Analyzing the options chain of WGO Winnebago Industries prior to the earnings report this week, I would consider purchasing the 65usd strike price Puts with an expiration date of 2023-7-21, for a premium of approximately $3.45. 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...
A flat bottom has emerged along the bottom of a strong up channel on WGO daily chart. I expect a strong reversal mirroring the previous down move towards the strong bottom. Bullish expectations.
Nice company, nice product, the decent premium for the put sale. BELOW the 200 SMA on a weekly, and is 20% lower than where it is now. ALSO getting paid 2% to do this trade. YEAH!
*** I know it's so tempting to jump on option calls for PYPL/UIPST/BIDU/ROKU and many many other huge dips that are 100% undervalued. BE PATIENT. These are selling off so fast and hard when you time this bottom correctly trust me they will blow up for at least 100% in options. Don't assume just because they are undervalued and dipped that SPY cant take a nose dive...
There's a secret sector most people dont talk about and its the RV sector! Due to covid, its the only way to get away and vacation, lol. Thor reported earnings last week and said RV backlog increased by $4.31 billion, or 454.1%, to $5.25 billion at January 31, 2021, compared to $948.1 million as of January 31, 2020!! CWH - camping world holdings rose 30% just last...
Watchlist Trading above 21EMA Watch 18.5c level, see if price can close strongly above Keep an eye on volume
WGO - not much of a trade here but very solid. Stock forms neat textbook EWs, actually jumped on last ER miss. PE is low, so slam dunk for old high of 58.62. SL of 47.90 (below gap) gives you just above 1:1, but as I say confidence is high E 52.96, SL 47.90 TP 58.62 RR 1.06
The neckline has been broken with a strong move up. If you are the cautious kind wait for a retest of the neckline before you commit yourself.
For the past few decades, a daily close in winnebago below 50% of the recent high, has been a reliable foreshadow of major declines in the broader markets.
Notes on WGO (Positive and negative) WGO has been on IBD50 several times. Heavily owned by institutions. SWS has it undervalued at $42, future cash flow estimates $80/share. Looks to be forming a consolidation period, generally 7-8 weeks is good timeframe. RSI line is pretty low at this point. Winnebago Industries Board of Directors Approve Quarterly...
Looks like Winnebago had it's day in the sun. Could it possibly be in an ABC correction?