hhgregg (HGG): Share price cycles in bullish 'pennant' pattern

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hhgregg (HGG): Share price cycles in bullish 'pennant' pattern
Jun 19, 2008 04:30 PM UTC

Larry Schutts

Return	Risk
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Symbol	Sentiment	Start	Return	Closed
WMT	n/a
HGG		06/19/08	+41.10%	--
BBY	n/a
CC	n/a

Via BloggingStocks:

Filed under: Earnings reports, Wal-Mart (WMT), Best Buy (BBY), Circuit City Stores (CC), Technical Analysis, Stocks to Buy

hhgregg (NYSE: HGG) is a specialty retailer of consumer electronics, home appliances and related services. The firm operates 97 southeastern and midwestern U.S. stores, under the names hhgregg and Fine Lines. It also operates a retail Web site. Offerings include notebook computers, televisions, DVD recorders, refrigerators, ranges, dishwashers, freezers, washers, dryers and Serta mattresses. Competitors include Best Buy (NYSE: BBY), Circuit City Stores (NYSE: CC) and Wal-Mart (NYSE: WMT).

The company pleased investors earlier in the month, when it reported solid Q4 results and offered FY09 EPS guidance in-line with the consensus Street view. Management attributed success to increased sales of higher-priced video and major appliance products. Plans call for opening 15 to 17 stores, during the new fiscal year.

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