Summary: Tuesday Morning is a home goods and gift clearance store that has a loyal retail following. Lately the stock's price has been getting, well, pricey with a 95.70 P/E.
Article:
Today Tuesday Morning (TUES) was right at the top of Barchart's New High list when sorted for frequency. They operate as a closeout retailer of decorative home accessories, housewares, gifts, and related items in the United States. The company operates 852 stores in 43 states.
This past month the stock was up in 19 trading sessions for an increase of 32.16%. The Trend Spotter signaled a buy on 12/18 and since then the stock is up 50%.
Barchart's Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.
Barchart technical indicators:
- 96% Barchart technical buy signals
- Trend Spotter buy signal
- Above its 20, 50 and 100 day moving averages
- 19 new highs and up 32.16% in the last month
- Relative Strength Index 76.58%
- Barchart computes a technical support level at 9.30
- Recently traded at 9.37 with a 50 day moving average of 7.22
Fundamental factors:
- Market Cap - $298 million
- P/E 95.70
- Analysts issued 1 strong buy and 1 hold recommendation
- Revenue projected to increase by 3.00% this year and 4.60% next year
- Earnings estimated to be up 225.00% this year and average 10.00% annually for he next 5 years
- Financial strength B
Exit strategy: Normally I'm out if I loose 10% or the stock drops below its 50 day moving average. Occasionally an unusual run up like this to a 95.70 P/E can signal a buy out candidate.
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