January 6, 2021, 10:00 am EST
Outdoor Gears – Vista Outdoor (VSTO)
- COVID-19 pandemic changes people’s lifestyle after nearly a year shutdown, work-from-home, stay-home order. In fact, diseases spread much further and worse so this situation is likely to get worse not better. It means that many activities are going to impact for the long term. Indoor activities like restaurant, movie, mall shopping, bowling, bars, suffer the most. But outdoor activities are on the rise like biking, camping, shooting, fishing, etc.
- Fundamentally, explosive growths comes to VSTO the last quarter (11100%)
- Technically, after breaking out 24, VSTO is ready to start its uptrend journey above 26-27
- Entry point is 26 and sell-stop 23