FLWS in a rising wedge pattern with great profit outlook
Taking a look at stocks with large gains over the past week, not including the FAANG's came across none other than 1-800 Flowers (FLWS).
Not only have we bought these as a company, for our mom's of course, but also for some clients, it has been a great gift idea so tracking this on our list we focus on the large overall rising wedge that is forming.
As we are above both MA's right now and out of earning for the Q, this could be a good trade to follow and look for buy opportunity.
We are bullish of FLWS with the view that flowers are not a seasonal (two holiday) opportunity anymore.
Not only have we bought these as a company, for our mom's of course, but also for some clients, it has been a great gift idea so tracking this on our list we focus on the large overall rising wedge that is forming.
As we are above both MA's right now and out of earning for the Q, this could be a good trade to follow and look for buy opportunity.
We are bullish of FLWS with the view that flowers are not a seasonal (two holiday) opportunity anymore.