MajorHunter
Long

Winnebago Industries missing earnings and dives...

NYSE:WGO   WINNEBAGO INDS INC
It is time to pick up the leftovers from the large decline in WGO             after missing its earnings target. The stock plunges to a daily/weekly demand (support) that has earlier shown good demand. This kind of falls that is piercing the Bollinger bands and the RSI values in such an extension is normally due for a mean reversion setup.

Recommend an entry at market after a correction to its low from close on 17 dec with 12,4%.

I have called this setups to clients since january with over 350 setups with an amazing track record both on win percentage and P/L. I have based the strategy on a very well documented quant based strategy that has shown both on historical and for my part a large number of forward test since 22 january with nice results.

Entry point is now at 21.14
Stop/Target: Close above 5 daily SMA (currently nearly 9% above entry)
MajorHunter
2 years ago
Very nice 9 % return on 4 days!
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