Long Position on JILL @ $24.10 on 11/14/2022 (Momentum)

J.Jill, Inc. (JILL) operates as an omnichannel retailer for women's apparel under the J.Jill brand in the United States. 

The company offers knit and woven tops, bottoms, and dresses, as well as sweaters and outerwear; footwear; and accessories, including scarves, jewelry, and hosiery.

The company markets its products through retail stores, website, and catalogs. As of March 22, 2022, it operated 253 stores. 

Shares have formed a bullish "Cup and Handle" following the company's recent earnings release. On September 1st, (JILL) reported 2nd Quarter July 2022 earnings of $1.24 per share on revenue of $160.3 million. The consensus earnings estimate was $1.05 per share on revenue of $162.4 million. Revenue grew 0.7% on a year-over-year basis.

The company said it expects third quarter revenue of $147.18 million to $151.73 million. The prior consensus revenue estimate was $149.90 million for the quarter ending October 31, 2022.

The next report is due on December 12th.

Entry Point: $24.10

Trading Range: $12.47 - $24.40

Stop Loss: $22.00

Target Price: $26.70

Position closed on 12/8/2022 at price of $27.04 with a 12.20% gain in 23 days.

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