June 22, 2021, 4:39 pm EDT
Let’s Cowboys Kick – Boot Barn Holdings, Inc (BOOT)
Economic recovery will bring the consumer to get back into spending mode after being constrained by the COVID-19 for about 1.5 years. Shoes and boots are some of the most profitable items in the fashion industry.
Boot Barn Holdings, Inc (BOOT) is a 2 billion market cap boot makers with outstanding growth in most quarters. Kicking out another 52-week today should get our attention to see if we would like to join the ride. Here are some highlights:
- Impressive +37% sales growth and +317% earning growth
- Technical setup with staging rectangles and breakouts
- Remember CROX made more than +1000% return in about a year
- More people flock into Texas and maybe it could drive up Western-style boots for future
The entry point is 81 with protective sell-stop 72
