Despite the fact that FLWS reported good earnings the share prices dropped that made investors to dip BUY. We have support zone here @ $30.00 per share. And on Monday morning it couldn't break down below it.
FLWS earnings shortcut: 1-800-Flowers.com (FLWS) reported 2nd Quarter December 2020 earnings of $1.72 per share on revenue of $877.3 million. The consensus earnings estimate was $1.41 per share on revenue of $750.5 million. The Earnings Whisper number was $1.43 per share. Revenue grew 44.8% on a year-over-year basis.
The company said it expects a third quarter loss of $0.11 to $0.09 per share on revenue of $404.2 million to $418.2 million. The current consensus estimate is a loss of $0.09 per share on revenue of $341.30 million for the quarter ending March 31, 2021.
1-800 Flowers.com Inc provides customers with gifts for every occasion, including fresh flowers and the finest selection of plants, gift baskets, gourmet foods, confections, candles, balloons and plush stuffed animals.
Just out of Cruiosity why Label as Support? Its merely Breaking through Resistance. Realistically the support is actually at 22$ This is a 22$ Support with a Breakout. It could continue rising or it could also be Overbought Before you make your Buys wait till tomorrow for confirmation on the Morning Star or the Evening Star.
Trading_with_Shakhboz
⋅
@shiftingskys, Thanks for question. I don't usually care about candles, All I need is strong Fundamental analysis and technical basics like support and resistance. As you can see that previous resistance acted as support at $30.0
shiftingskys
⋅
@trd_mindset, I Suppose. I guess using one Support is not too bad. Little bit Riskier but still a worthwhile Investment. I typically like a Minimum of 3. I guess its Preference. Still a Good Assessment. So Far its aging well. I would have jumped on it but Iam Riding the RIOT bandwagon Atm.
Trading_with_Shakhboz
⋅
@shiftingskys, Yeah. My analysis more based on making odds in my favor via using strong fundamental analysis with technical ones