Short-Sale Set Up - Snap (SNAP) & Errata re: Chewy (CHWY) - 2/27/22
| Published: | 27 Feb 2022 17:02 ET |
Chewy (CHWY) was not reported on the week before last, as erroneously mentioned in the Focus List Review sent out earlier this weekend - our apologies. It had a similar formation to Snap (SNAP) at that time as it rallied into its 50-day moving average. After a sharp break this past week CHWY is bouncing on a U&R type of cover-point move so is not in an actionable position. SNAP, however, has pulled a low-volume rally back up into its own 50-day line which brings it into short-sale range using the 50-day moving average as a covering guide.
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