Long Position on BURL @ $84.20 on 1/18/2017 (Momentum)

Burlington Stores, Inc. (BURL) operates as a retailer of branded apparel products in the United States.

The company offers fashion-focused merchandise, including women’s ready-to-wear apparel, menswear, youth apparel, baby products, footwear, accessories, home décor and gifts, and coats. 

The Company has approximately 570 stores, inclusive of an Internet store, in over 45 states of the United States and Puerto Rico, and diversified its product categories by offering a selection of in-season, fashion-focused merchandise, including: women's ready-to-wear apparel, menswear, youth apparel, baby, footwear, accessories, home and coats.

It sells a selection of merchandise acquired directly from manufacturers and other suppliers. Its product categories include home, women, men, shoes, handbags and accessories, juniors, girls, boys, coats and toys.

Shares have formed a bullish "flag" following the company's strong holiday sales data. Shares have since pulled back to the stock's 50-day moving average (shown in green). Higher share prices are expected for this stock.

52-Weeks Trading Range: $47.91 - $91.67

Entry Point: $84.20

Stop Loss: $80.00

Target Price: $92.62

Updates

2/21/2017 9:58:42 AM

BURL closed at $88.00

Position closed on 2/21/2017 at price of $88.00 with a 4.51% gain in 34 days.

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