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Historic Signal Says Chewy Stock Has More Room to Run
Schaeffers Investment Research· 2025-10-21 03:04
Pet e-tail stock Chewy Inc (NYSE:CHWY) is 0.2% higher to trade at $37.50 last glance, while sporting a 29.2% year-over-year lead. The $36 level emerged as a floor for CHWY after a pullback from an early September rally to its highest level since late June. Now, a longer-term trendline that coincides with that level of support indicates the shares have more room to run.Per Schaeffer's Senior Quantitative Analyst Rocky White, the equity is within 0.75 of the 260-day moving average's 20-day average true range ...