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BURL

Chicos FAS $CHS, the penny stock leading retailAfter formming a pennat pattern above its moving averages, today made the breakout with good volume. The detail is that it didn't close at the high but still, I think its a confirmed breakout. Because the stock its very volatile, I got in with half my position. I'll wait until the price breaks above the $7.26 resistance to buy the rest. At first my price target would be $8.15 but, according to the rules that can be use to forceast future prices with this type of continuation pattern, I'll just put my stop on breakeven and wait and see if it can get to the $9.80 target. AMEX:XRT is rank 7 among the top 100 ETFs in Barchart (www.barchart.com). That means that the retail sector is leading the market, this gives me confidence on this buy. I'm also watching NYSE:BURL . A good buy zone for NYSE:BURL would be above the $350 zone.
CLong
by dpuleo19
Burl multi-year run may be coming to an endLong track record of increasing revenue but not positioned for the economy we are heading into. Here are some reasons why: 1) No online presence. Discontinued online store last year. Speculating here but I imagine it would be hard to manage the inventory of an online store based on the wide variety of items they have which are constantly changing. 1a) Lost customers to online shopping. Downtrend on google trends ever since the economy shut down. How many people will forget about them by the time stores reopen? Also, how many people will still have money to shop? 2) Strapped for cash. Looks like they will have to raise money to pay the rents on all their brick and mortar locations. Broke straight through multi-year support. Might retest but I doubt it will go up much more from here, especially if the economy remains closed longer. Earnings early June. Let me know in the comments how I could be wrong on this.
NYSE:BURLShort
by InvestmentSentry
1
BURL, Burlington Stores Inc. - Stop Loss on Broadening TriangleNYSE:BURL It is never a question of being right or wrong, but rather of being too early and being thrown out of the market before the asset's actual direction. What we need is an event that allows us to systematically decide to enter Long or Short, in our case the patterns of technical analysis. We are trend-followers and we gain from price movement, so we could call ourselves "Price Change Traders". In this case the price had triggered our Stop Loss. Stay Tuned!
NYSE:BURLEducation
by SwissTradingSchool
1
BURL - Rising wedge breakdown short from $89.73/$84.33 to $70.23BURL broken down from a long term rising wedge, retested the support line & falling down again. We think it has good downside potential. However we are looking for 2 entry potential, first if it pull back to $89.73 or break down $84.33 * Trade Criteria * Date First Found- July 25, 2017 Pattern/Why- Rising wedge breakdown short Entry Target Criteria- Rallies to $89.73 or Drop below $84.33 Exit Target Criteria- $70.23 Stop Loss Criteria- $94.27 or $91.13 Please check back for Trade updates. (Note: Trade update is little delayed here.)
NYSE:BURLShort
by AcornWealthCorp