Shares of Fossil Group Inc (NASDAQ:FOSL) have been caught, like every other brick and mortar retail company in some heavy selling pressure. Sales appear to be in a continual spiral as shoppers move online. Sentiment is overly bearish which is why I am looking for a long trade. Stocks like Sears Holdings and J.C. Penney have all been hammered. However, aggressive investors may have a swing trade opportunity on the horizon by buying shares of Fossil Group Inc at a double bottom price of $23.25. There will likely be a hard technical bounce here as investors buy the beaten stock. The upside is is possibly as high as $30, but investors should use a trailing stop as soon as they are 10% in the money. Keep a tight stock and exit if Fossil Group Inc closes below $23.00.
See my trades here: verifiedinvesting.com/JennyRebekka
See my trades here: verifiedinvesting.com/JennyRebekka
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.