Got rejected with a lot of volume on 12/07/17 and broke support with higher than average volume..If CONN manages to stay below the $32 resistance level, you might see price test the $28. Nice and quick short opportunity. be careful as its still in an upwards trend channel.
This is a good looking set up. Looks like a pullback to support with double indicators. It looks like it will bounce off price support and the 20MA. This is a low float stock with nice range. Will be a good one to watch this coming week. A look at the intraday chart shows a curling up of the 9EMA. Look for this thing to break!
CONN is over extended so when it spikes up tomorrow morning, i'll look for a spike to go short into that spikes near yesterdays highs or a spikes into the 10 dollar level and then i'll go short with my risk slightly above 10 dollars. I'll cover half my profits into the first washout
I'm seeing a shortterm bull followed by a quick bear move to the pitchfork median below.
Looking at the fib levels, and hourly lower indicators; i'm pretty sure we are in for a bear in the next few days. However, things look a bit different (indicator wise, at least), when you bring in the dailies. They are looking bull.
CONN expected to open at 30.00 for a Retest Gap. Watch out for slightly low volume. To learn to trade this strategy for free go to www.RealLifeTrading.com
The weekly chart of CONN is very bullish and leaves room for more than 50$. However, this is troubled stock as you can see from the gaps, which were caused by law suits. Weekly chart here The daily chart took off today and I believe it will keep going for a while. Except the break and the green impulse, there is nothing on the daily. Target around 50$. This is a...
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...
There are almost 5 bullish patterns identified and 2-bearish patterns. Volume seems very light for today's 5% pop up and u need to monitor closely if u decide to take long position here. Make your stop loss at recent swing low. You can also visit us www.2waytrading.com in real time alerts. Stay safe and tuned more to come.