Long Position on RVLV @ $47.00 on 4/7/2021 (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.

The company was formerly known as Advance Holdings, LLC and changed its name to Revolve Group, Inc. in October 2018.

After a price target raise from $47 to $58, share prices of this stock should be heading higher.

Revolve Group, Inc. 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.

Entry Point: $47.00

Stop Loss: $44.65

Trading Range: $8.77 - $55.83

Target Price: $51.70

Updates

4/12/2021 3:34:55 PM

RVLV sold for $52.10

Position closed on 4/12/2021 at price of $52.10 with a 10.85% gain in 5 days.

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