Long Position on HAYW @ $24.25 on 7/30/2021 (Momentum)

Hayward Holdings, Inc. (HAYW) operates as a designer, manufacturer, and marketer of various pool equipment and associated automation systems.

The company offers a range of pool equipment, including pumps, filters, heaters, automatic cleaners, sanitizers, controls, and LED lights, as well as industrial thermoplastic valves and process liquid control products for in-ground residential pools, above ground pools, and commercial pools.

On August 2nd, Hayward Holdings (HAYW) reported a 1st Quarter March 2021 loss of $0.38 per share on revenue of $334.4 million. The consensus earnings estimate was $0.17 per share on revenue of $260.7 million.

Shares have formed a bullish "wedge" and are expected to move higher out of this formation.

Entry Point: $24.25

Trading Range: $15.61 to $26.82

Stop Loss: $23.00

Target Price: $26.69

Position closed on 9/1/2021 at price of $23.00 with a -5.15% loss in 33 days.

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