Wayfair (W) has formed a second stage double bottom with handle base. Volume spiked up the right side of the cup and is drying up in the handle. The stock had a bullish reversal support week the week of February 12, 2016.
While Wayfair is not expected to post positive earnings for at least another two years, it has beaten analyst estimates by 40% or more over the last three quarters, and sales growth has accelerated over the past four quarters from 39% to 81%.
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While Wayfair is not expected to post positive earnings for at least another two years, it has beaten analyst estimates by 40% or more over the last three quarters, and sales growth has accelerated over the past four quarters from 39% to 81%.
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