Long Position on SONO @ $18.50 on 11/19/2020 (Momentum)

Sonos, Inc. (SONO), together with its subsidiaries, designs, develops, manufactures, and sells multi-room audio products in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company provides wireless speakers, home theater speakers, components, and accessories.

It offers its products through approximately 10,000 third-party retail stores, including custom installers of home audio systems; and e-commerce retailers, as well as through its Website sonos.com.

The company was formerly known as Rincon Audio, Inc. and changed its name to Sonos, Inc. in May 2004.

After an incredibly strong earnings report of 650%, the stock seems to be heading higher.

Entry Point: $18.50

Trading Range: $16.90 - $17.59

Stop Loss: $17.50

Target Price: $20.35

Updates

11/30/2020 2:31:14 PM

SONO closed at $22.65

Position closed on 11/30/2020 at price of $22.65 with a 22.43% gain in 11 days.

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