YETI - 2.13.2020YETI is struggling to turn a profit and losing momentum.
If Q1 earnings miss, I do not expect $38 to break. YETI may need to shave off $10 and retest $28 again.
YETI trade ideas
YETI - LongThis has been in a wide range consolidation since April 2019, approaching the all time highs and sticking within the ascending channel verified multiple times throughout 2019. This lengthy consolidation is healthy, and if the upcoming ER demonstrates continued growth and brand loyalty with YETI products- the upside here will continue. Think lululemon & black leggings, kleenex & tissue, ipod & phone, yeti & mug / cooler
YETI -- pulling back on the weekly channel from what i seeYETI -- pulling back on the weekly channel from what i see.... (some profits already taken at the top of the channel) --- The stock may be reluctant to continue climbing as it approaches its earning report.... we shall see.
Yeti— giving up recent gains!!I always say— take your profits when they present themselves and later buy back in on the low of the channels—-just my opinion.
It is just following the channel that I saw!! ....
And the stock reached its top.
Please do your own DD homework on any stock. These are just my humble opinions that i write about. Any articles OR CHART WRITE UPS, are not to be used as professional advice, or professional guidance in these forums. These are just my own thoughts on any particular stock. Thank you!
YETIGet those contractions...kidding, so for my own amusement got the main trend with bottom support, value area, and break out. Pretty straight forward. Personal opinion.
Yeti— riding upwards along the channel as was..mentioned....well done yeti on a friday finish. Some pull back on monday possible before riding up again!! We shall see!! IMHO THANK YOU
YETI -- it did push upward in the 2 hour channel as predictedYETI -- it did push upward in the 2 hour channel as predicted could happen as it didnt go below the channel line. (2hr charting) --- from yesterdays drop.
YETI - today will signal direction...Interesting 2HOUR intraday trend.
Black bar still showing higher lows as it drops. Let see if it can push higher and stay on track, with the lower volume or drop to the lower channel before reversing back up! It depends on volume and if bears are strong to pull down or just temporary....for day trading.
YETI - 2HR chart (needs to stay above 32.95 to keep momentum)YETI - 2HR chart ---from what is seen in this quick channel is it needs to stay above approx 32.90 level to keep momentum --- when finished at the end of day.... or may risk possible pull down to lower end of the channel (higher lows) before climbing up again... IMO.
Possible to take your gains and buy back in... or wait and see... since volume is not up to the daily average. May need more volume for momentum....
Eventually it will climb. DAY TRADING / MOMENTUM trading...IMO.
YETI LTF PlayI like this chart at least to the target here. just playing this ascending triangle a bit. Will update as I determine my next move. Current avg buy in is at 31.5
YETI - IMPORTANT levels to be aware of.....YETI - IMPORTANT levels to be aware of.....To get to the 12 month target YETI will need to pass certain resistances labelled accordingly on the chart. Another key factor will be its earnings report in FEBRUARY 13, 2020, as they will need to show some solid earnings beating the street.
YETI --- A "BUY" entry point possibe today ....YETI --- A "BUY" entry point possible today.... to turn the corner and should move upward along the new channel. All prospects loking good for now..
YETI - Weekly chart telling the story... ASCENDING TRIANGLEYETI - Weekly chart telling the story... ASCENDING TRIANGLE----- Often a bullish chart pattern, the ascending triangle pattern in an uptrend which is coming along nicely. Based on 8 analysts offering 12 month price targets for Yeti Holdings in the last 3 months. The average price target is $40.83 with a high forecast of $47.00 and a low forecast of $37.00.
The average price target represents a significant 30.32% increase from the last price of $31.33. So, it is currently well below the LOW. A Strong Buy is now based on 8 recent Analyst Ratings.
YETI --- lets see where this goes... today...YETI --- lets see where this goes... today... is this a channel within another chart rising up --- or going down to $30 eventually.. it depends how it plays out...
