Big Lots Inc

BIG-N

A fun place to shop. Technically it has formed a strong bottom at $40. A recent bullish breakout has him interested. It could re-test $46, but expects it to fill the gap back up near $53 and would use $44 as his first stop. Yield 2.6%. (Analysts’ price target is $46.27)

It has been a roller coaster. We are in the lower end of the long term trading range. It had a little bit of a rounded pattern and then when it broke it, it had quite a move. So far so good.