$AZEK Nice Breakout with Upgrades
I took a position in this on 4/7 on confirmed breakout from down trend and added again today. Upgrades on 4/8 from Barclay's to overweight PT $55 and Loop Capital initiates coverage with Buy rating and $52 PT.
From earningswhispers.com:
Feb 11, 2021
The Azek Company Inc Cl A (AZEK) reported 1st Quarter December 2020 earnings of $0.14 per share on revenue of $212.3 million. The consensus earnings estimate was $0.10 per share on revenue of $210.9 million. The Earnings Whisper number was $0.16 per share.
The company said it expects fiscal 2021 revenue of $1.025 billion to $1.06 billion. The company's previous guidance was revenue of $989.2 million to $1.025 billion and the current consensus revenue estimate is $1.02 billion for the year ending September 30, 2021.
From earningswhispers.com:
Feb 11, 2021
The Azek Company Inc Cl A (AZEK) reported 1st Quarter December 2020 earnings of $0.14 per share on revenue of $212.3 million. The consensus earnings estimate was $0.10 per share on revenue of $210.9 million. The Earnings Whisper number was $0.16 per share.
The company said it expects fiscal 2021 revenue of $1.025 billion to $1.06 billion. The company's previous guidance was revenue of $989.2 million to $1.025 billion and the current consensus revenue estimate is $1.02 billion for the year ending September 30, 2021.
Trade active
Note
4/15 sold the 25 share add-on @ 47.29 for small profit. Still carrying the original 100 and moved the stop to $46.00 guaranteeing a small profit. I'll continue to trail my stop on this while at the same time giving it more room as the price increases. All TBD.Trade closed manually
4/20 Closed trade for small profit @ 46.83 / 5.9% profit. Sold to reduce risk. Market down 2 days in a row. Mostly in cash now.
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Disclaimer
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.