Long Position on EXPR @ $20.05 on 9/1/2015 (Fundamentals)

Express, Inc. (EXPR) operates as a specialty apparel and accessories retailer.

It offers apparel and accessories for women and men between 20 and 30 years across various aspects of lifestyles, including work, casual, jeanswear, and going-out occasions.

The company sells its products through its e-commerce Website, express.com, as well as franchisees Express locations in Latin America, the Middle East, and South Africa. As of January 31, 2015, it operated 641 stores in the United States, Canada, and Puerto Rico. 

Shares have formed a bullish "flag" following the company's recent quarterly report. Earnings in the quarter were 25 cents a share.. Analysts estimated 16 cents, on average. Adjusted profit this year will be as much as $1.37, up from a previous forecast for as much as $1.22. 

We expect higher share prices for this stock but today it should be a buying opportunity for this stock. The futures indicate a sharply lower opening for the market including this stock. 

52-Weeks Trading Range: $11.90 - $20.72

Entry Point: $20.05

Stop Loss: $18.85

Target Price: $22.25

Updates

9/22/2015 11:59:09 AM

EXPR closed at $18.58.

Position closed on 9/22/2015 at price of $18.58 with a -7.33% loss in 21 days.

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