Run for the doors when everyone and their mother likes chs..ill be shorting from here on sorry i like it long but i think the numbers are not as impressive as they should be. Anything looks better than last year,so hard to compare...but good luck to all see you in the lower $14s
Extremely overbought. Cannot sustain price at current level with this many shares out, nothing to move it higher. Needs a correction. Planted my short position today at 18.91. Expect a 10% correction in market and this will fall right along side it. Don't get greedy longs....sell high. You had a nice run, lock in your profits and buy back when it is not so extremely overbought.
Sentiment: Strong Sell
Normally I would agree with you but this time, I believe Chicos is going up. I have read so much about this company lately and I see the 20's very soon. I would not be surprised to see it in the 40's this time next year and others have said that.
Good luck because you'll lose your shirt by the time it hits the upper $20s. CHS sales are doing just fine and the stock isn't overpriced. They are going into the slowest part of the year for them and yet they increased their sales forecast for the rest of the year. I was at a Chico's last Wednesday early afternoon and it was busy. My wife had to have a particular pair of pants. That store was the only one to have them in her size, with only one left. She couldn't even buy them on line anymore. Yes, everyone and especially their mothers love Chico's clothes again. And their competition is failing. I would love to sell some of my shares, but it still is too cheap. I sure wouldn't short.