Tuesday Morning Corp. (NASDAQ: TUES) had a rough year 2015. In early 2016 the stock appears to have found a bottom. The Chaikin Money Flow indicator shows growing accumulation (buyers) and the price broke recently above the descending triangle. The stock is nearing the SMA 200 (red line) from below and should breakout much higher once it's back above the SMA 200. The bottom region around $5 has been tested several times already and seems to hold. Therefore I recommend to long this stock in 2016.
Entry: around $6
1. Target: $11
2. Target: $15
Stop loss: $4.5
Headline idea:
247wallst.com/invest...cover-big-in-2016/2/
More info from last earnings:
Tuesday Morning should ultimately emerge a stronger company (...) when initiatives are actually bearing fruit on the bottom line.
www.fool.com/in...unged-toda.aspx?source=eog...
Long-term view:
Short-term view
Short-term view (alternative)
Entry: around $6
1. Target: $11
2. Target: $15
Stop loss: $4.5
Headline idea:
247wallst.com/invest...cover-big-in-2016/2/
More info from last earnings:
Tuesday Morning should ultimately emerge a stronger company (...) when initiatives are actually bearing fruit on the bottom line.
www.fool.com/in...unged-toda.aspx?source=eog...
Long-term view:
Short-term view
Short-term view (alternative)