Possible Scalp $PIRThis stock has been in a world of hurt the last few weeks. Watching for possible scalp trade tomorrow.
PIR
PIR trade plan #sn507Buy 1.91 and 1.88
Control 1.86
Stop 1.81
Previous plan ended prematurely, there must be more profit.
Bonus Earnings: Pier 1 Import: New Product Take The CakeThe company's recent efforts to launch new product is boding well for sales growth.
An emphasis on cost management and operational efficiency should boost profits and margins.
I believe the company will beat earnings and raise guidance.
I have a $5.50 PT for the post-earnings move with a 2 month time frame.
PIR Day Trade (Brad Reed Jan8,2015)PIR expected to open at 17.10 for a Retest Gap. To learn to trade this strategy for free, go to www.RealLifeTrading.com
