Wednesday, February 17, 2021 1:20 PM EST
Shares of Stitch Fix Inc (SFIX) continue to sell. The stock is now down from its recent all-time high of $113.76 to $77.30. This collapse comes on the back of investors deleveraging and selling a stock that was far too pricey when looking at revenue and earnings. Stitch Fix stock chart analysis says there is a multi-factor support level approaching at $72.35.
The multi-factors are the former pivot high from December 2020 and the daily 50 moving average. These two levels converge and give major support at the $72.35 price. Look for a swing trade bounce in the stock off this level, perhaps as high as $85.00. The Stitch Fix stock chart analysis is classic and a high reward to risk quick trade setup.
Disclaimer: All comments made by InTheMoneyStocks, LLC and its subsidiaries, instructors, and representatives are for educational and informational purposes only and should not be construed as ...
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Disclaimer: All comments made by InTheMoneyStocks, LLC and its subsidiaries, instructors, and representatives are for educational and informational purposes only and should not be construed as investment advice regarding the purchase or sale of securities, or any other financial instrument of any kind. Please consult with your financial adviser before making an investment decision regarding any securities mentioned herein. InTheMoneyStocks, LLC and its representatives assume no responsibility for your trading and investment results. All information on the website was obtained from sources believed to be reliable., but we do not warrant its completeness or accuracy, or warrant any results from the use of the information. InTheMoneyStocks, LLC, its employees, representatives and affiliated individuals may have a position or effect transactions in the securities herein and or otherwise employ trading strategies that may be consistent or inconsistent with the provided strategies. Trading of any type involves a very high degree of risk. Futures and Options trading are not suitable for all investors. Past results are not indicative of future results. InTheMoneyStocks, LLC, its subsidiaries and all affiliated individuals assume no responsibility for your trading and investment results.
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