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YETI Holdings Inc. (YETI) – stock is trading around $31.79 dollars as of October, 14, 2019 and offering a possible buying price between $31.92 – $33.52. Let’s look at the stocks technical actions using a weekly chart.
2. The stock took almost 4 months to form an IPO base.
3. The stock brokeout from the IPO base in mid February.
4. The stock had a solid run after the breakout.
5. Then the stock went to a wild consolidation mode. The general markets were very volatile too during this time.
6. After loosing the key 50 day moving average during the shakeout period, the stock finally retook the line last week.
7. The stock is offering possible buying price between $31.92 – $33.52, with a stop loss at $29.37.
This stock is already part of the Stocks Under 50 Dollars pick and performance will be tracked here .
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