Iconix Brand Group Technical Analysis Higher lows since it bottomed out at 52 week lows (.65) back in June. Built new support @ $1.20. Would be ideal if it can continue to hold above new support.
Next major resistance up @ $1.65. Pivot $1.93 and I believe we can see retracement back to (April highs). PT: $2.40
Retailstocks
Taking Another Stab at RetailersRetailers have been good to me over the last year and a half. It shouldn't come as a surprise that I've found solace in the retail space given my investment style. I like to find best of breeds in the most beaten down industries in the markets. BGFV is one of those. The company has increased nearly all margins over the last three years while increasing ROA, ROE, and ROC.
Detailed post will be coming on the blog this week.
I entered a starting position as price seemed to hold support at this current level. Will be looking to add as long as price advances my way.
As always, let me know if you disagree and let me know what you think I'm not seeing.
Always trying to improve,
Brandon