The heavily-shorted and largely obsolete (or at least perceived to be obsolete) bookstore chain Barnes & Noble is quietly back in an established uptrend on the daily timeframe, first below.
Also note the weekly chart second below, threatening a move over $23.71 for a major base bottom breakout higher.
The firm can also be considered a takeover target. This one may be a sleeper into the fall months.
Earnings are September 9th.
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