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Big 5 Sporting Goods Corporation (BGFV) operates as a sporting goods retailer in the western United States.
The company offers athletic shoes, apparel, and accessories, as well as a selection of outdoor and athletic equipment for team sports, fitness, camping, hunting, fishing, tennis, golf, snowboarding, and roller sports.
It also provides various private label merchandise, including shoes, apparel, binoculars, camping equipment, fishing supplies, and snow sport equipment. The company sells private label merchandise under its owned labels comprising Court Casuals, Golden Bear, Harsh, Pacifica, Rugged Exposure, and Triple Nickel; and licensed trademarks, including Avet, Body Glove, Fila, GoFit, Hi-Tec, Maui & Sons, Morrow, and Realm and The Realm. As of February 26, 2013, it operated 414 stores in 12 states under the Big 5 Sporting Goods name.
Shares have formed a bullish "Cup & Handle" formation following its quarterly result. Higher prices are expected for this stock.
We are now hearing rumors of good news for this company. One of the rumors states that this stock will be named by the leading stock advisory service as one of its "top picks." This service is widely followed by mutual funds and institutional money managers. These investors have portfolios that mimic recommendations of this service. Their naming of the stock should lead to additional demand for the shares.
52-Week Trading Range: $6.12 - $16.94
Entry Point: $15.70
Stop Loss: $14.92
Target Price: $17.27
We lost BGFV to the downside. The position was closed at $14.92.
