CWH: Major Insider Buying along with Expanding Margins = Winner

CWH has been one of the big winners of COVID19, as families look to spend more time outdoors while being socially distant. Marcus Lemonis, the CEO, has increased his position by over 100% through purchasing over 250K shares. The stock has recently been on a down trend since it's high of 42. It has recently broken that downward resistance line, and I believe a move to the 40s is in store.

Here are my 5 reasons for the long term hold.

1- A+ ceo. He has also increased his position from 257,504 shares to 544,221 (+113%). From $10 to $32
2- expanding margins- They are creating an RV-valuator + AirBnB for RVs through their “Good Sam” brand.
3- Camping/outdoors has experienced growth like never before because Covid
4- all demographics buy RVs ( average monthly payment for RV $300 a month/ average purchase price of RV only $30K
5- Breaking out from downward resistance trendline.

Comment:

CWH has continued to trade relatively flat, however it is gearing up to test the $32.76 resistance level, if it can break that. I expect a move to the mid/high 30s.

Comment:

Finally a nice push above the $32 resistance level. Looking for a move to the $40s where I will become a trimmer