SPWH - 1hrSportsmans Warehouse is a great store. I read they have investors help with a loan and have no idea how they plan on getting the attention of new investors like me. The yearly swing low just broke as far as this chart goes.
If anybody can see a distribution candle lower than current price, that will be the next support.
0A8T trade ideas
SPWH Sportsman's Warehouse Holdings Options Ahead of EarningsAnalyzing the options chain and the chart patterns of SPWH Sportsman's Warehouse Holdings prior to the earnings report this week,
I would consider purchasing the 5usd strike price Puts with
an expiration date of 2023-9-15,
for a premium of approximately $0.65.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
SPWH has been on a YTD downtrend SHORTSPWH, a sports and recreational retailer had a bad week or two as seen on the 60-minute
chart. Reversion to the mean and the rubber-band perspective says that what goes down
must go up. SPWH has fallen into deep undervalued territory. It has been down trending for
most of this year. At the moment it might be correcting into a short trade or put option entry.
SPWH trend down might get synergy from the S & P helping entrench the trend down.
I will zoom into the 5-30 minute time frames and short SPWH from a pivot high. I may take
a large number of shares and then hedge the position with a couple of call options above the
current money with an expiration of 4-6 week for purposes of risk management and insurance
against a reversal in the price action.
SPORTSMANS WAREHOUSE HLDGS INCNASDAQ:SPWH
Hi, traders!
Well, it's time to earn some money.
Today we look at SPORTSMANS WAREHOUSE HLDGS INC.
what's on the chart:
1. Level 13.23, formed by stopping long movement. It is also the same one where the rollback occurred.
2. The level is strong, confirmed by several false breakouts.
3. September 04, after a false breakout paper did not go up, could not get a hold of the long zone.
4. Then retest and a day later - another retest level.
5. Take a look on the closing of yesterday's trading session. Almost at low.
Today I will look for the point of entry to the shorts according to my trading strategy.
SPWH:NASDAQ - SPORTSMANS WAREHOUSE - Up 270% over 12 months Sportsman's Warehouse Holdings, Inc. engages in the retail of sporting and athletic goods through its wholly owned subsidiaries, Sportsman's Warehouse, Inc., and Minnesota Merchandising Corp. Its products include hunting and shooting; archery; fishing; camping; boating accessories; optics and electronics; knives and tools; and footwear. The company was founded in 1986 and is headquartered in West Jordan, UT.
(Description source: Trading View)
$spwh Firearms boosts Sportsman warehouse Entry level $5.79 = Target price $6.39 = Stop loss $5.64
Sportsman's Warehouse sells guns and ammo while larger national retailers have pulled back from the merchandise segment in recent years, representing a growth opportunity.
Company is profitable and free cash flow positive with steady growth.
Shares have been volatile over the past year but have more upside with improved outlook.
Source seeking alpha
Analysts Buy rating with $6.13 target.
P/E ratio 10.73 (undervalued)
Short interest 14.65% (high)
Company profile
Sportsman's Warehouse Holdings, Inc. engages in the retail of sporting and athletic goods through its wholly owned subsidiaries, Sportsman's Warehouse, Inc., and Minnesota Merchandising Corp. Its products include hunting and shooting; archery; fishing; camping; boating accessories; optics and electronics; knives and tools; and footwear. The company was founded in 1986 and is headquartered in Midvale, UT.