SKY

 SKY

SKYLINE CHAMPION CORPORATION







Skyline Champion Corp. engages in the manufacturing and retail of mobile homes and other manufactured housing. It builds homes under the following brands: Skyline Homes, Champion Home Builders, Athens Park Model RVs, Dutch Housing, Excel Homes, Homes of Merit, New Era, Redman Homes, Shore Park, Silvercrest, Titan Homes in the U.S. and Moduline, and SRI Homes in western Canada. It operates through the following business segments: U.S. Factory-Built Housing, Canadian Factory-Built Housing, and Corporate and Other. The U.S. Factory-Built Housing segment includes manufacturing and retail housing operations. The Canadian Factory-Built Housing segments relates to selling houses. The Corporate and Other segment refers to the company's transportation operations, corporate costs directly incurred for all segments and intersegment eliminations. The company was founded in 1959 and is headquartered in Troy, MI.


There is concern here. Techincals brought me in as they are wonderful and in a strong indsutry. Financials saw a dip this year. Price has not quite reflected it. 

Earning is coming soon Feb5, if it is not good and market does not like it, there is not a clear reason to hold through a downturn.

That being said, the chart is so pretty. No way I couldn't take it.

Looked at similar dates, Volume and other metrics showed a lot of similar patterns and breakouts. Lots of 100% green M/Q, very little under 50%. Very promising. 

Couple days after entry

MFE
M 12% 76.50
Q 20% 82

MAE
W -3% 66.30

Avg Return
W 1%
M 3.5%
Q 3% 

Avg Return on hpb queries is +12% on M and +18% on Q, which is inline with MFE.

So if we get a good breakout and queries continue to stay green, those are good numbers. 
 

2/4

Great turn up into earnings Monday after close. Added some last week as bounce and rips were great.

Industry leaders are great, super strong very clear coiling happening

Queries edge to green, Earnings will be big decider here but I like all I see. 

2/11

Earnings explosion. Flag, and rip again. Good news all around. Industry also seeing good setups. Needs more followthrough, but SKY as of now is the leader. ATH at 86 seeming very likley. Holding for then. 

Queries are not great. Negative returns across the board, telling me topping soon. Green closes vastly under 50% Partial needs to be taken. 1HR 20ma saw the most recent curl and hold and rip. If it cant do it again, thats my signal. Q% at 50% led to being higher 83% of the time a quarter later. But nearlt everything else says dropping. 

Industry is great, tons of strong setups and moves. 

Frequent dates also show a lot of para tops that reverted. 

1hr20ma close under stop.

2/23

Continues to rip, let it be. Industry still very strong.


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