Long Position on RVLV @ $46.50 on 3/2/2021 (Momentum)

Revolve Group, Inc. (RVLV) operates as an online fashion retailer for consumers in the United States and internationally.

The company operates through two segments, REVOLVE and FORWARD.

It operates a platform that connects consumers and global fashion influencers, as well as emerging, established, and owned brands.

The company provides women's apparel, footwear, accessories, and beauty styles under established and emerging brands, as well as owned brands.

It also offers various luxury brands. 

Shares have formed a bullish "flag" following the company's latest quarterly report. On February 24th, Revolve Group reported Quarter December 2020 earnings of $0.17 per share on revenue of $140.8 million. The consensus earnings estimate was $0.11 per share on revenue of $135.8 million. Revenue fell 4.6% compared to the same quarter a year ago. Higher share prices are expected for this stock. 

Entry Point: $46.50

Trading Range: $7.17 - $50.89

Stop Loss: $44.10

Target Price: $51.15

Updates

3/15/2021 9:52:16 AM

RVLV closed at $52.30

Position closed on 3/15/2021 at price of $52.30 with a 12.47% gain in 13 days.

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