$CHWY On The Move
$CHWY
I haven’t posted about CHWY 0.00%↑ since December.
It’s been a portfolio laggard for me personally, and while I thought about an update after the post earnings gap up that happened 3 weeks ago, today was really what I was waiting for.
We’re right back in the same spot we were in December. Playing against $22, which has been a frequent touchpoint in the stocks history, we failed back in December. The price action today has taken the stock above those December highs. The close will be important, but if CHWY 0.00%↑ hangs onto this, we don’t really run into much potential seller resistance until $32.