Long Position on VZIO @ $27.00 on 4/29/2021 (Momentum)

VIZIO Holding Corp. (VZIO), through its subsidiaries, provides smart televisions, sound bars, and accessories in the United States.

It also operates Platform+ that comprises SmartCast, a Smart TV operating system, enabling a fully integrated home entertainment solution, and data intelligence and services products through Inscape.

Its SmartCast delivers content and applications through an easy-to-use interface, as well as supports streaming apps and hosts its free ad-supported video app, WatchFree, as well as VIZIO Free Channels.

In addition, the company provides support for third-party voice platforms. It sells its smart TVs, sound bars, and accessories to retailers and through online channels. Shares of this recent IPO have formed a bullish "double bottom" and are expected to move higher out of this formation.

Last Trade: $27.00

Stop Loss: $25.75

Trading Range: $17.25 to $27.48

Target Price: $29.85

Position closed on 9/1/2021 at price of $24.00 with a -11.11% loss in 125 days.

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