On the news we could see some re-openings of the economy in certain states. Retail is breaking out of a 2-week consolidation channel; after a double bottom April 3rd. RSI @60, is in an uptrend. (Bull) OBV is still consolidating (Bear) We are testing the 50% fibonacci retracement line at $36.5 (closing price will be important)
Everyone stuck at home for several weeks (months?) working seems to have cause a run on home work (computer monitors for example) and entertainment. Reluctant to ride public transit or go to sporting events or travel, consumers not shy to visit stores carrying what they need to survive at home.
Amazon has triggered a sell signal for me. Targets listed on the chart.
Christmas shopping might just be around the corner, waiting to see conformation will probably be a longer waiting game for this one. 180 EMA is looking better but we'll have to stay and see where this goes, dividend is good. Keeping on eye on this for now, bullish so far based on what it's show the past 3 months
ETSY is a beloved gem for on-line craft shopping around the holidays just a few weeks away and nearing a retest of recent low at 48.17 and headed below 786 Fibonacci Retracement and showing CCI driving lower from current 40.43. Watching for present.
Many believe India and China are the future of retail. Wal-Mart seems to agree, and on 5/9 announced a $16 billion USD bid for a 77% stake in Flipkart, India's premier online retailer. Wal-Mart paid up to beat out Amazon for this exposure to Asian retail. Will it be worth it? Luxury retail is in great demand but everyday retail is struggling, especially in...
This tracks Sears Canada Inc.'s stock prices since March 2015, the beginning of Q2.