This is a fundamentally sound company with a chart that reflects it. This stock also has a gap occurring above the 50ma and is reaching an area of support where the horizontal support line and 50ma should meet. Depending on where the stock goes from here, I'm looking for the price to reach 47.50-48.00 for an entry.
A breakout to new highs/ break of the highest closing price will offer a great entry. It will confirm a cup and handle breakout which can cause a significant move to my estimate of 40. And I'm the first person to post a chart on this stock:).
On a daily chart, the stock gapped up above the 50ma and is slowly reaching a log trendline that is in synchrony with the 50ma. This is a bullish pattern that has proven itself many times before and offers solid buypoints. Im waiting for the price to get closer to the 50ma and trendline for a possible entry.
Not to say a triple top breakout for LOCO will cause an uptrend the magnitude of GPRO's, but will be interesting to see what happens.
Looking at similar past price action, the last two times there was tight price action like this(weekly closes), it took four weeks until a breakout. A failure of the weekly closing price staying above the low range of the past two weeks will ruin the trend, along with next week.
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...
After great earnings on 8/4/14, it was rather disappointing since it immediately filled the gap and went down four days in a row. Trading right above the 10 dollar mark and 50ma, it has not been a secure buy until today. I bought shares at the closing today as this congestion period may be over and the great earnings will finally influence the price.
After clearly testing support for the fourth time, it managed to break its channel. A pullback should occur in the upcoming week or weeks and until then, ill be on the sidelines
Although the log scaling is not correct on this website for p+f charts, Its still important to show this on log to not make the impression that the most recent price action is the most volatile since each x and o plotted is for an increase or decrease every .20 cents, unless there is a reversal which requires .60 cents. Since .2 cents at 20$ isn't close to the...