CONN'S could comeback to its short term moving average before to bounce towards its historical record.
The company’s fundamentals are still strong. Sales are expected to rise by 27.7% this year. Analysts from Thomson Reuters consensus have revised largely upward their EPS estimates. The last EPS was at USD 1.56.
Technically, the security shows a bullish configuration on all time scales. The stock is supported by the 20-day moving average since the beginning of 2013. We expect prices to come back to the USD 53.6 support, corresponding to the 20-day moving average, in order to use it as a stepping stone to reach again the USD 58.5 resistance.
Thanks to these good indicators, it seems relevant to take a long position in CONN'S in case of come back to the 20-day moving average. The target price is the USD 58.5 short term resistance. A stop loss will be set under the USD 53.6 support because a breakdown of this level would damage technical pattern.
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Conn's, Inc. is a specialty retailer of home goods, including furniture and mattresses, appliances, and consumer electronics. The Company offers branded durable consumer goods and related services in addition to proprietary credit solutions for its core consumers. The Company operates in two segments: retail and credit. The retail segment operates primarily through its stores and Website. The retail segment product offerings include furniture and mattresses, home appliances, consumer electronics and home office products from global brands across a wide range of price points. The credit segment offers financing solutions to a large, under-served population of credit-constrained consumers who typically have limited credit alternatives. Its home appliances include refrigerators, freezers, washers, dryers, dishwashers, and ranges. Its furniture and mattresses include furniture and related accessories for the living room, dining room and bedroom, as well as both flat mattresses.
CONN'S, INC. 
