Long Position on WGO @ $35.75 on 12/20/2016 (Momentum)

Winnebago Industries, Inc. (WGO) manufactures and sells recreation vehicles primarily for use in leisure travel and outdoor recreation activities.

The company manufactures motor homes, which are self-propelled mobile dwellings that provide living accommodations and include kitchen, dining, sleeping, and bath areas, as well as a lounge.

It also provides travel trailers and fifth wheel trailers under the Winnebago brand name; component parts for other manufacturers; motorhome shells for law enforcement command centers, mobile medical clinics, and mobile office space; and commercial vehicles as bare shells to third-party upfitters.

The company sells its products primarily through independent dealers in the United States and Canada.

Shares rebounded from their 50-day moving average in November following the Election Day. Shares have now formed a bullish "cup and handle" and are expected to head higher from the bullish formation.

Buyer Beware: The firm reports its quarterly results tomorrow. Esttimates call for a profit of 31 cents on revenue of $232.34 million.

52-Weeks Trading Range: $15.41 - $36.40

Entry Point: $35.75

Stop Loss: $33.90

Target Price: $39.33

Updates

1/23/2017 10:13:50 AM

WGO closed at $31.20

Position closed on 1/23/2017 at price of $31.20 with a -12.73% loss in 34 days.

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