Long Chewy!!!! Potential reversal $CHWY $AMZN $ PETS
see charts at tradingview.com/u/WallSt007
CHWY
Entry 44.75
Stoploss 43.75
Target 1 46.50
Target 2 47.55
Why CHWY?
Chewy added a record 1.6 million net active customers in the first quarter, bringing total active customers to 15 million.
Looking ahead
In terms of guidance, the pet product retailer expects revenue in the second quarter to be in the range of $1.62 billion to $1.64 billion, which would represent growth of 40% to 42%. Full-year 2020 sales are forecast at $6.55 billion to $6.65 billion, with adjusted EBITDA to be around breakeven for the year. The Street is currently expecting just $6.41 billion in sales for 2020.
What is Chwy?
Chewy, Inc., together with its subsidiaries, engages in the pure-play e-commerce business in the United States. The company provides pet food and treats, pet supplies and pet medications, and other pet-health products, as well as pet services for dogs, cats, fish, birds, small pets, horses, and reptiles through its chewy.com retail Website, as well as its mobile applications. It offers approximately 60,000 products from 2,000 partner brands. The company was founded in 2010 and is headquartered in Dania Beach, Florida. Chewy, Inc. is a subsidiary of PetSmart, Inc.
CHWY Entry 44.75
Stoploss 43.75
Target 1 46.50
Target 2 47.55
Why CHWY?
Chewy added a record 1.6 million net active customers in the first quarter, bringing total active customers to 15 million.
Looking ahead
In terms of guidance, the pet product retailer expects revenue in the second quarter to be in the range of $1.62 billion to $1.64 billion, which would represent growth of 40% to 42%. Full-year 2020 sales are forecast at $6.55 billion to $6.65 billion, with adjusted EBITDA to be around breakeven for the year. The Street is currently expecting just $6.41 billion in sales for 2020.
What is Chwy?
Chewy, Inc., together with its subsidiaries, engages in the pure-play e-commerce business in the United States. The company provides pet food and treats, pet supplies and pet medications, and other pet-health products, as well as pet services for dogs, cats, fish, birds, small pets, horses, and reptiles through its chewy.com retail Website, as well as its mobile applications. It offers approximately 60,000 products from 2,000 partner brands. The company was founded in 2010 and is headquartered in Dania Beach, Florida. Chewy, Inc. is a subsidiary of PetSmart, Inc.
Trading ditutup: target tercapai
Hit both target already.What a BEAST CHWY!!!
If you appreciate my technical analysis and want to check out our
Free Newsletter --> diywallst.com/
Free Newsletter --> diywallst.com/
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.
If you appreciate my technical analysis and want to check out our
Free Newsletter --> diywallst.com/
Free Newsletter --> diywallst.com/
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.