HZO Showing Strength On EarningsHZO broke to the top of the Keltner channel shortly after reporting earnings. It has since created a complex pullback that I have talked about in many other videos. I also have a long log of these pullbacks and they are some of my favorite to trade. The stock itself is in a range albeit at the bottom of the range and near earnings support. This makes it a bit riskier because it is an early entry.
HZO trade ideas
Window ClosedAfter the close of the window opened on June 7th we then finally fell through the trading range marked by it. We have reached a minor short term support but this is valid in a very short time frame only and may cause a little setback. When this will be overcome the way is open for a bigger decline.
Will it bounce back ?HZO has had some insider selling recently; however, I am not putting too much weight into that. The stock
has had a heck of a run in 2020 with the increase in popularity in recreational boating during the
pandemic as people needed find social-distance activities. However, this does appear to be a cup and
handle pattern and have top ratings from Zacks, TheStreet, and Ford. We will find out next week.
$HZOEntry price : 32.24
Fundamentals :
- Sector: Retail
- EPS % Chg (Last Qtr): 213%
- EPS % Chg (Previous Qtr): 88%
- 3 Year EPS Growth Rate: 35%
- EPS Est % Chg (Current Yr): 12%
- Sales % Chg (Last Qtr): 29%
- Sales % Chg (Previous Qtr): 30%
- 3-Year Sales Growth Rate: 11%
- Annual Pre -Tax Margin: 6.6%
Marinemax $HZO "uptrend"$HZO has been performing very well since march this year. ı would expect to get the target price after a pull back to 9SMA (light blue)
12 months Consensus Price Target: $23.7
if you find my charts useful, please leave me "like" or "comment".
Please don't trade according to the ideas, rely on your own knowledge.
Thx