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Buyers Accumulate Shares of Conn's, Up 1.6%

Published on Fri, 03/01/2013 - 11:28
By Robert Cotter

Conn's (NASDAQ:CONN), a company whose shares are moving quickly, is trading 1.6% higher to $32.54. The Dow Jones Industrial Average is now trading fractionally lower to 14,052 and the S&P is trading fractionally lower to 1,514.

Conn's (NASDAQ:CONN) has potential upside of 11.4% based on a current price of $32.54 and analysts' consensus price target of $36.25. The stock should discover initial support at its 50-day moving average (MA) of $29.61 and subsequent support at its 200-day MA of $23.55.

In the past 52 weeks, Conn's share prices have been bracketed by a low of $13.13 and a high of $32.87 and are now at $32.54, 148% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.7% while the 200-day MA has risen 1.1%.

Conn's, Inc. is a specialty retailer of home appliances and consumer electronics through stores in Texas and Louisiana, and via its website. Conn's also offers home office equipment, lawn and garden products, and other home products such as bedding.

By Robert Cotter
rcotter@fnno.com