Baby Buntings price is undergoing quite a bit of compression in the lead up to its earnings announcement on the 15th of Feb. Several people have been somewhat bullish and if you look at the stock on the shorter time periods like 15m and 1h it does look like it might be setting up for an upward breakout. Buyers in the queue are pushing up as well. There is 20% or so room to move to get back to its previous highs so have taken a small punt to capture any significant upward movement. Stops are in of course.
1 HOUR VIEW
ABOUT BABY BUNTING
Baby Bunting Group Limited is a retailer of baby goods, primarily catering to parents with children from newborn to three years of age and parents-to-be. The Company is engaged in the operation of Baby Bunting retails stores and its online store, babybunting.com.au. The Company's product categories include prams, cots and nursery furniture, car safety, toys, babywear, feeding, nappies, manchester and associated accessories. The Company offers over 6,000 products. The Company sells private label and exclusive products. Private label products are sold by the Company under its own brand, 4Baby. The Company operates approximately 40 stores across all Australian states and territories, except Northern Territory and Tasmania. The Company offers additional services to its customers, including lay-by, car seat fitting, parenting rooms, which include baby weight scales, and an in-store/online gift registry.
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Bolly Breakout forming on the daily?
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...and we are off and running - 3 days out from earnings announcement. Leaky much?
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Didn't do much on earnings. Went the other way for a bit. I got stopped out for pretty much break even. Will probably now rocket of course :)