Barnes & Noble, Inc. operates as a content, commerce, and
technology company in the United States. It provides access to books,
magazines, newspapers, and other content through its multi-channel
distribution platform. It sells trade books, including hardcover and
paperback consumer titles; mass market paperbacks, such as mystery,
romance, science fiction, and other fiction; children's books; eBooks
and other digital content; NOOK products comprising NOOK 1st Edition,
NOOK Wi-Fi 1st Edition, NOOK Color, NOOK Simple Touch, NOOK Tablet, and
NOOK Simple Touch with GlowLight eBook reader devices and related
accessories; bargain books; magazines; gifts; cafe products and
services; educational toys and games; music; and movies. The company
sells its products directly to customers through its bookstores and on
barnesandnoble.com. It also sells textbooks and course-related
materials, emblematic apparel and gifts, trade books, school and dorm
supplies, and convenience and cafe items in college and university
campuses.
To analyze Barnes's stock for potential trading opportunities, please
take a look at the 1-year chart of BKS (Barnes & Noble, Inc.) below
with my added notations:
BKS has a key price level at $14. Not only can you see the $14
resistance (red) from back in April, but $14 has also acted as support
(green) on multiple occasions. So, the $14 level is key to this stock.
If you are bullish, you would want to buy the stock on a pullback to
$14. However, if you are bearish, you might short BKS on a break of the
$14 support.
The Tale of the Tape: BKS presents a couple of
simple trading opportunities based on its key level of $14. A long
position could be entered at the $14 support with a stop placed below
that level, or a short play could be made on a break below $14 if that
should happen.
Please bookmark us
No comments:
Post a Comment