Long Position on BOWL @ $14.50 on 10/27/2022 (Momentum)

Bowlero Corp. (BOWL) operates bowling entertainment centers under the AMF, Bowlmor Lanes, and Bowlero brand names. 

The company also provides hosting and overseeing professional and non-professional bowling tournaments and related broadcasting.

As of July 3, 2022, it operated approximately 317 centers in the United States, Mexico, and Canada.

On September 15th, BOWL reported Quarter June 2022 earnings of $0.09 per share on revenue of $267.7 million. The consensus earnings estimate was $0.02 per share on revenue of $195.2 million. The next report is due December 15th. 

Shares have formed a bullish "cup and handle" and are on the cusp of breaking out of this formation. 

Entry Point: $14.50

Stop Loss: $13.75

Trading Range: $6.96 to $14.99

Target Price: $16.00

Position closed on 11/14/2022 at price of $15.00 with a 3.45% gain in 18 days.

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