they got beat last earning, more than they should.
weekly chart is showing they may reverse here.
This is a long term hold.
Sell 200 $34.00
Stop 200 $23.50
Buy 200 $27.29
I will give you my fundamental reasons why I like the stock.
I was in the market for a 2 ct diamond ring and did a lot of research.
I reviewed a bunch of sites and...
$SIG Signet Jewelers now down 30% since earnings release last week. RSI deeply oversold and price at $35 long term support level from April of this year. Expecting a bounce in the near term from this area - targeting $44.00 by year end. Would like to see a close today >= $35.00 for confirmation.
Note: Informational analysis, not investment advice.
$SIG Signet Jewelers (Zales, Kay, Jared) reports earnings tomorrow pre-market. Not a good sign that a descending triangle formed on the daily chart over the last couple months.
Options are showing an implied move post-earnings this week of ~15%. Smart money looks much more heavily weights on puts. There's an unfilled gap down around $44.00 (-12% from current...
I'm not a good friend of Jewelry, neither of Signet Jewelers. Sad, but true... I had to move on 1 month chart to show you up!
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