Academy Sports (ASO)
I bought some of this near the IPO back around $15 a share. I cashed out around $28 a share. I wished I had held, it is now near $63 a share.
Small cap sports retailer out of Katy, TX with superb financials and growth plans. 0.47 PEG, ROE of 41.71%. Solidly increasing free cash flow and margins. Solid and steady accumulation.
$67.13 is 1.618 extension on monthly. $67.83 on weekly
2.142 extended on daily right now, so I am hoping for a pullback to the $57.74 on daily 23% extension, which is in the range of the thin vol profile on weekly down to volume expansion at $58.41
$51.66 mo. & weekly 23% fib retrace; thin vol profile on weekly down to $58.01
$51.51 prior swing high on weekly
$58.41 23% fib on daily; thin volume profile from $61.89 down to $58.41 fib
I don't chase, I always wait for a pullback to buy, so I am setting an entry target of $58.56 in hopes of a pullback to higher volume profile off that 2.142 extension.
Small cap sports retailer out of Katy, TX with superb financials and growth plans. 0.47 PEG, ROE of 41.71%. Solidly increasing free cash flow and margins. Solid and steady accumulation.
$67.13 is 1.618 extension on monthly. $67.83 on weekly
2.142 extended on daily right now, so I am hoping for a pullback to the $57.74 on daily 23% extension, which is in the range of the thin vol profile on weekly down to volume expansion at $58.41
$51.66 mo. & weekly 23% fib retrace; thin vol profile on weekly down to $58.01
$51.51 prior swing high on weekly
$58.41 23% fib on daily; thin volume profile from $61.89 down to $58.41 fib
I don't chase, I always wait for a pullback to buy, so I am setting an entry target of $58.56 in hopes of a pullback to higher volume profile off that 2.142 extension.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.