ASO (Long) - Great value and robust growth

NASDAQ:ASO   Academy Sports and Outdoors, Inc.

- ASO has been a strong performant throughout the 2022. We can see that even when the market has been struggling significantly, the stock has not budged, and held in a strong uptrend.
- With a P/E ratio of 7.8 and P/S ratio of 0.7, it is one of the cheaply-valued stocks in the market. Despite the fundamentals of a value-stock, it provides growth-like returns with significant stock appreciation.
- It pays a solid dividend and the analysts are predicting an accelerating growth in the coming years.


- the chart is an absolute beauty. After about a year, the stock has developed a double-bottom pattern with a rounding base which ended in a clean breakout on strong earnings
- The breakout has been confirmed and the stock has been rising ever since
- The indicators also suggest a continued rise with RSI in a solid formation and stochastics showing persistent price growth


- The stock is creating a triangle-like formation on the weekly and daily, which could result in an upward breakout
- The technicals, however, suggest a long-term potential and probably a solid long-term investment as well. Hence, entry point here is not of the upmost importance

Follow me for more analysis & Feel free to ask any questions you have, I am happy to help

If you like my content, Please leave a like and a comment, it motivates me to keep producing the ideas, thank you


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.