YETI --- Not a true flat top w/ climbing bottomYETI --- Not a true flat top w/ climbing bottom -- but looks like it is trying to go that route. It will need to break through upwards on the tops that are currently seen as resistance. The tops are not "clean". as they are jagged a bit. It is in a downtrend for the moment, regrouping.
YETI -- may continue to drop to $30 range as the pattern chartsYETI -- may continue to drop to $30 as in the pattern charts ----This will still be higher highs in the triangle pattern. Momentum trading in progress.
YETI . the recent drop in price reveals a larger pattern emergeYETI . the recent drop in price reveals a larger pattern emerging ---- as it moves in channels... up and down. In the long term ranges it still is producing higher lows.
Breakout alert set for Yeti HoldingsEntry level $36.70 = Target price $42 = Stop loss $35.50
Very high short interest 40%
p/e ratio 44
YETI Holdings, Inc. engages in the design, marketing, and distribution of products for the outdoor and recreation market. Its products include coolers, drinkware, travel bags, backpacks, multipurpose buckets, outdoor chairs, blankets, dog bowls, apparel, and accessories. The company was founded by Roy J. Seiders and Ryan R. Seiders in 2006 and is headquartered in Austin, TX.
YETI (YETI) Breaking out of a narrowing range. Due to the strong Beta of Yeti (2.96 [Stock moves 2.96x as fast as avg of market direction), expect a rip up if the "santa claus" rally truly takes off.
Volume is indicative of a move north, in addition to the clear consolidation, and break through upward channel price of $37.75.
YETI's expansion into international markets and their continued uptrend make for both a great swing trade in addition to a long position in the company.
As always...DYOR
YETI CHANNEL CHECK. YETI IS SOLD OUT! HUGE EARNINGS BEAT COMING?We are following YETI and SONO to see if the buyout rumors are true for either stock. We have not taken a position in either stock yet.
Late yesterday, we called in a channel check on YETI products. The company is sold out of many items.
We tried to order four (4), 14 oz Rambler Mugs, a majority of the colors are sold out and many others are on backorder.
Search Amazon for YETI Rambler 14 oz Stainless Steel Vacuum Insulated Mug with Lid and you'll see the mug is limited in colors and many are not available.
This is one (1) online store, this is one (1) item from YETI, add up every retailer that sells YETI and you have a possible explosion in earnings next qtr.
If YETI doesn't blow past earnings estimates next qtr, we will be shocked.
This is just an update for the people that purchased the stock.
Happy Holidays, Merry Christmas and Best of Luck with your trades!
BUYOUT RUMOR. NEWELL & YETIYesterday YETI made a run upwards of $35.50 due to a buyout rumor.
The rumor...Newell might make an offer for YETI somewhere between $42 and $45 a share.
Judging by the sales of YETI products on just Amazon alone, not counting any other store, YETI's next qtr numbers should be a blockbuster!
We are sitting on the sidelines of this rumor as we are with SONO. We do not own either stock.
Both stocks in our opinion, "could" be spectacular buyouts for another company looking to expand their product lines, revenue and net profits.
Newell owns Paper Mate,Sharpie, Dymo, EXPO, Parker, Elmer's, Coleman, Marmot, Oster, Sunbeam, FoodSaver, Mr. Coffee, Graco, Baby Jogger, NUK, Calphalon, Rubbermain, Contigo, First Alert and Yankee Candle.
It's crazy to think with all these TOP SELLING / POPULAR brands, Newell is only trading around $18.75.
The big kicker with Newell, the company pays an almost 5% dividend. If Newell took the huge dividend away and concentrated on boosting EPS, the stock would probably jump extremely higher.
If Newell buys YETI, the sale should immediately boost Newell's earnings pushing Newell stock price upwards of $25 a share.
Lets see what happens and if the Wall Street rumor plays out!
Best of Luck and Merry Christmas!
