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Sleep Number Corporation

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SNBR trade ideas

SNBR Triangle Breakout Setup ! Description: SNBR on the 30-minute chart is forming a symmetrical triangle pattern, signaling a breakout opportunity. Entry: $19.81 Stop-Loss (SL): $19.22 Target 1 (T1): $20.30 Target 2 (T2): $21.12 The price is squeezing near the triangle apex. A breakout above $20.30 (T1) will confirm bullish momentum, with a secondary target at $21.12. Risk-to-Reward: Tight stop-loss at $19.22 ensures effective risk management. ⚠️ Watch for Volume Confirmation on the breakout to validate the move. #SNBR #NASDAQ #Breakout #TechnicalAnalysis #SwingTrading #RiskManagement #TradingSetup #ChartPatterns #TradingView
NASDAQ:SNBRLong
by Xeeshan79
SNBR Hedged Options StrategyPopular smart bed company Sleep Number sells beds, mattresses, pillows and bedding related products directly to customers via 600+ retail stores, telephone order, and e-commerce. Adjustable temperature, firmness, motion sensing and automatic contouring, even snoring prevention technology are part of their luxury product catering to an aging population in the middle of a health and wellness boom -- with sleep as an increasingly buzzier part of the conversation. Americans buy 16+ million new mattresses a year, spending an average of ~$1000 per unit, making it a $12.55 billion industry. More people are relocating due to job/work-from-home opportunities and changing real estate trends (opting to buy a new mattress instead of moving an old one) -- the projected steady growth could become a surge. SNBR reports earnings Wednesday after market close, and posted beats for the previous 2 Q's. Here's one argument for the stock being undervalued. Technically minded investors might also see some promising chart patterns forming as well, and a buying opportunity after a major selloff in the last two years. However, with its recent loss of CFO and announcement that chip shortages were a challenge, an investment in SNBR would not be without uncertainty. Here's an options investing strategy that offers both downside protection and upside potential. Make a fixed 12% (22% annualized) at maturity as long as SNBR does not fall more than 23%. Further protection: SNBR can fall 31% through expiration before you start to lose any money. Hedged like this: Sell 2 $25 puts Exp 9/15/23 Capital requirement: $4472
NASDAQ:SNBRLong
by oliveinvest
Sleep Number (NASDAQ: $SNBR) Starting To Get Interesting! 🤩Sleep Number Corporation, together with its subsidiaries, offers sleep solutions and services in the United States. The company designs, manufactures, markets, retails, and services beds, pillows, sheets, and other bedding products under the Sleep Number name. It also provides adjustable bases under the FlextFit, and smart beds under the Sleep Number 360 brands. The company sells its products directly to consumers through retail, online, phone, and chat as well as through its e-commerce activities. As of January 2, 2022, it operated approximately 648 retail stores in 50 states. The company was formerly known as Select Comfort Corporation and changed its name to Sleep Number Corporation in November 2017. Sleep Number Corporation was founded in 1987 and is headquartered in Minneapolis, Minnesota.
NASDAQ:SNBRLong
by Bullishcharts