RedHotStocks

Signet Popped 40% but no rush.

NYSE:SIG   Signet Jewelers Limited
Signet gave the shorts a bit of a squeeze yesterday and today gets its price target at Citigroup raised to $22 from $13 while the maintain a sell rating ? try figure that one out.

The stock is still in a well defined channel and until it breaks out and climbs above the 100 day moving average there is no need to be jumping into a trade.
They 2015 highs are 300% upside from here, but highly unlikely that will be revisited any time soon.

Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.