The stock of WIX has had a amazing 2019 and it is more that understandable that post earnings, investors are going to bank some profits. We see a healthy pullback in the coming days to the initial breakout level of $125 before continuing much higher. The company is investing and growing greatly in a ever expanding sector of the market. It is along term hold for...
Wix has had massive growth and has just recently announced new investments in facilities in Tel Aviv. Growth is upwards of 40% per year and the company has just entered profitability. Wix is still a small company with a market cap of 6.2B in comparison to Shopify's 24b. It is very likely the pullback may continue but this is a buy for the long term, not a short...
Wix broke up and out of a bull flag pattern today and tested ATH. Ultimately came down a bit, but its just building some momentum for next push. Should be hitting new ATH next week.
Carried into earnings week on strong volume as it approaches a new ATH, it's reasonable to expect a pre-earnings inflation (bubble) that would allow a quick scalp for some easy money. Fundamentals aside, even though this equity may be overpriced, it's positioning itself as one of the market's favorite growth stocks for this cycle. Would not be surprised to see...
Wix.com (WIX) will report earnings 2/20 before the open with the Street looking for $0.32 EPS and $162M in Revenues (+36.6%), and Q1/FY19 seen at $0.13/$176.4M and $1.49/$761.4M. WIX shares have closed lower 4 of its last 6 reports with a six quarter average max move of 12.2% and average closing move of 7.75%. More details at optionshawk.com
as you all probably know, shopify is one of the stocks that has grown the most the past few years. Wix is actually really similar as it's focus is on simple website creating, if it is a restaurant main page or basically anything else, you can make it with wix, with literally no knowledge of creating a website.
That being said, it dropped down to about 60 usd a...
Took a break in 2017 after a strong 2016. Pulled back ~40% and now breaking out after making higher lows and crossing back above 200 day MA. If fundamentals reaccelerate the stock should go back to highs pretty quickly
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WIX
