Popular smart bed company Sleep Number sells beds, mattresses, pillows and bedding related products directly to customers via 600+ retail stores, telephone order, and e-commerce. Adjustable temperature, firmness, motion sensing and automatic contouring, even snoring prevention technology are part of their luxury product catering to an aging population in the...
Sleep Number Corporation, together with its subsidiaries, offers sleep solutions and services in the United States. The company designs, manufactures, markets, retails, and services beds, pillows, sheets, and other bedding products under the Sleep Number name. It also provides adjustable bases under the FlextFit, and smart beds under the Sleep Number 360 brands....
Description: SNBR is trending higher and in an uptrend meaning that highs are getting higher and lows are getting higher. The uptrend line on the chart and the Trending Band Indicator (which measures trend) supports the Long Position.
Stats:
1. Ideal buy range: $105.2 - $114.7
2. Take profit: $154.08
3. Stop Loss: $95.5
4. Risk To Reward: 1 / 5
5. Accuracy Rating: 92%
Healthy sign in fundamental analysis .
PEG ratio .9
Ev/Revenue 1.1
P/R .83
Using financial models
(DCF.CCA.EBV) the entry point at 45.25$
Using Fibonacci technical analysis the entry point in normal case is 47.00$ and in bearish case is 33.88$
Summary
Entry point 47.5 $
Take profit 54.00$
Good Luck
Well this already broke out and we are a little late, unfortunately. Will watch Monday and we what's happening. ATH is 60. Looking at August calls for 65. Should be a bullish start if it can break 60. Will continue to monitor
SNBR has had a huge correction and is hurtling downward BUT a huge support via the Monthly EMA ribbon, the 0.78 fib retracement, and previous resistance and now potential support are being closed in on.
This may be a good chance to get a bounce off these supports at around $35
