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
Beta: 1.85
52-Week Change3: -0.33%
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.

Chart forBig 5 Sporting Goods Corp. (BGFV)