Malibu Boats just got some big analyst upgrades on the strength of upward earnings revisions. It's been in a gentle upward channel, but I actually think it could break out and establish a steeper upward channel leading up to earnings in September. Watch for the upside channel breakout and then buy the pullback.
As always, this does not constitute investment advice, just an idea as to how the market will move. Full disclosure: I know the founder of this company.
As always, this does not constitute investment advice, just an idea as to how the market will move. Full disclosure: I know the founder of this company.
הערה:
Here's an alternative upside scenario.
הערה:
MBUU doesnt appear to be respecting my alternative upward channel either. Looks like it's down to the bottom of the yellow channel for MBUU.
I'll go long at about 36.25, if it gets that low.