The initial target here is $16 with a secondary target of $17.50 on this breakout, with a time frame of a month or less.
Here's how to play shares of this company ushering in the subscription economy.
Where can Zoom go? Higher ... and then higher still.
With people shut out of gyms and many now working out at home due to the coronavirus, the trade is to short Planet Fitness and go long Peloton.
Consumers who never before considered buying certain items online are now doing so. Once they get used to the convenience, that habit will become permanent.
While it might be tempting to buy any dip, the coronavirus' quick spread, recent downgrades, softness in services and other factors should give pause.
This unloved part of the market has frequently produced some of the biggest gainers within my personal portfolio over the years.
Prices have trended higher for a year and are now retesting highs from July.
Despite strong results and steady guidance, I would prefer to see this one move on share price before going long on BBY.
There are four possible headline risks that could put the kabosh on these markets.