Hayward Industries - a manufacturer of swimming pool equipment - has gotten horrendously beaten down as of late. In short -> as to the stock price -> they have had issues with their supply chain as noted on the Q3 conference call and they got obliterated shortly after a quick pump up in December.
I believe that the expectation for them is so low going into Q4 earnings that any good news will send the stock on a rally. For a trade, I'd look to fill the gap at the very least (circled on the chart). I myself am starting a 50% position here, will add the remainder after the conference call if there is a further pullback.
I believe that this summer will be another strong one for the swimming pool industry - as long as Hayward can come reasonably close to meeting demand the stock will soar.
They are a primary supplier of POOLCORP (POOL) which is of course one of the best performing stocks of the last 20 years, and Hayward only recently went public after an eighty (80 - thats right!) year run as a private company.
To get another shot at the IPO price is a rare opportunity in my opinion.
I believe that the expectation for them is so low going into Q4 earnings that any good news will send the stock on a rally. For a trade, I'd look to fill the gap at the very least (circled on the chart). I myself am starting a 50% position here, will add the remainder after the conference call if there is a further pullback.
I believe that this summer will be another strong one for the swimming pool industry - as long as Hayward can come reasonably close to meeting demand the stock will soar.
They are a primary supplier of POOLCORP (POOL) which is of course one of the best performing stocks of the last 20 years, and Hayward only recently went public after an eighty (80 - thats right!) year run as a private company.
To get another shot at the IPO price is a rare opportunity in my opinion.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.