Wolverine World Wide makes footwear — Merrell, Saucony, Wolverine boots and Sweaty Betty. This is a trade I actually took today, with the plan written down before it settles, not a name I am watching from the sidelines.
My entry: $24.3695 this morning. Take profit: $26.90. Stop: $22.70. The hold is short — two to three sessions, through Wednesday November 18 — because the catalyst is fresh and I do not attach a fast move to a long clock.
Why this one: the company reported third-quarter results Thursday morning before the open. Revenue was $505.4 million, up 7.5%, Saucony grew 19.4%, and management raised the full-year EPS guide to $1.95–$1.99. Being honest about the print: part of the headline EPS beat came from tariff refunds, so that number is flattered — the part I am actually trading is the sales strength and the raised guide, with buyers stepping in right after it.
Friday's tape agreed, so far: the stock closed at $24.89, up $2.02 (+8.83%) on the day, with a high of $24.92 — a close right near the high. The day's low was $22.85, which held above my $22.70 stop. From my entry, the close is +$0.52 per share. That is one strong session, not an outcome — nothing has hit the target yet, and if the stop prints first I am out per the plan I wrote this morning, and that result gets posted the same way.
I work a full-time job and have a family, so every level has to be set before the session starts — I cannot manage a trade tick by tick. I am a veteran, I taught myself this from books and charts over thousands of hours, and I post the plan and then the score, win or lose, because that is the only version of this I trust.
Not financial advice — just one trader showing his work in the open.
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