The consumer discretionary (i.e. retail) sector has made a bullish MACD cross on its weekly chart. It's also above signal line on the daily chart. This suggests the sector is entering a new medium-term uptrend. Now should be a good time to buy and hold the sector.
Tailored Brands has been in a *steep* decline since its high of 35.86 in May 2018. It fell all the way to just above 5.00 this month. Wow. However, I see signs of reversal. Firstly, we've broken out of the downward parallel channel that the stock inhabited for a year. Secondly, We've formed what looks like a double bottom pattern. Thirdly, the stock's...
American Eagle recently dropped to the bottom of its channel on a couple analyst downgrades, but it could see a short-term rebound. It's a buy Monday below 16.70, with stop loss 16.62.
American Eagle oversold, and the accelaration in the stock is not justified (in my opinion). They are on the pace of gaining market share from VS and continue to grow. I believe pace of sell off was just too steep. Based on recent high frequency economic data and Jerome Powell's comments, consumer spending is solid and US retail sales are good, I believe close to...
Autozone has been in a downward slide, but we have two support levels coming up that could push it upward through its trendline for a short-term rebound. A break through that downward trendline is the buy signal. Autozone has excellent analyst ratings and a long-term uptrend.
Revolve's finding some support at 34 and its MACD on the hourly chart is looking more and more bullish. It could still drop to 32, so I set a larger buy order at that level, but I've got a small position here and am expecting a pop by next Wednesday, likely earlier.
Kohl's (KSS) has been looking better and better on its MACD for a while now, and I've just been waiting for breakout above trendline resistance to confirm its upward reversal. This morning it finally got across the line. It may yet pull back a bit, but I suspect we've seen the bottom for this stock and will begin to see recovery from here.
I've been closely watching Hibbett Sports, which met stiff resistance at 19.20. This morning it's formed an upward trendline toward the top of its channel. With good analyst ratings, Hibbett could even break out of its downward parallel channel in the relatively near future. At the very least it should rise steadily today.
Revolve has formed am upward parallel channel since its IPO. It's currently in the bottom half of the channel, with support from a trendline that's parallel to its channel. So far we're looking good for a reversal upward tomorrow based on this trendline support. Set tight stops, however, in case we breach support and head downward to channel bottom. Then look to...
After recapturing its 200 DMA back in January, JUMEI INTERNATIONAL HOLDING LTD - NYSE:JMEI has been trading in a side-ways grind and finds itself basing and working on its right-side as is evidenced in the Daily chart above. In addition, JMEI now finds itself trading above all of its important moving averages 20/50/200 DMA's, which portrays a healthy...
This time we have strong fundamental analysis that supports an upcoming bull run. KR's earnings report came out a couple days ago and were 31.72% greater than expected! However, stronger evidence on the technical side is needed to convince me of a good buy. I'll wait on bullish confirmation from the 12 period EMA and evidence of a turnaround from the MACD.
If this is a wedgie and today's action completes the formation then the target is a little under $41. Of course with this pumptarded market, I'm expecting a big futures buy on close and a gap up again tomorrow before the tank on Fed dot plot.
AOBC opened way up, around the $10.00 level, and then retraced a lot further than I expected, to support at about $9.37. This is a good price to grab for a likely slow gain throughout the day. AOBC posted a great earnings beat yesterday, but mixed guidance-- thus the retracement.
Chewy made a downward triangle breakout and will consolidate for a little while. It should find some support at this price level, which in the short time since its IPO has been a fairly high volume level. However, Chewy's fundamentals don't check out. It's an unprofitable company and doesn't appear to be making progress toward profitability. It may breach support...
A lot of last results have been priced in for some time now. Progress has been done by company recently & they are ready to post a trading update very soon most likely this week. recent bullish divergence BoD have been buying as of late Looking for at least 50-100% here, hopefully trading update will catch many by surprise.
Hibbett Sports is at the bottom of a downward sloping channel, but it's at a support in the 19.15-19.29 range, so I think we'll see a short-term rebound. Hibbett has pretty good analyst ratings and is undervalued based on its P/E and expected earnings growth.
Lululemon is looking like a good long bet, with a recent earnings beat, bullish analyst ratings, and an upward-sloping parallel channel. I think its current upward curve is hitting trendline resistance, however, so hopefully we'll see a pullback to the bottom of the channel that will afford a buying opportunity for a long position.
Restoration Hardware, which gapped upward on an earnings surprise a few days ago, has been in a sharp downward triangle ever since. Today it's testing a support zone from about 105.30 to 109.60. I wouldn't be surprised to see an upward breakout from the triangle, especially considering the strong retail sales report the Commerce Department released. To be honest,...