A train wreck stock that could recover big in 2016

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Tuesday Morning Corp             . (NASDAQ: TUES             ) had a rough year 2015. In early 2016 the stock appears to have found a bottom. The Chaikin Money Flow indicator shows growing accumulation (buyers) and the price broke recently above the descending triangle . The stock is nearing the SMA 200 (red line) from below and should breakout much higher once it's back above the SMA 200. The bottom region around $5 has been tested several times already and seems to hold. Therefore I recommend to long this stock in 2016.

Entry: around $6
1. Target: $11
2. Target: $15
Stop loss: $4.5

Headline idea:

More info from last earnings:

Tuesday Morning should ultimately emerge a stronger company (...) when initiatives are actually bearing fruit on the bottom line.

Long-term view:

Short-term view

Short-term view (alternative)
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