It is tough to envision a real bull market without the gentlemen’s establishments catching a bid.
The weekly chart for Rick’s Cabaret, below, note resolution from the multi-year symmetrical triangle is likely imminent. I am looking at a move up through $9.20 as being the first trigger here. And I do not like the setup below $8.70.
Earnings are coming up on Thursday, though. But perhaps we will catch a quick breakout before.
Rick’s Cabaret International, Inc. RICK +1.44% , the nation’s premier group of gentlemen’s clubs, will release its third quarter 2013 results on Thursday, August 8th, with a conference call/webcast scheduled for 4:30 pm (ET) hosted by CEO Eric Langan. The call will be followed by a “Due Diligence Ball” at the company’s flagship Rick’s Cabaret/ New York City, from 6 p.m. to 8 p.m. (50 West 33rd Street).
Who’s in for the Due Diligence Ball?
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Hahah that’s awesome. Would be ridiculous to join.
Go for it