JAKK is trying to put in what looks to be a breakout on the weekly chart of a downtrend going back to 2012. This stock is also heavily shorted, in excess of 40% of float (april 15th data). The combination of these two may push JAKK higher over the medium term. Initial target is 8.25 and secondary target is 9.50 level. Currently long and will look to add if...
Large short interest and stock is greatly undervalued. Trades at less than half the multiple of Peers Mattel and Hasbro. Has hottest toy of the year with licenses from Disney for mega hot Frozen toys. Reports earnings next Thursday and estimates are low setting them up for a monster beat. Analysts consensus PT is $10. With Mattel Losing its disney license to...
Jakk on the Weekly is showing the break in the down trend followed by decline which seems to be over so the up move can continue. With holiday season coming up and Jakk's license rights to Frozen upside is very possible.
UPDATE: I like the MACD crossing and still going up. ADX is showing strong signs as well. Not a fan of Stoch being in overbought area though. Needs to close above first line of resistance. Caution is required here as earnings are close and I do not expect a strong earnings. Looking for a run into earnings which several other traders are as well. We could see some...
40% short interest 30+ days to cover, and several buy signals shaping up. Bullish MACD Cross, Stochastics, and breaking out of a steep downtrend. New 3 month closing highs after retaking both the 50 day and 200 day moving averages this week. Weekly PAR SAR just printed bullish as well. Would jump in or add on the break of $7.50. On a fundamental basis they...
Toy maker with license for Disney's "Frozen" movie. Channel Checks show all toys are sold out and Christmas is around the corner. Takeover target for Mattel as well. Watch for the break over $6.74. 42% of outstanding shares are sold short with a 7% hard to borrow rate. looking for a move back to LT trend line above $8 on a squeeze.
Potentially working off oversold conditions. Nice bullish engulfing reversal candle. Like entry over 5.77 as this is an intermediate down trendline break. Scalp Monday play or may get long term swing through Christmas on this play. I may pick up some March 2014 leaps on this one with some common.
