SwingTraderEd

CHWY bottoming

Long
NYSE:CHWY   Chewy, Inc.
$CHWY looks to have found a bottom here. My target is 108 (the 78% Fib retracement). $CHWY has proven to absorb its pullbacks quickly in the past. The stock is also heavily undervalued, trading at half its enterprise value with positive free cash flow and P/R and P/S under 5. This stock is a strong buy for me right now.

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