$BKE delivered a strong Q3 earnings report and the stock gapped and made new 52-week highs. With 35% of the float short, we believe $BKE is set to keep climbing as the shorts get squeezed. Here are the highlights from Q3: Buckle (NYSE:BKE): Q3 GAAP EPS of $0.53 beats by $0.10. Revenue of $224.12M (+4.2% Y/Y) beats by $6.34M. Buckle reported a comparable sales...
With retails sector getting crushed in the past few months, Buckle, Inc is a very strong candidate to trade in mid $10 in the next few weeks. Decreasing sales and revenue will continue to propel Buckle downwards until something changes fundamentally. More details here - blog.buysellshortcover.com
BKE is in a downtrend continuation. I'm expecting a wave down with the possible target posted on chart. Selling the breakout seems a good idea.