Strength Seen in Sears (SHLD): Stock Soars 14.1% – Tale of the Tape

April 21, 2014 Technicals 0

Zacks

Sears Holdings Corporation (SHLD) was a big mover last session with its shares rising over 14% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company as the stock is now trading above the volatile price range of $31.71 to $38.10 since April 7.

This retail chain has witnessed no estimate revision in the last 30 days. The Zacks Consensus Estimate hasn’t been in trend either. Thursday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Sears currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

Investors interested in the retail sector may consider stocks like Bon-Ton Stores Inc. (BONT), Esprit Holdings Ltd. (ESPGY) and Macy's, Inc. (M). While Bon-Ton Stores sports a Zacks Rank #1 (Strong Buy), Esprit Holdings and Macy’s bear a Zacks Rank #2 (Buy).

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