$AZEK Nice Breakout with Upgrades

NYSE:AZEK   The AZEK Company Inc
I took a position in this on 4/7 on confirmed breakout from down trend and added again today. Upgrades on 4/8 from Barclay's to overweight PT $55 and Loop Capital initiates coverage with Buy rating and $52 PT.

From earningswhispers.com:

Feb 11, 2021

The Azek Company Inc Cl A ( AZEK ) reported 1st Quarter December 2020 earnings of $0.14 per share on revenue of $212.3 million. The consensus earnings estimate was $0.10 per share on revenue of $210.9 million. The Earnings Whisper number was $0.16 per share.

The company said it expects fiscal 2021 revenue of $1.025 billion to $1.06 billion. The company's previous guidance was revenue of $989.2 million to $1.025 billion and the current consensus revenue estimate is $1.02 billion for the year ending September 30, 2021.
Trade attivo
Commento: 4/15 sold the 25 share add-on @ 47.29 for small profit. Still carrying the original 100 and moved the stop to $46.00 guaranteeing a small profit. I'll continue to trail my stop on this while at the same time giving it more room as the price increases. All TBD.
Trade chiuso manualmente: 4/20 Closed trade for small profit @ 46.83 / 5.9% profit. Sold to reduce risk. Market down 2 days in a row. Mostly in cash now.

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