Veritiv is a strong company fundamentally, and one of the biggest employers in the Atlanta 3PL market. It is often overlooked that Atlanta has the busiest port (airport) in the world. Overall undervalued versus growth and tech market, at about 13 p/e.
VRTV was powered from Covid lows by strong earnings, (9 consecutive quarters of beating expectations)and share...
Power earnings gap from March 2021 earnings smash started 8 month impulse Wave 1.
ABC correction move down to 0.5 retracement level, respecting 100ma for a bounce before heading down to 200ma.
Play bounce off of .5 levels and 200ma at $85.70 with tight stop, and see if wave 2 begins. Wave 2 Target 7 months, $228. If it fails, next fib at blue box.