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SFIX - Stitch Fix, Inc.

Discussion in 'Stock Message Boards NYSE, NASDAQ, AMEX' started by bigbear0083, Jun 6, 2019.

  1. bigbear0083

    bigbear0083 Content Manager
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    Stitch Fix, Inc. sells a range of apparel, shoes, and accessories through its Website and mobile app in the United States. It offers denim, dresses, blouses, skirts, shoes, jewelry, and handbags for men, women, and kids under the Stitch Fix brand. The company was formerly known as rack habit inc. and changed its name to Stitch Fix, Inc. in October 2011. Stitch Fix, Inc. was founded in 2011 and is headquartered in San Francisco, California.
     
  2. bigbear0083

    bigbear0083 Content Manager
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    Stitch Fix (SFIX) Smashed Earnings, Gaps Up 24%

    For the second quarter in a row, popular online clothing retailer Stitch Fix (SFIX) has reported an earnings triple play. Reporting after yesterday's close, SFIX handily beat EPS estimates of -$0.03 with an actual EPS of $0.07. Revenues also came in at $409 million, $13.94 million above estimates. While the company has never struggled to beat estimates (has only missed revenues once and never missed EPS), SFIX is very volatile on earnings. On average, it has seen an absolute change of 20.19% on its earnings reaction day. In response to last night's report, SFIX is sticking to that script with a gain of over 16%.

    [​IMG]

    At today's open, SFIX surged to gap up just over 24% to $29.23! Briefly afterward, it ran a little bit higher to just under $30. But like last quarter, so far in today's session, these levels are not holding as the stock has been falling since the open, down to $27.73 as of this writing, but still a respectable 18% higher than last night's close. Whereas the initial gap up brought SFIX through both the 50 and 200-DMA, today's intraday selling has sent the price back down towards the 200-DMA and early May's lower high, so it will be important for those levels to hold into the close. The next support level to watch after that will be the 50-DMA. Looking back at the stock's reaction to its earnings report last quarter, it wasn't very inspiring. After rising 25.2% in response to its last triple play, SFIX was never able to make a move higher with a series of lower highs and lower lows being made throughout the quarter. While it did not happen the same day as earnings, the 200-DMA and 50-DMA did not provide much support but instead acted more as resistance.

    [​IMG]
     
    T0rm3nted likes this.
  3. Syynik

    Syynik Active Member

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    I'm seeing more Stitch Fix boxes and hearing them mentioned along with Rent The Runway lately....just my personal .02.
     
  4. T0rm3nted

    T0rm3nted Moderator
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    Lots of support here (200MA, 50MA, and ascending support). Not playing it, but watching

    upload_2019-6-10_11-17-51.png
     
    Syynik likes this.
  5. StockJock-e

    StockJock-e Brew Master
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    Double bottom in place?
     
  6. Syynik

    Syynik Active Member

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    Earnings March 9, 2020. This thing is whipsawing a lot lately. I'm up, but pondering loading up some more shares around $22.00 or so.
    I also read somewhere about a short squeeze. I can only hope!
     
  7. Syynik

    Syynik Active Member

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    Well, ouch. So much for that support. Possible over-reaction because of yesterday's bloodbath?
     
  8. Syynik

    Syynik Active Member

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    :eek: What the hell, SFIX???

    Seeing a nice gap that will need filling on the weekly chart.
     
  9. Syynik

    Syynik Active Member

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  10. Syynik

    Syynik Active Member

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    Nice action here in the weekly chart. I'm in at an average of $18.15. Come to mama, you cup and handle, you! You too, you nice big gap!
     
  11. Syynik

    Syynik Active Member

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  12. Syynik

    Syynik Active Member

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    I had a really pleasant surprise after the market closed today; Within 30 minutes, SFIX had jumped over 30%.
     
    T0rm3nted likes this.
  13. Syynik

    Syynik Active Member

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    I sold SFIX this week. In at average of $18.15, out at 70.55. That gap was making me nervous, AND--I haven't seen a single SFIX box at my job.

    I'd probably pick it back up once/if that gap fills, but in the meantime I'll wait for CHWY to come down a bit.
     
  14. T0rm3nted

    T0rm3nted Moderator
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    Awesome trade, well done!
     
    Syynik likes this.
  15. Syynik

    Syynik Active Member

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    Thank you, T0rm3nted! I'm primarily interested in long term holds but my brief and bloody daytrading experiments left me with some skills, thankfully.
     
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  16. Syynik

    Syynik Active Member

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    New ATH for SFIX. I'm REALLY irritated at that gap that won't fill. :mad:
     
  17. AmericanStockResearch

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    Used to like SFIX a lot when it was trading around $20 odd, but they are horribly overpriced now for long term investors.

    But seems like traders are enjoying the stock :)
     
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  18. Syynik

    Syynik Active Member

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    Good point--I honestly expected the gap fill to come after it hit 70. Not a problem, but I wouldn't touch it up here either.
     

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