Sleep Number Company | SNBR | Long at $6.99Sleep Number Company $NASDAQ:SNBR. Closed all existing open price gaps on the daily chart below its current rice. The overall downward trend is starting to flatten. They make all their products in the US and have minimal exposure to international markets (reduced risk around tariffs). Understandably, recession risks are high and such a company would be impacted. Plus, their debt is pretty high. This is a risky investment, but from technical analysis perspective, there could be a future rebound in the near-term. Thus, at $6.99, NASDAQ:SNBR is in a personal buy zone.
Targets:
$10.00
$12.00
SNBR
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.
PRPL - Asc triangle breakoutPRPL - designs and manufactures products which include mattresses and pillows. Asc triangle breakout on daily chart with decent volume. The options chain for Jan 2021 showed 5800 contracts of $35 call traded on Dec 24th, 5300 $35 calls in OI. Will follow up Monday to see change in OI. Hope you had a Great Christmas !