CONN short over the next two monthsI'm seeing a shortterm bull followed by a quick bear move to the pitchfork median below. Shortby Bwinks1
Conn is short over the next day or fewLooking at the fib levels, and hourly lower indicators; i'm pretty sure we are in for a bear in the next few days. However, things look a bit different (indicator wise, at least), when you bring in the dailies. They are looking bull.Shortby BwinksUpdated 2
CONN Day Trade Retest Gap (Brad Reed Mar27,2015)CONN expected to open at 30.00 for a Retest Gap. Watch out for slightly low volume. To learn to trade this strategy for free go to www.RealLifeTrading.comLongby Reallifetrading1
Conn's - Weekly double bottomThe weekly chart of CONN is very bullish and leaves room for more than 50$. However, this is troubled stock as you can see from the gaps, which were caused by law suits. Weekly chart here The daily chart took off today and I believe it will keep going for a while. Except the break and the green impulse, there is nothing on the daily. Target around 50$. This is a paper trade.Longby vlad.adrian3
CONN oversold from write offs due to bad credit. The guy in charge of credit and collections appears competent:Mr. David J. Dubois is Senior Vice President-Credit and Collections of Conn's inc., since August 2013. He has over 20 years of experience in credit underwriting, collections, strategy development, analytics and compliance. From 2007 through 2013, Mr. Dubois served as a Senior Vice President of Operations of Collections with iQor, Inc. responsible for its financial services group. Prior to that, Mr. Dubois held several positions with CitiFinancial Auto, including as Assistant Vice President of Collections responsible for managing its sub-prime delinquency portfolio.Its not unreasonable to expect them to up the credit underwriting standards, and I am sure this will be a top priority. Over $570M has been wiped from the MC, that's probably more than they have outstanding on the loan portfolio. I get that some customers will default on loans, and previous postings have alluded to customers FICO scores being lowered a few point as a result, is it not a few point on the FICO score, its a delinquent account which severly impacts your ability to ever get credit anywhere other than a pawn shop, therefore, I see this slowly increasing over the next 4-6 months, as the loan portfolio improves and tax refund season is around the corner, whereby customers pay down the balance to buy new items in the new year.You have to remember, that not everyone has access to credit from places like Target, Walmart, Best-Buy, Sears, they all want FICO scores of +720. Oh, and I notice that a board member has just bought another 10K shares, does he know something we don't? Longby I4111
Double Bullish TriangleThere are almost 5 bullish patterns identified and 2-bearish patterns. Volume seems very light for today's 5% pop up and u need to monitor closely if u decide to take long position here. Make your stop loss at recent swing low. You can also visit us www.2waytrading.com in real time alerts. Stay safe and tuned more to come.Longby Xafada0