SR618
Long

ETSY breakout form ugly cup&handle

NASDAQ:ETSY   ETSY INC
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2
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Horizontal S&R: breaking out of range
Channel S&R: yes, rising up trend.
MA S&R: above both 20 and 50
>200ma: yes
Volume confirmation: vol running up into breakout.
Candle Confirmation: no
Stoch Divergence: no
Reg Trendline > n/a
Short Float: 7%
Risk / Reward: 2:1

Zacks Rank: 3-Hold 3 Style Scores: F Value | C Growth | D Momentum | F VGM Industry Rank: Bottom 41%(151 out of 255) Industry: Internet - Services

I still haven't bought anything on the site, but i like what i see. Furthermore, I'm getting tired of Amazon's cheap Chinese knock off crap.
Also worth noting:
Etsy price target raised to $59 from $53 at DA Davidson DA Davidson analyst Tom Forte raised his price target on Etsy to $59 and kept his Buy rating, saying the company's decision not to replace its departing COO Linda Kozlowski is an indication of the new management's ability to "do more with less". The analyst notes that his price target change assumes a higher than previously expected long-term growth rate with a maintained EBITDA margin outlook of 33% vs. 21.7% in FY17. Forte also cites Etsy's potential to improve mobile conversion and the latest pricing power evidence from a sales charge increase to 5% as some of the company's catalysts.
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