Overvalued to undervalued. About 175MM in free cash flow for 2021. 12.5% growth over 2020. Even a modest growth or near term slow down, intrinsic value is about at $50 a share, more time and average growth rates is pushing $60/ share by 2023. Very smart management, evidenced by the doubling of convertible notes issue in August 2020, sold at the top...
Time to go long, time to get for the long term buy buy buy
CHGG: Chegg, Inc. 2021-11-29 09:00:00 Chegg Announces Proposed $300 Million Accelerated Share Repurchase
Disclaimer: I am already in this position from 35.68 (-5% from current price) but I plan to add more at support levels, with a profit target above $50 Idea: Swing long $CHGG from earnings miss, big gap down. Rationale: While their earnings were not good, it wasn't that bad. They have $Billions in cash on hand. Have announced a buy back. All Analyst ratings...
Chegg - Head n Shoulders - Support at 25.89 and 22.67 , it bounce off to test 31.3 short term.
if price closes below $25.50 I am going to look for exit and look for other opportunities in the big market. Analyst Hassan Adde.
NYSE:CHGG just had a huge dip today, which I believe is a overreaction to the current market conditions and company fundamentals. NYSE:CHGG is a solid continue and most likely its price will continue to increase from this level for a 200% profit opportunity as shown on the chart. Good luck, Your Ganbu ⚠️ Let me know your feedback and comments below! ⚠️...
I am long on this... It plunged over 45% today.... I am in the trade.... Hope it makes a nice bounce!!!
- Currently in a downtrend on the daily chart (50MA below 200MA) but still in an uptrend on the weekly chart (50MA above 200MA). - Support near 54.80. - CAUTION: $10 gap below (between $44.33-$53). CHGG could fall through support near 54.80 and attempt to close the gap near $44.33. - Earnings on Nov. 1st. Could go either way... 50/50. 6-10 Week Outlook: Could...
We have traded Chegg all the way up to $100+ before, Now is a great opportunity to buy!
Testing 3 times major support. Currently oversold. Still in major downtrend. May whipsaw up. Potentially a good short term trade to near term resistance at 67 and 72.
With Chegg I would look too short a hard spike up into the 96-97 area where you have a quarterly and monthly pivot, or I would look to buy a hard flush down into the low 70s where you have a monthly quarterly and annual pivot all stacked together.
NYSE:CHGG weekly is ready to continue its uptrend. Last week gave a very bullish outside engulfing bar right as the 5 EMA crossed the 20 EMA. It is a very strategic spot and it is aligned with the MACD crossing up as well.
NYSE:CHGG Was all over this one Thurs into Fri. These setups have been going ape lately. No position right now. Looking for a pullback entry or a break above res pullback entry. Earnings 16 days out gives it some time for the pre earnings move on this break!
Consolidated above the resistance line for a couple weeks before finally breaking out of the pennant today. Hope to see more volume and take off!
$CHGG Closing above trendline sets this up for a large move to the upside and a long-term bullish trend reversal. Earnings expected around August 09, 2021. Missed last earnings for the first time since 2017. A positive earnings could send this on an aggressive uptrend.
CHGG: bullish flag above the strong level looking to go higher Analyst upgrades with 115 target