WGO Winnebago Industries Options Ahead of EarningsAnalyzing 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 opinion about it.
WI1 trade ideas
$WGO tight 1:1 trade, but high certainty.WGO - not much of a trade here but very solid. Stock forms neat textbook EWs, actually jumped on last ER miss. PE is low, so slam dunk for old high of 58.62. SL of 47.90 (below gap) gives you just above 1:1, but as I say confidence is high
E 52.96, SL 47.90 TP 58.62 RR 1.06
WGO broke out of the double bottom patternNYSE:WGO broke out of the double bottom pattern and set to post more gains. Long only of the stock pullback to retest the neckline at 71$, stop loss daily close below 66$. Anticipated price action and targets are shown on the chart.
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This is only my own view and not a financial advice, do your own analysis before buying or selling
Happy Trading!
WGO (Winnebago) - Bullish Quarter endWinnebago Industries, Inc. is a leading United States (U.S.) manufacturer of recreation vehicles (RVs), which are used primarily in leisure travel and outdoor recreation activities. The Company builds quality motorhomes, travel trailers, fifth wheel products, and toy haulers under the Winnebago and Grand Design brand names. The Company markets its recreation vehicles on a wholesale basis to a diversified dealer organization located throughout the U.S., and Canada. The Company builds quality motor homes under the Winnebago, Itasca and ERA brand names with state-of-the-art computer-aided design and manufacturing systems on automotive-styled assembly lines. Winnebago Industries has received the Quality Circle Award from the Recreation Vehicle Dealers' Association every year since the award's inception in 1996.
Analysis/Commentary
Strong EPS and Sales Growth Y-on-Y
Based on the study of the previous quarterly earnings reports and subsequent price moves:
- Current quarter has given price move to the MID point
- Entry reached
- Expectation for the price to move towards HIGH point during remainder of quarter
- Trailing stop-loss on price above MID point
GOOD LUCK.
DO YOUR OWN RESEARCH!
$WGO Box SetupWinnebago been trading sideways for the last 2 months forming a box/rectangle pattern right at ATHs. The stock had a 67%+ run from November of last year and refused to correct with the rest of the market. The stock swings high percentage moves daily. some of these candles in the box are 9 and 10% moves on one day, so keep that in mind and size your positions appropriately.
Winnebago Industries Inc (WGO)- MAKES MOTOR HOMES, SELF-CONTAINED RECREATION VEHICLES USED IN LEISURE TRAVEL AND OUTDOOR ACTIVITIES.
WINNEBAGO INDUSTRIES INC - get in after Monday correction Winnebago Industries, Inc. is a leading North American manufacturer of outdoor lifestyle products under the Winnebago, Grand Design, Chris-Craft and Newmar brands. The Company builds quality motorhomes, travel trailers, fifth wheel products and boats with multiple facilities in Iowa, Indiana, Minnesota and Florida.
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WGO 2+ Month #Rectangle #Flag #ChartPatternNYSE:WGO made new ATH back in June of this year and has been since then pulling back forming a well defined rectangle flag #pullback chart pattern. A daily close above the flag resistance line could signal the end of the pullback and a run back to test ATH set back in June.
$WGO Winnebago Approaching All Time High
Earnings are just around the corner and investors have been jumping into the stock of WGO.
Camping and outdoor holidays within the USA looks set to soar this summer . WGO THOR CWH have
all benefited.
Alert set for break above $65.00 with $75.00 as our first Fibonacci target
RSI is high but has room to run
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Winnebago Trades Like TMT Stocks - At upwards of 18X price to earnings ratio, Winnebago is the overleveraged American dream.
With a falling interest in mobile homes and trends away from travelling the heartland of the US, will this trend continue?
Since the bottom of the COVID-19 crisis, we've seen a 180% rally in $ NYSE:WGO , similarly so in $ NYSE:CWH . Overextended?