In our last review of YETI Holdings (YETI) back on May 24, we recommended that "Traders could go long YETI at current levels risking to $81. The $135 area is our price target now." Prices rallied into early August and have made a correction recently. Can go YETI higher still?
More from Investing
These recently downgraded names are displaying both quantitative and technical deterioration.
The big question now is whether the selling over the new variant was severe enough to produce some bounce action next week?
My view is to eat some leftovers, let the rest of the day play out, and come in fresh on Monday.
Because things are changing in the world, make sure your portfolio is protected with real returns.