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WAYFAIR INCWAYFAIR INCWAYFAIR INC

WAYFAIR INC

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W trade ideas

Wayfair (W): Buy at 324.31, Profit Taking at $405.39Stay at Home orders have affect us all and has made us rethink how we live in our own homes. Wayfair is an online retailer that helps us find the items we would liek to improve ours homes. They sell everyday decor items to appliances and they have growing earnings to prove they are growing. Sales and Earnings Below Quarterly Sales: Mar20: +20% Jun20: +84% Sep20: +67% Quarterly EPS: Mar20: Negative Earnings Jun20: +313% Sep20: +192% Yearly EPS 2019: -8.03 2020: 4.43 2021: 2.21 The technical formation is shaping up nicely with a double bottom base. The yearly EPS is cause for concern is 2021 estimated EPS is lower than of 2020. For more info on double bottom bases: Thank you for reading the write up and be sure to tune in to Stocks Over Coffee for more insights!
NYSE:WLong
by HaleyZhao
2
Potential Wayfair Trade In Either DirectionWayfair (W) is sitting right on a support line that was established on a daily chart . This price level was resistance in July, support in September, and held as support all last week. The level was breached once but it did close above. Wayfair has been in a down trend recently. The point where it bounced Tuesday was right at a Fib Retracement from this big run it has been on, so that is another level to keep in mind if it were to break below the horizontal support line. What I like about charts like this is that we don't have to guess at what trade to take. Since we are sitting right on a sup/res line, if we open above this line, we can take a long position, with a stop slightly below. If we open below this level, we can take a short position with a stop slightly above. Since we are sitting right on a sup/res line, we will know right away if our trade idea is invalidated and we can exit with minimal losses. This one is on watch for Monday's open to see which direction it opens and what kind of strength or weakness it shows.
NYSE:W
by SevenStarMike