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J. Crew (JCG) almost doubles Q3 forecast |
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| Oct 22, 2009 05:50 PM UTC |
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Tracked Blogger
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Via BloggingStocks:
Filed under: Major movement, Forecasts, Good news, Options, Technical Analysis  J. Crew Group (NYSE: JCG - option chain) shares are rising today after the company lifted its third-quarter EPS forecast by 80% to a range of 54 to 59 cents, up from a previous range of 30 to 33 cents. Analysts are expecting the company to report a profit of 36 cents per share. If you think that the stock won't fall by too much in the coming months, then now could be a good time to look at a bullish hedged trade on JCG.JCG opened this morning at $42.57. So far today the stock has hit a low of $41.50 and a high of $42.94. As of 11:50, JCG is trading at $42.41 up $4.67 (12.4%). The chart for JCG looks neutral and S&P gives JCG a neutral 3 STARS (out of 5) hold ranking. Continue reading J. Crew (JCG) almost doubles Q3 forecast J. Crew (JCG) almost doubles Q3 forecast originally appeared on BloggingStocks on Thu, 22 Oct 2009 12:50:00 EST. Please see our terms for use of feeds. Permalink | Email this | Comments
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