WINNEBAGO INDUSTRIES (NYSE:WGO) Breakout Swing Trading Idea

TRADING IDEA (Momentum Swing Trading Breakout)

Winnebago Industries, Inc. engages in the design, development, manufacture, and sale of motorized and towable recreation products. The company is headquartered in Eden Prairie, Minnesota and currently employs 6,532 full-time employees. Read the full profile here.

STRATEGY

Breakout Swing Trading Idea

1. clean breakout during last trading session (+8.8%)
2. strongly increased buying volume
3. closing price above current daily resistance level
4. long term trend just turned positive on weekly chart
   

Last earnings: 2022-06-22

Next earnings: 2022-10-18

ACTUAL SETUP

• Buy Stop | $63.21
• Limit | $63.30
• Stoploss | $57.48
• Target | first and second target area on weekly chart
  
  

ADDITIONAL INFO/TIPS

• Use our ChartMill Postion Sizing Tool to calculate the maximum number of shares you can buy, depending on your available capital!
• Why using Stop Limit Orders?

Disclaimer: These trading ideas are merely to demonstrate what ChartMill is capable of and shows some typical results of a breakout filter. It is in no way actual financial advise to invest or trade in these stocks. The author has no pre-existing position in any of these stocks.