NYSE:AZEK strong up trend and couple breakouts and the end of the year, from IBD Market Smith, nice retracement to a support area, might be a good entry with a SL of 6% and 20% target for a swing trade.
This company appear in my bottom fishing radar. The recent earning news push the price very low. A bounce back is expected as both 1 hr and 4 hours chart show possible bounce back. Good luck
NYSE:AZEK completed a bear trap today after prices recovered quickly back over the support line and 200 EMA .
It also showed MACD histogram divergence when the new price low made on Jun 17 had a much higher low on the histogram than the price low on May 17.
I took a position in this on 4/7 on confirmed breakout from down trend and added again today. Upgrades on 4/8 from Barclay's to overweight PT $55 and Loop Capital initiates coverage with Buy rating and $52 PT.
From earningswhispers.com:
Feb 11, 2021
The Azek Company Inc Cl A (AZEK) reported 1st Quarter December 2020 earnings of $0.14 per share on revenue of...
$AZEK is a a fairly new IPO. As you can see on my chart I've pointed out the IPO base and a couple breakouts that ended up shaking a lot of people out.I missed my entry on this yesterday on the short term trend line breakout. I do however, like the follow thru today so I've added a position. You can see my entry and very tight stop. It either proves itself to me...
AZEK earnings are tomorrow at 7am. I just got a $35straddle12/18 because there's very little chart history as it's a 2020 ipo. I did buy some shares and sell them a week later in June. But besides that, I have no other experience trading AZEK. I know plenty about AZEK exterior boards and decking for the house. I am bullish in sentiment and AZEK popped after it's...
