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Two days ago (July 25th), we mentioned that Shares of $MIK is looking ready to go higher. Time to be a buyer. Today the stock is up 3.98% Technical Analysis is live and well.
Breakout above 24.35 and hold puts this beaten down retailer above $26 in a hurry.
May be putting this long downtrend to rest...maybe...
Retailer looking ready to break the downtrend following a triple bottom. Nice thrust higher in last hour on volume.
Pointed out the rolling action of this retailer last week. Now moving higher.
Possible double bottom forming on retailer MIK with bullish divergence in OBV and RSI.
Buy MIK at $26.68 on above average volume
$MIK Michaels Co is under selling pressure.