City Chic (CCX) - 20% + upside - Bullish Flag!City Chics Online penetration is likely to contniue for the forseeable (21) (covid environment).
Technicials - Bullish flag, enter bullish candle confirmation breakout.
Key Fundamentals - being a leader in the digital space + latest aquisition is leading to broader product offerings. Strong cash position.
CCX trade ideas
Buy CCX with target of 3.90Buy today at $3.23
Just announced the acquisition of Evans, which ads $40m topline revenue (20%). Expected earnings accretive in first year.
Price target in short term is just shy of all time highs at 3.90 = +20%
Support at $2.80 =. -13%
Why I like them.
Digitally focused, Global expansion, strong balance sheet and cash flows, growing market segment (plus size).
$CCX:ASX - CITY CHIC COLLECTIVE - Up 175% over 12 monthsCity Chic had a great run through most of 2019 with a slow down / consolidation phase from October through to December. Might be about to start to move up again with any luck. Worth a watch.
City Chic Collective Ltd. engages in the retailing of women's clothing in Australia, New Zealand, South Africa, and the U. S. It offers its products through various brands, such as Millers, Crossroads, Katies, Autograph, and Rivers. The company was founded by Arnold Ian Miller and Sara Miller in 1993 and is headquartered in Alexandria, Australia.