Long Position on WGO @ $53.20 on 12/30/2019 (Momentum)

bullish cup and handle $WGOWinnebago Industries, Inc. (WGO) manufactures and sells recreation vehicles and marine products primarily for use in leisure travel and outdoor recreation activities.

The company operates in five segments: Grand Design Towables, Winnebago Towables, Winnebago Motorhomes, Chris-Craft Marine, and Winnebago Specialty Vehicles.

It provides towable products that are non-motorized vehicles to be towed by automobiles, pickup trucks, SUVs, or vans for use as temporary living quarters for recreational travel, such as conventional travel trailers and fifth wheels under the Winnebago and Grand Design brand names; and other outdoor lifestyle products under the Chris-Craft brand name.

The company also offers motorhomes, which are self-propelled mobile dwellings used primarily as temporary living quarters during vacation and camping trips, or to support active and mobile lifestyles under the Winnebago brand name.

In addition, it offers other specialty commercial vehicles for law enforcement command centers, mobile medical clinics, and mobile office spaces; commercial vehicles as bare shells to third-party up fitters; and boats in the recreational powerboat industry. Further, the company is involved in the original equipment manufacturing of parts for other manufacturers and commercial vehicles.

The company sells its products primarily through independent dealers in the United States and Canada. Shares have formed a bullish "cup and handle" and are expected to move higher.

Entry Point: $53.20

Stop Loss: $50.50

Trading Range: $23.16 to $53.97

Target Price: $58.52

Updates

1/15/2020 12:37:50 PM

WGO closed at $55.90

Position closed on 1/15/2020 at price of $55.90 with a 5.08% gain in 16 days.

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