The Finish Line (FINL): Price cycles in bullish 'flag' pattern

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The Finish Line (FINL): Price cycles in bullish 'flag' pattern
Jul 16, 2008 12:36 PM UTC

Larry Schutts

Return	Risk
-17.89%	MID

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Symbol	Sentiment	Start	Return	Closed
FINL		07/16/08	+7.63%	--
FL	n/a

Via BloggingStocks:

Filed under: Earnings reports, Analyst upgrades and downgrades, Technical Analysis, Stocks to Buy

The Finish Line (NASDAQ: FINL) is a mall-based specialty retailer, offering athletic and casual footwear and sportswear through 699 Finish Line stores in 47 states. Featured brands include Nike, Puma, Jordan, Lacoste and Adidas. The firm also sells urban street wear through 94 Man Alive outlets in 19 states. Foot Locker (NYSE: FL) and The Sports Authority are major competitors.

The firm pleased investors late last month, when it reported fiscal Q1 EPS of two cents and revenues of $287.9 million. Analysts had been looking for a loss of five cents and $281.3 million. In discussing the positive quarter, the CEO cited successful application of strategic merchandising and inventory management programs. B. Riley subsequently upgraded the shares to "buy" and Sterne Agee reiterated its "buy" call.

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