Long Position on CONN @ $48.35 on 6/5/2013 (Momentum)

Conn’s, Inc. (CONN) engages in the specialty retail of durable consumer products in the United States.

The company’s stores offer home appliances, which include refrigerators, freezers, washers, dryers, dishwashers, ranges, and room air conditioners; furniture and mattresses comprising furniture and related accessories for the living room, dining room, and bedroom, as well as traditional and specialty mattresses; consumer electronics, such as LCD, LED, 3-D and plasma televisions, Blu-ray players, home theater and video game products, camcorders, digital cameras, and portable audio equipment; and home office products, including computers, tablets, printers, and accessories.

It also provides repair service agreements and installment credit programs, as well as various credit insurance products, such as credit life, credit disability, credit involuntary unemployment, and credit property insurance.

As of May 2, 2013, the company operated 70 retail stores, including 58 in Texas, 6 in Louisiana, 3 in Oklahoma, 2 in New Mexico, and 1 in Arizona.

Shares have formed a bullish "cup & handle" and higher share prices are expected for this stock:

Buyer Beware:  The company reports its quarterly results tomorrow before the open.

52-Week Trading Range:  $14.40 - $50.59

Entry Point:  $48.35

Stop Loss:  $45.90

Target Price:  $53.10

Updates

6/6/2013 3:57:21 PM

CONN was closed at $53.70. If you stay in the postion raise your stop loss to $53 to protect your gains.

Position closed on 6/6/2013 at price of $53.70 with a 11.07% gain in 1 days.

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