Long Position on FRAN @ $17.80 on 1/25/2016 (Momentum)

Bullish Cup and Handle on FRANFrancesca's Holdings Corporation (FRAN) operates a chain of retail boutiques.

It offers fashion apparel, jewelry, accessories, and gifts primarily for women between the ages of 18 and 35.

The company’s apparel products comprise dresses, fashion tops, sweaters, cardigans and wraps, bottoms, outerwear and jackets, tees and tanks, and intimates; and jewelry includes necklaces, earrings, bracelets, and rings. Its accessories consist of handbags, clutches, wallets, shoes, belts, hats, scarves, sunglasses, watches, and hair accessories; and gifts include fragrances, candles, bath and body, home accessories, books, wall art, nail polish, and miscellaneous items.

As of December 9, 2015, the company operated 621 boutiques in 47 states and the District of Columbia. The company also sells its products through its Website at francescas.com.

Shares have formed a bullish "cup and handle" following the company's latest quarterly report. Francesca's Holdings increased its fourth quarter earnings per share guidance to a range of $0.32 to $0.34 on sales of $130 million to $133 million from a prior range of $0.31 to $0.33 on sales of $127 million to $130 million. Higher share prices are expected for this stock.

 

52-Weeks Trading Range: $10.05 - $18.61

Entry Point: $17.80

Stop Loss: $16.80

Target Price: $19.60

Updates

3/24/2016 10:45:39 AM

FRAN closed at $19.60.

Position closed on 3/24/2016 at price of $19.60 with a 10.11% gain in 59 days.

Back to Portfolio