KeeneOnMarket
Long

Bullish Flow in HGG

NYSE:HGG   HHGREGG INC
132 1 1
hhgregg, Inc (HGG) is a consumer electronic retailer operating 208 stores in states across the country. The company’s stock is currently trading around $8.45 in a 52 week range of $7.23-$20.75. The stock has underperformed the market over the past year with shares down 13% in the past 12 months. Options action in today’s trading session would however suggest that traders believe the stock will rally through April expiration. Early in the session a trader sold 3,000 HGG Apr 6 puts to buy 3,000 Apr 9 calls for a net debit of $0.55. This bullish risk reversal carries a high level of risk and suggests that this trader’s level of conviction is relatively high. This block also represents volume over 3 times the average daily option volume in HGG. Although the stock is trading below the Ichimoku Cloud it has rallied hard off of its 52 week lows in over the past week. We believe that order flow this strong and the strength in very recent price action is justification for a long position in HGG.
I'm flying to Chicago....I've got to see this data feed. I've got every data feed on a Retail level except for Bloomberg...and nothing gives me access to anything close...
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out