The chart may not be extremely bullish but we think it offers a good risk reward long into earnings.
It has not been a disastrous IPO for CHWY with reasonable stability in the stock price.
Currently sitting at the bottom of a well defined channel, we think the next move is up.
Folks love their pets and spending is set to soar in the coming years, CHWY also offers a specialized service that AMZN may not be able to beat.
COMPANY PROFILE
Chewy, Inc. operates as a web-based, pet supplies e-tailer. The company is an online source for a wide variety of pet products, supplies and prescriptions for dogs, cats, fish, birds, small pets, horses, and reptiles. It serves its customers through its retail website, www.chewy.com, and its mobile applications. The company was founded by Ryan Cohen and Michael Day in September 2011 and is headquartered in Dania Beach, FL
It has not been a disastrous IPO for CHWY with reasonable stability in the stock price.
Currently sitting at the bottom of a well defined channel, we think the next move is up.
Folks love their pets and spending is set to soar in the coming years, CHWY also offers a specialized service that AMZN may not be able to beat.
COMPANY PROFILE
Chewy, Inc. operates as a web-based, pet supplies e-tailer. The company is an online source for a wide variety of pet products, supplies and prescriptions for dogs, cats, fish, birds, small pets, horses, and reptiles. It serves its customers through its retail website, www.chewy.com, and its mobile applications. The company was founded by Ryan Cohen and Michael Day in September 2011 and is headquartered in Dania Beach, FL