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"Ascending Triple Top Breakout" on September 16, 2009 on high volume
PIR
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+42.66%
in
67 days
September 17, 2009: Technically speaking, Pier 1 achieved an "Ascending Triple Top Breakout" on September 16, 2009 on high volume and continues to climb after earnings. The breakout implies that the buyers are now creating more demand than there is supply and therefore the prices are breaking out. I think there is a technical rally going on the stock market, in general, and current price is 3.25.
(PIR) Pier 1 has a beautiful ascending chart, maintaining price above the 50 day moving average for months now.
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"Ascending Triple Top Breakout" on September 16, 2009 on high volume
PIR
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|
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+42.66%
in
67 days
September 17, 2009: Technically speaking, Pier 1 achieved an "Ascending Triple Top Breakout" on September 16, 2009 on high volume and continues to climb after earnings. The breakout implies that the buyers are now creating more demand than there is supply and therefore the prices are breaking out. I think there is a technical rally going on the stock market, in general, and current price is 3.25.
(PIR) Pier 1 has a beautiful ascending chart, maintaining price above the 50 day moving average for months now.
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9/17/09 Pier 1
PIR
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+0.00%
in
1 hour
(closed on 09/17/09)
Pier 1 is one of those stores where you go in just to look around in amazement at their products and the stores themselves; seems like a nice store. However, I'm was never sure how profitable they are, and apparently they've been sinking for the last couple years, but looking at the price it began with and looking at the momentum/technicals, I think that Pier one is going to float back up eventually. I'm not sure how soon, but I think this next earnings will be another positive. I'm probably not going to stick with pier one in the long run; I'm going to sell my shares after the earnings rel...
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Turnaround in the face of market downturn
PIR
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-18.40%
in
754 days
Pier One should continue its positive growth despite the downturn in the housing market. As the Fed continues to drop rates and remedy housing fears PIR should reaccelerate its growth and make substantial positive gains.
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PIR is a BUY
PIR
From the Blogosphere
Trading Radar for 9/17: FedEx (FDX), Palm (PALM), Discover Financial (DFS), Pier 1 (PIR) Reports; Building Permits, Housing Starts, Jobless Claims, Philly Fed Index Due
The Trading Radar highlights key earnings and economic announcements for tomorrow's trading session:<u>Before Market Opens:</u>Economics:8:30am ET - Building Permits for August - Street expects 596K
- Housing Starts for August - Street expects 580K
- Initial Jobless Claims - Street expects 555K
Earnings:Discover Financial (NYSE: DFS) - consensus loss $0.12FedEx (NYSE: FDX) - consensus EPS $0.58Pier 1 Imports (NYSE: PIR) - consensus loss $0.22<u>Intraday or Not Specified:</u>Economics:10am ET - Philly Fed Index for Sept. - Street expects 8
<u>After Market Closes:</u>Earnings:Palm (Nasdaq: PALM) ...
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Picking Up Pier 1 Ahead of Earnings
Since bottoming at $.15 cents in March, Pier I Imports (PIR) stock has rallied over 1500% to its current price of $2.6 a share. Earnings are due on the 17th and we feel that PIR may be worth a very small allocation into the numbers for the following reasons. First off, management recently announced that it will retire $69.5 million of $6.375 Convertible Senior Notes through the issuance of 9% Convertible Senior Notes and a payment of $5 million.
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Morning Movers 6/18: PIR, NNI, SLM, NPBC, ARM, MITI Higher; SOA, IMGN, HPT, LIZ, CLC Lower
Pier 1 Imports, Inc. (NYSE: PIR) <font>18.6% HIGHER;</font> reports Q1 EPS of $0.32, versus the analyst estimate of ($0.36) and compared to ($0.37) reported in the same quarter last year. Revenue for the quarter was $281.13 million, versus the consensus of $276.21 million. Same store sales fell 7.5% during the quarter.Nelnet Inc. (NYSE: NNI) <font>16.3% HIGHER;</font> indicated to open much higher today after the company received Department of Education student loan servicing contracts. The news alleviated some concerns about the company's role with the new administration. Click here for th...
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Trading Radar for 6/18: Research In Motion (RIMM), Discover Financial (DFS), Carnival (CCL), JM Smucker (SJM), Wimm-Bill-Dann Foods (WBD), Pier 1 (PIR) Report;
The Trading Radar highlights key earnings and economic announcements for tomorrow's trading session:<u>Before Market Opens:</u>Economics:8:30am ET - Initial Jobless Claims for the week of 6/13 - Street expects 602K
Earnings:Discover Financial (NYSE: DFS) - consensus loss $0.28J.M. Smucker (NYSE: SJM) - consensus EPS $0.63Pier 1 Imports (NYSE: PIR) - consensus loss $0.36Wimm-Bill-Dann Foods (NYSE: WBD) - consensus EPS $0.00Winnebago (NYSE: WGO) - consensus loss $0.27<u>Intraday or Not Specified:</u>Economics:10am ET<> Leading Indicators for May - Street expects 1%
<> Philly Fed Index for June - ...
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Consumer stocks to sell now: #2 -- Pier 1 Imports (PIR)
PIR
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