NYSE:WGO broke out of the double bottom pattern and set to post more gains. Long only of the stock pullback to retest the neckline at 71$, stop loss daily close below 66$. Anticipated price action and targets are shown on the chart.
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This is only my own view and not a financial advice, do your own analysis...
Winnebago Industries, Inc. is a leading United States (U.S.) manufacturer of recreation vehicles (RVs), which are used primarily in leisure travel and outdoor recreation activities. The Company builds quality motorhomes, travel trailers, fifth wheel products, and toy haulers under the Winnebago and Grand Design brand names. The Company markets its recreation...
Winnebago been trading sideways for the last 2 months forming a box/rectangle pattern right at ATHs. The stock had a 67%+ run from November of last year and refused to correct with the rest of the market. The stock swings high percentage moves daily. some of these candles in the box are 9 and 10% moves on one day, so keep that in mind and size your positions...
Winnebago Industries, Inc. is a leading North American manufacturer of outdoor lifestyle products under the Winnebago, Grand Design, Chris-Craft and Newmar brands. The Company builds quality motorhomes, travel trailers, fifth wheel products and boats with multiple facilities in Iowa, Indiana, Minnesota and Florida.
#winnebago #rvlife #camping #rv #winnebagolife...
WGO finished its downtrend and made a short base 45-54 in October-November
December 1-15, 2020 began to show upside momentum because it moved to the range 54-59
When 59 is taking out, it is time to get in for a smooth uphill ride of +19% profits within two months
NYSE:WGO made new ATH back in June of this year and has been since then pulling back forming a well defined rectangle flag #pullback chart pattern. A daily close above the flag resistance line could signal the end of the pullback and a run back to test ATH set back in June.
Earnings are just around the corner and investors have been jumping into the stock of WGO.
Camping and outdoor holidays within the USA looks set to soar this summer . WGO THOR CWH have
all benefited.
Alert set for break above $65.00 with $75.00 as our first Fibonacci target
RSI is high but has room to run
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At upwards of 18X price to earnings ratio, Winnebago is the overleveraged American dream.
With a falling interest in mobile homes and trends away from travelling the heartland of the US, will this trend continue?
Since the bottom of the COVID-19 crisis, we've seen a 180% rally in $ NYSE:WGO , similarly so in $ NYSE:CWH . Overextended?
WGO - not much of a trade here but very solid. Stock forms neat textbook EWs, actually jumped on last ER miss. PE is low, so slam dunk for old high of 58.62. SL of 47.90 (below gap) gives you just above 1:1, but as I say confidence is high
E 52.96, SL 47.90 TP 58.62 RR 1.06
Winnebago Industries, Inc. engages in the design, development, manufacture, and sale of motorized and towable recreation products. It operates through the following segments: Grand Design towables, Winnebago towables, Winnebago motorhomes, Newmar motorhomes, Chris-Craft marine and Winnebago specialty vehicles. The company was founded on February 12, 1958 and is headquartered in Forest City, IA.
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