In addition to the struggling retailers we have been tracking, like JCP M PIR RL WSM, PNRA is also an American consumer play which has been faltering of late. On the first chart, below, you can see that since the last time we looked at it the stock has only deteriorated, with value players failing to make headway.
While that plays out, though, Chinese internet firms continue to attract momentum money. VIPS is a long idea I featured in my Weekly Strategy Session a few weekends back. And updating that chart, second below, we have the makings of a high/tight bull flag consolidation.
Other Chinese names of note, currently basing: KONG PWRD SOHU.
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LOL @ Jags picture. Headed to Jacksonville tomorrow.
Bring in Tebow.
Haha I’ve always thought that, why not….marketing/jersey sales opportunity
Yup–He’s a winner, too.