$CHWY - An Idea

Is $CHWY finding a bottom?

Online pet food retailer CHWY 0.00%↑ reports on 5/31. Couple charts for consideration.

Not much here. With earnings on the horizon, a move back towards the lows of exactly one year ago would be unsurprising.

But the relative chart is a bit more interesting. If we don’t see this one fade post earnings, it might be primed for alpha relative to the SPY 0.00%↑ . Holding the bounce here is key to any tactical long positions.