Posted on June 14, 2021
We’re going straight for the jugular today, with a downside bet on the folks who coat, paint and spill filmy glazes all over your car, XPEL, Inc. (NASDAQ:XPEL).
There’s not a lot you need to know about these jalopy-stainers.
First up, the fundamentals are anything but convincing, even for a ‘growth’ stock – whatever that might mean in this environment (a security that rises in value too fast to be explained otherwise).
The stock climbed 1156% since striking its Batflu bottom last March, with an outsize portion of the gain coming in just the last month, following a finger-licking earnings report.
The company beat expectations handily, scoring $0.25 on analyst projections of just $0.18.
But it’s more in the technical realm that we now see cause for worry.
Below is the daily chart for the last six months.
Turn to Hashem – He and only He can save you!
With kind regards,
Hugh L. O’Haynew