Conn’s, Inc. operates as a specialty retailer of durable consumer
goods and related services in Texas, Arizona, Louisiana, Oklahoma, and
New Mexico, the United States. The company’s stores provide home
appliances, including refrigerators, freezers, washers, dryers,
dishwashers, and ranges; furniture and mattresses comprising furniture
and related accessories for the living room, dining room, and bedroom,
as well as traditional and specialty mattresses; and home office
products consisting of computers, tablets, printers, and accessories.
Its stores also offer consumer electronics, such as LCD, LED, 3-D, ultra
HD, and plasma televisions; Blu-ray players, home theater and video
game products, digital cameras, and portable audio equipment; and lawn
and garden products, repair service agreements, installment credit
programs, and various credit insurance products.
To analyze Conn’s stock for potential trading opportunities, please
take a look at the 1-year chart of CONN (Conn’s, Inc.) below with my
added notations:
After hitting its peak of $80 in December, CONN fell rapidly into
February. Once the stock started to rebound, it eventually stalled at
the key level of $47.50 (blue). You will notice that the $47.50 level
has been important to CONN whenever the stock has been above or below
it. A break back above that level should mean higher prices for the
CONN.
The Tale of the Tape: CONN has a key level of
resistance at $47.50. A short trade could be made on any rallies up to
that $47.50 area with a stop placed above that level. A break back above
$47.50 would negate the expectation for a lower move and would provide
an opportunity to go long on the stock.
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