resistance at around $3.70. Surpassing this, we aim for $8 followed by $17 as our subsequent targets. This outlook would be reconsidered if the hourly or daily indicators fall beneath the weekly, suggesting a need to reassess our stance. Stay tuned for updates, and best of luck to us all!
NASDAQ:WULFLong
by SierrasTrades
2
PETS: An Ugly Chart with a Potential Comeback StoryPetMed Express, Inc. ( NASDAQ:PETS ) has faced a challenging couple of years, with the stock price declining from a high of approximately $50 to penny-stock territory under $5. The company has struggled with customer acquisition due to intense competition. While challenges persist, there appears to be potential for a rebound. On April 29th, Sandra Campos was named the new CEO. Sandra Campos is a Board Member, 3x CEO, 2x entrepreneur, and advisor in retail, CPG, and technology. Throughout her career as a consumer focused operator, she has built global lifestyle brands and has been instrumental in turnarounds, digital transformations, innovations, and international expansion (CNBC Profile). Additionally, the company has tried to maintain shareholder equity, while minimizing its use of debt. - Shares outstanding = 4.34% increase since 2021 - Debt = Issued $1.5 million in debt in 2024. No previous debt Some other positive factors to consider - Annual revenues are up from 2022 & 2023. Down compared to 2021. - Price/Book = 0.91 (Trading at less than book value), sector median is 2.59, which is a -65% difference) - Recent large insider buying At the time of posting this idea, the stock is up approximately 34% on the day, based on the recent positive earnings report, with a surprise earnings beat of 300%.
NASDAQ:PETSLong
by PeakInvestmentStrategies
TTWO pullback to $165MODs have suggested that I provide more detail about the picks I make. Sorry. I'm not as verbose as y'all, and I don't like things to be complicated. My trading plan is very simple. I buy or sell at top & bottom of parallel channels. I confirm when price hits Fibonacci levels. Bonus if a TTM Squeeze in in play. I hold until target is reached or end of year, when I can book a loss. So... Here's why I'm picking this symbol to do the thing. Price above channels (period 100 52 39 & 26) Stochastic Momentum Index (SMI) at overbought level VBSM spiked positive Price at 3.618 Fibonacci level In at $176 Target is $165 or channel bottom Stop loss is $178
NASDAQ:TTWOShort
by chancethepug
Long-Term Outlook: Polestar's Potential on the 3-Day CandlesticLong-Term Outlook PSNY: Polestar's Potential on the 3-Day Candlestick Chart Looking at the 3-day candlestick chart, we can observe some promising signs for the long term. While the price action may seem gradual, it reflects a steady build-up that could lead to significant growth in the years ahead. For those following Polestar, this chart provides a clearer picture of the broader trends and potential shifts in momentum. As always, patience is key. If the fundamentals align as expected, we could see a strong upward movement by 2026. For now, stay focused on the bigger picture and keep an eye on any key market shifts.
NASDAQ:PSNYLong
by Maximus20000
Believing in Polestar: Resilience and Opportunities in the USA Don't forget, Trump is unlikely to target Polestar's business as it works to establish Spaces across the USA. This expansion translates to jobs, taxes, spare parts, maintenance, and more. The South Carolina factory is also expected to reach its full production capacity sooner or later. Stay confident in this project. I understand how tough it can be, especially when you see stocks like NVDA, AMZN, or even TSLA climbing higher with each passing day. Our hope lies in the fact that if NVDA can gain SGX:40B -$50B in market cap in a single day, or TSLA and AMZN can do the same, then a modest increase for PSNY of $500M, SEED_TVCODER77_ETHBTCDATA:1B , or SEED_TVCODER77_ETHBTCDATA:2B is just pocket change for Wall Street algorithms. In conclusion? Stay strong PSNY fam'!
NASDAQ:PSNYLong
by Maximus20000
ELF stock HLStocks highlights: Elf Beauty (ELF) Intrinsic value(DCF, operating CF) : 146USD TA: Base formed and a strong up break post earnings and very strong growth stock with 40%+ revenue growth rec to put max 10% into portfolio AI Earnings report summary: Based on the financial report, the key growth drivers for e.l.f. Beauty are: 1. Consistent category-leading growth: The company has delivered 40% net sales growth in Q2, fueled by 195 basis points of market share gains in the U.S. and 91% net sales growth internationally. 2. Strength in both retailer and e-commerce channels: The company has seen strength in both its retailer and e-commerce channels, driving growth in net sales. 3. International expansion: The company has seen significant growth in international markets, with 91% net sales growth in Q2. The area of concern is: 1. Increased SG&A expenses: The company's SG&A expenses increased by $74.0 million to $186.1 million, or 62% of net sales, primarily due to an increase in marketing and digital spend, compensation, and other expenses. This increase may put pressure on the company's profitability.
NYSE:ELFLong
by jokersxsd
Key factors affecting stock performance in the near future.Rather than focusing on anything else, we at Zacks prioritize evaluating the change in a company's earnings projection. This is because we believe the fair value for its stock is determined by the present value of its future stream of earnings. When earnings estimates for a company go up, the fair value for its stock goes up as well. And when a stock's fair value is higher than its current market price, investors tend to buy the stock, resulting in its price moving upward. Because of this, empirical studies indicate a strong correlation between trends in earnings estimate revisions and short-term stock price movements.
NYSE:RTXLong
by Super_B_XinR