Hello fellow traders and investors, here's a trade idea on ticker: KIRK Kirkland's has recently been selling off and I anticipating a reversal of around 22$ because of the strong trendline that acts as a support and the recently established key level at 22$. If it makes a recovery to the take profit area it offers around a 37% ROI.
Technicals: The RSI is oversold The MA's are still in a downtrend Volume is looking pretty good
When To Buy: When the moving averages crossover
When To Sell: At the take profit area
Fundamentals: Kirkland's, Inc. operates as a retailer of home decor and gifts in the United States. Its stores present a selection of merchandise, including framed art, mirrors, wall decor, candles, and related items, lamps, decorative accessories, accent furniture, textiles, garden-related accessories, and artificial floral products. Their market cap is sitting at around 331 Million dollars, they have had sales in the last 12 months alone of 589.80 Million dollars which gives them a P/S of 0.56. They also have a P/E of 13.11, they have no debt, growth in sales Q/Q of 60%, growth in EPS Q/Q of 106%, a profit margin of 4.40% and a short float of 18%.
Rating: 100/100 technicals are great and so are the fundamentals and I am personally going to invest in KIRK at market open Monday.
I hope you enjoyed this quick analysis and many more to come. If you enjoyed leave a like, follow, share and comment your thoughts. If you have any questions send me a message and I'll gladly respond. Thanks!
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