Hayward Holdings

$HAYW

HAYW 0.00%↑ (pool pumps) is yet another of the post-IPO setups that’s hit my radar.

Post-earnings gap up which was quickly filled following the events of early August, and the stock is poised to close the week right back where that began. It’s above the AVWAP from it’s IPO, an important level in my view, particularly for these relatively newer stocks. Volume bars on the right show that the majority of transacted volume occurred within the range of $10-$15. This means you don’t have a wall of sellers above that might be looking to hit the exits on a break back up to their cost basis.