This retailer had couple dissapointing earnings
before, but on the last it beat above consensus with EPS
surprice 0.11 and gapped up with pivot
support @ $7.00 that was confirmed and retested in the mid of April
. And from the beginnig of May it is building nice upper-level base in front of resistance $9.30. Yeasterday, it broke up tight consolidation which triggered my entry. Will be great to see continuation through resistance then we have 200 MA at $10 which could be our first target.
Stop below moving averages $8.20ish
Stock was underperforming vs overall market because of weak fundamentals. We have earnings
on 15 of May.