How to Trade Chewy When It Reports Earnings on Tuesday

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As e-commerce continues to do well, so too does Chewy  (CHWY) – Get Report. At Monday’s high, shares were up almost 4%, although those gains have now been clipped to about 1% on the day. 

The rally comes after a solid stretch for the stock and ahead of the company’s earnings report scheduled for after the close of trading on Tuesday.

The stock has now rallied almost 37% from the Nov. 10 low, currently up in 13 of the last 18 trading sessions assuming the stock closes in the green Monday.

In fact, the strong run Chewy has been on has likely been an encouragement for Petco to conduct an initial public offering.

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