Conn's - Trending Stock

Summary

  • 100% technical buy signals.
  • 9 new highs and up 39.75% in the last month.
  • 250.96% gain in the last year.

The Barchart Chart of the Day belongs to the retailer of durable consumer goods Conn's (Nasdaq: CONN).  Readers are always asking me how to find stocks that are just beginning to trend before everyone else discovers them.  One of the best ways is to look at Barchart's Strong Volume Gains preformatted screener.  It identifies stocks that have had significant increases in both volume and price over the past 5 days. Today it identified 35 stock that fitted that criteria.  I sorted that list by Weighted Alpha then used the Flipchart feature to review the chart for consistent price appreciation.  Since the Trend Spotter signaled a buy in 5/17 the stock gained 36.83%.

Conn's, Inc. operates as a specialty retailer of durable consumer goods and related services in the United States. It operates through two segments, Retail, and Credit. The company's stores offer furniture and mattress, including furniture and related accessories for the living room, dining room, and bedroom, as well as traditional and specialty mattresses; and home appliances, such as refrigerators, freezers, washers, dryers, dishwashers, and ranges. Its stores also provide consumer electronics comprising LED, OLED, QLED, 4K Ultra HD, 8K televisions, gaming products, video game consoles, and home theater and portable audio equipment; and home office products that include computers, printers, and accessories. In addition, the company offers short- and medium-term financing to its retail customers; and product support services, which comprise next-day delivery and installation services, credit insurance products, product repair services, and repair service agreements. As of May 28, 2021, it operated approximately 152 retail locations in Alabama, Arizona, Colorado, Florida, Georgia, Louisiana, Mississippi, Nevada, New Mexico, North Carolina, Oklahoma, South Carolina, Tennessee, Texas, and Virginia. The company also sells and offers its services through its website, conns.com. Conn's, Inc. was founded in 1890 and is headquartered in The Woodlands, Texas.

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Disclosure: I/we have no positions in any stocks mentioned, but may initiate a long position in CONN over the next 72 hours.

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