RVLV Trade on May 14, 2020 09:32 from Cklamb: Tradervue User Stock Trades.

RVLV
Statistics
Total gain/loss: $13.78 Largest gain: $13.78 (show)
Average daily gain/loss: $13.78 Largest loss: $0.00
Average daily volume: 60 Average per-share gain/loss: $0.46
Average winning trade: $13.78 Average trade gain/loss: $13.78
Average losing trade: n/a Trade P&L standard deviation: n/a
Total number of trades: 1 Profit factor: n/a
Number of winning trades: 1 (100.0%) Average hold time (winning trades): less than 20 seconds
Number of losing trades: 0 Average hold time (losing trades): 0
Max consecutive wins: 1 (show) Max consecutive losses: 0
Average position MFE: $13.78 Average position MAE: $0.00
Intraday Fundamentals
• Shares of Revolve Group Inc. rose 13% in after-hours trading to $16.50 after the ecommerce fashion retailer said second-quarter sales show improvement despite persistent headwinds to the industry caused by the Covid-19 pandemic.
• The company said that around mid-April, it saw sales declines start to improve each week for the past four consecutive weeks as well as the first ten days of May.
• "Our brand connection with customers continues to grow stronger and we believe the pandemic will further accelerate the shift to consumer spending online," Co- CEO and Founder Michael Mente said in prepared remarks.
• Revolve said it has seen more sales of beauty products and loungewear in April -- or what it describes as "at home" categories -- as people adhere to shelter- in-place orders around the world. However, these kinds of products have lower average selling prices than its other products, the company said, and it expects to see a meaningful decrease in average order value in the near future.
• The Covid-19 pandemic began to significantly dent sales in the final weeks of March, the company said. In April, net sales fell by around 40% year-over-year because the month has typically been one of the company's largest sales months. Revolve said sales usually peaks during the #REVOLVEFestival event, held in the Coachella Valley , but it was postponed due to the pandemic.
• The company said it expects its full-year gross margin to be below the 48.6% it reported in the fiscal first quarter, citing an anticipated reduction its net sales mix contribution from Revolve-owned brands, a shift to "at home" products that typically generate lower gross margin, and an increased promotional environment as retailers across the industry seek to clear excess inventory.
Technicals
ADV 1.14 RVOL 2.92 ATR 1.22 Short 41.45% Inst Own 95.91%
Daily

Hourly

Intra

Trading Strategy
• 17.75 should be a short if this can spike to this out of the gate
• A hold of 18 could set up for a long up to 21 ish
• 16 and 15.50 are currently S1 and S2 and 15 @ S3
• Look for a long @ 15.50 unless it fails quickly that work a long off 15.00 Yesterday HoD
• VWAP tests
• SMA Momentum plays
Reading the Tape
Yes.. I watched this crash through both areas I though might hold out of the open. I saw this dead stop at 14.54 and then hold just above .60 in the next candle.
Trade Management

Trade Notes
This is my best trade of the day. I took this on a tape read above essentially what I though was S3. I tried to bail at 15.40 but got filled on slippage at 15.15. I needed to consider just getting small considering where I had a legitimate stop. Although, I tend not to hold through the extra volatility. I needed to short the PM low as I watched it set up as well.