Chewy Inc (NYSE: CHWY) shares traded lower by 5.4% Friday after the company reported better-than-expected first-quarter earnings and revenue on Thursday afternoon.
Shares of Chewy, Inc. (NYSE: CHWY) may have broken resistance. This means the recent uptrend may continue.
There was resistance at the $77.50 because it previously been a support level. What was support can become resistance and that’s what happened here.
CNBC host Jim Cramer has advised investors not to sell their shares in Chewy Inc. (NYSE: CHWY) based on the online pet products company’s first-quarter earnings results.