make it happen
4 years ago
All RSI's are very over extended imho. SMA's are more than a 1/4 to 1/2 the PPS.
Check charts...
The
Monthly
RSI over extended 88
20, 50 & 200 SMA's = $7.62, $6.72 & $12.87
Weekly
RSI over extended 79
20, 50 & 200 SMA's = $15.03, $9.69 & $5.93
Daily
RSI over extended 84
20, 50 & 200 SMA's = $17.80, $10.76 & $16.18
value1008
4 years ago
As someone noted on the SavvyTrades board, that Lake Street analyst bullish on BGFV is one of the top analysts, ranking in the top 2 to 3% of professionals: https://www.tipranks.com/analysts/mark-smith
I think the plunge back down to 2 cents below yesterday's low has to do with the technical chart failure for BGFV to get back above the 9dma after it tried to rebound back up past $8.60 in the a.m.
And so now it's testing for new support level.
The low 8s may hold, or we may get a dip (a brief one, imo) down to the rising 20dma (the mid Bollinger band), presently at 7.80 and likely a bit higher by tomorrow.
value1008
4 years ago
News flash this a.m. at TheFly.com:
10/21/20: Lake Street initiates with Buy rating - $15 Target
Lake Street analyst Mark Smith initiated coverage of Big 5 Sporting with a Buy rating and $15 price target. With the pandemic driving demand for sporting goods, Smith views the company's convenience factor as a small-footprint, neighborhood retailer being attractive to consumers. Big 5 has been able to maintain a healthy store base and grow sales, steering "well-clear of the retail graveyard" that has clamed rivals such as Sports Authority, Sports Chalet, G.I. Joe's, MC Sports, City Sports and Modell's, Smith added.