zAngus

Chewy Gapped Down On Earnings

Long
zAngus Updated   
NYSE:CHWY   Chewy, Inc
Chewy is an ecommerce only business providing pet medications, food, treats and other pet-health products and services for dogs, cats, fish, birds, small pets, horses, and reptiles.

It gapped down quite significantly on earnings and is trading outside of its lower Bollingers which should at some stage see a snap back.

If your broker supports it, I'd probably run a trailing buy on it, otherwise keep an eye out for a turn-around before investing in case it keeps dropping.

Worth a watch as a shorter term gap play.

Price outside of and below lower Bollingers.

Comment:
Pricing still under pressure with the wider market. Still watching.
Comment:
I hadn't looked at this one in a long time. It never recovered that gap and just got destroyed so no trade taken. $120 stock back to $43 would be upsetting a lot of shareholders.
Comment:
Crazy how beaten up this stock became losing almost 80% of its previous value, but it might be starting to show some signs of reviving, being back up 34% off its recent bottom on the back of a strong earnings report and posting a surprise profit.


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