CATO CORP a long on breakout

NYSE:CATO   Cato Corporation (The)
A earnings surprise in September has lead to a nice rally which is now in a the process of forming a pennant\flag formation.
RSI is in a bullish trajectory.
MA 7&12 acting as support.
Possible 10% upside on break above resistance.
Stock is very fairly valued considering the yield and P/E ratio .

Average analysts price target $23
Average analysts recommendation Hold
P/E ratio 12.62
Yield 7.61%

Short interest
The Cato Corp. engages in the retail of women's fashions and accessories. It operates through Retail and Credit segments. The Retail segment offers fashion specialty stores. The Credit segment involves in credit card services. The company was founded in 1946 and is headquartered in Charlotte, NC .

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