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Signet Jewelers LimitedSignet Jewelers LimitedSignet Jewelers Limited

Signet Jewelers Limited

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SIG trade ideas

Dow drops 666 points :( #8 SIG)Now in the Consumer Services Companies I find this “falling jewel” Signet Jewelers is the world's largest retailer of diamond jewelry. If you look the past trend of this company, looks like it had better times but now it's is going through a bad time. The ideas I share are for Traders and Speculators with a Long/Short opportunistic view of the market who adapt quickly to the circumstances. Look the counter trend line breakout with the respective pullback to the line and the swing high that is happening now.
NYSE:SIGShort
by Alex_Quiroga
Bad news in the price? Buy the earnings break.SUFFERING LIKE ALL US RETAILERS Signet is a US mid cap with a leading position in mid-market jewelry retail. It has most recently been impacted negatively by the dull holiday season, and has generally paid the price of the weak US retail environment. EVERYTHING HAS A PRICE? The shares have been suffering, and are consequently trading at inexpensive multiples (discount to market and to its own long term valuation). Furthermore, management has been reshuffling the business and lowering expectations for next quarters. Fundamentally, the company continues to have an interesting growth profile on both the top and bottom line. The consensus of analysts has a BUY recommendation with a 41% target upside. TECHNICALLY BOTTOMING OUT? With quite high short interest (12.4% of free float, or >8 days of trading), any marginal good news could take the shares significantly higher. Furthermore, while the mid/long term technical picture still looks quite weak, it seems the stock has been trying to bottom out on the daily chart. WHAT TO DO WITH THE SHARES? Up levels: 77.18 / 80.00 / 84.25 / 84.75 / 86.00 /87.20 Down levels: 70.00 / 67.50 Target: 87.20 (+16.71%) Stop-loss 1: 70.00 (-6.3%) Stop-loss 2: 67.50 (-9.65%) Reward-Risk: 2.65x Strategy: Buy the shares IN HALF SIZE ahead of the earnings release on March 9.
NYSE:SIGLong
by HAL9000
SIGSignet matched its rival’s mixed performance in the last decade, gaining ground through most of the Dot.com bear market and then stalling out in the upper-30s in 2002. It rallied above that level in 2004 and dropped into a holding pattern until a 2006 breakout added just six points into the 2007 May top at $49.00. The subsequent decline did extensive technical damage, dropping the stock more than 45-points while forcing a reverse split to maintain liquidity. Continue Reading Here : www.investopedia.com
NYSE:SIG
by Investopedia