Next Buy: Big 5 Sporting Goods
I'm back. After reading what the authors have to offer, I have to lend my support to Big 5 Sporting Goods (BGFV).
As the Architect pointed out this past week BGFV is down almost 18% in 2014. I love the comeback potential and wild card opportunity. This was one of the stocks that made the cut in Barron's Best Performing 2014 Picks.
Big 5 had another down day today, finishing at $15.14 down 1%. The stats on BGFV:
|BGFV Price History|
|S&P500 52-Week Change3:||20.05%|
|52-Week High (Jul 29, 2013)3:||25.00|
|52-Week Low (Apr 15, 2013)3:||13.84|
|50-Day Moving Average3:||15.99|
|200-Day Moving Average3:||17.24|
I'd like to buy between the 50 and 200 day moving average. That way I know this stock is going back up. Less than 5% of the float is short, so I like these odds. Not everyone is out to kill this stock or rape it should it fall like other heavily shorted stocks. The 52-week low is $13.84. Should the stock go below $15 I may have to start a small position and wait for an increase to add more.
Adding to watch list. I suggest you do the same.