RedHotStocks

Signet Popped 40% but no rush.

NYSE:SIG   Signet Jewelers Limited
Signet gave the shorts a bit of a squeeze yesterday and today gets its price target at Citigroup raised to $22 from $13 while the maintain a sell rating ? try figure that one out.

The stock is still in a well defined channel and until it breaks out and climbs above the 100 day moving average there is no need to be jumping into a trade.
They 2015 highs are 300% upside from here, but highly unlikely that will be revisited any time soon.

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.