Prior highs that may cause resistance over head/fell from a rising wedge and seems to have recovered.
Earnings 1-26 BMO
3 year high is 137.66 Long term high is 159.33
Cup low is 37.35 Cup depth is 72.9 which is deep but R overhead. Targets are calculated using cup depth and fib levels. In a bullish market and in a bullish stock, price can hit 100% levels and above. These would be targets 2..
Mid cup is a source of support. Subtract cup low from cup high, divide by 2 and add to cup low. So far the handle low has held..
This is by no means a recommendation...
I would imagain PII is up due to folks being bored...So may be buying "things to occupy them" Not sure but I do always try to think of a reason why a certain stock may do well...part of market timing in other words and can be very important.
It is like the market is in to one sector then rotates to another and sometimes rather quickly. Sometimes the market may stay in a sector for quite some time. I remember when the housing market was huge, became overbought and developed rising wedges, and boom..the market moved on.
Polaris Inc. designs, engineers, manufactures, and markets power sports vehicles worldwide. It operates in five segments: ORV/Snowmobiles, Motorcycles, Global Adjacent Markets, Aftermarket, and Boats. The company offers off-road vehicles (ORVs), including all-terrain vehicles and side-by-side vehicles; snowmobiles and snow bikes conversion kit systems; motorcycles; and low emission, light duty hauling, passenger, and industrial vehicles. It also produces replacement parts and accessories comprising winches, bumper/brushguards, plows, racks, wheels and tires, pull-behinds, cab systems, lighting and audio systems, cargo box accessories, tracks, and oil for ORVs; snowmobile accessories, which comprise covers, traction products, reverse kits, electric starters, tracks, bags, windshields, oil, and lubricants; and motorcycle accessories, including e saddle bags, handlebars, backrests, exhausts, windshields, seats, oil, and various chrome accessories. In addition, the company offers gear and apparel, such as helmets, jackets, gloves, pants, hats, goggles, boots, bibs, and leathers; off-road Jeep and truck accessories; and pontoon, deck, cruiser, and fishing boats. The company markets its products under the RZR, RANGER, GENERAL, SPORTSMAN, INDIAN MOTORCYCLE, SLINGSHOT, Timbersled, GEM, Goupil, Aixam and Taylor-Dunn, DAGOR, Sportsman MV, MRZR, Pro Comp, Smittybilt, Rubicon Express, Poison Spyder, Trail Master, LRG, G2 Axle & Gear, Kolpin, Pro Armor, Klim, 509, Trail Tech, Bennington, Godfrey, Hurricane, Rinker, Larson, and Striper brands. It provides its products through dealers and distributors, and online; and aftermarket parts and accessories through 95 brick-and-mortar retail centers, call centers, and e-commerce sites. The company was formerly known as Polaris Industries Inc. Polaris Inc. was founded in 1954 and is headquartered in Medina, Minnesota.
Earnings 1-26 BMO
3 year high is 137.66 Long term high is 159.33
Cup low is 37.35 Cup depth is 72.9 which is deep but R overhead. Targets are calculated using cup depth and fib levels. In a bullish market and in a bullish stock, price can hit 100% levels and above. These would be targets 2..
Mid cup is a source of support. Subtract cup low from cup high, divide by 2 and add to cup low. So far the handle low has held..
This is by no means a recommendation...
I would imagain PII is up due to folks being bored...So may be buying "things to occupy them" Not sure but I do always try to think of a reason why a certain stock may do well...part of market timing in other words and can be very important.
It is like the market is in to one sector then rotates to another and sometimes rather quickly. Sometimes the market may stay in a sector for quite some time. I remember when the housing market was huge, became overbought and developed rising wedges, and boom..the market moved on.
Polaris Inc. designs, engineers, manufactures, and markets power sports vehicles worldwide. It operates in five segments: ORV/Snowmobiles, Motorcycles, Global Adjacent Markets, Aftermarket, and Boats. The company offers off-road vehicles (ORVs), including all-terrain vehicles and side-by-side vehicles; snowmobiles and snow bikes conversion kit systems; motorcycles; and low emission, light duty hauling, passenger, and industrial vehicles. It also produces replacement parts and accessories comprising winches, bumper/brushguards, plows, racks, wheels and tires, pull-behinds, cab systems, lighting and audio systems, cargo box accessories, tracks, and oil for ORVs; snowmobile accessories, which comprise covers, traction products, reverse kits, electric starters, tracks, bags, windshields, oil, and lubricants; and motorcycle accessories, including e saddle bags, handlebars, backrests, exhausts, windshields, seats, oil, and various chrome accessories. In addition, the company offers gear and apparel, such as helmets, jackets, gloves, pants, hats, goggles, boots, bibs, and leathers; off-road Jeep and truck accessories; and pontoon, deck, cruiser, and fishing boats. The company markets its products under the RZR, RANGER, GENERAL, SPORTSMAN, INDIAN MOTORCYCLE, SLINGSHOT, Timbersled, GEM, Goupil, Aixam and Taylor-Dunn, DAGOR, Sportsman MV, MRZR, Pro Comp, Smittybilt, Rubicon Express, Poison Spyder, Trail Master, LRG, G2 Axle & Gear, Kolpin, Pro Armor, Klim, 509, Trail Tech, Bennington, Godfrey, Hurricane, Rinker, Larson, and Striper brands. It provides its products through dealers and distributors, and online; and aftermarket parts and accessories through 95 brick-and-mortar retail centers, call centers, and e-commerce sites. The company was formerly known as Polaris Industries Inc. Polaris Inc. was founded in 1954 and is headquartered in Medina, Minnesota.
Comment:
Big rising wedge..pull back under bottom trendline so valid..just did not pull back much. PII is now over the RW. Strong stcks I have noticed, do not pull back a whole lot, in the short term,,,Earnings on the 26th