NEW BULLISH Plays

Conns Inc. - CONN - close: 29.34 change: +0.82

Stop Loss: 27.85
Target(s): 33.50
Current Gain/Loss: unopened

Entry on February -- at $--.--
Listed on February 4, 2013
Time Frame: 4 to 6 weeks
Average Daily Volume = 416 thousand
New Positions: Yes, see below

Company Description

Why We Like It:
CONN is a specialty retailer focused on selling consumer electronic devices. The stock peaked in early January following its earnings report. Yet since then CONN has found support at $27.50 and not it's starting to break higher after a three-week consolidation.

Shares of CONN could see a short squeeze. The most recent data listed short interest at 36% of the small 26.3 million share float.

Today's high was $29.47. I am suggesting a trigger to open bullish positions at $29.55. If triggered our target is $33.50. More aggressive traders could aim higher.
FYI: The Point & Figure chart for CONN is bullish with a long-term $48.00 target.

Trigger @ $29.55

Suggested Position: buy CONN stock @ (trigger)

Annotated chart: