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Buyers Accumulate Shares of Conn's, Up 3.9%

Published on Tue, 04/02/2013 - 10:16
By Mallory Stone

Conn's (NASDAQ:CONN) is one of today's biggest movers, up 3.9% to $36.67. The Dow is up 0.7% to 14,671 and the S&P is currently up 0.7% to 1,573.

Conn's share prices have moved between a 52-week high of $37.91 and a 52-week low of $14.40 and are now trading 155% above that low price at $36.67 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.9% while the 200-day MA has risen 0.8%.

There is potential upside of 2.5% for shares of Conn's based on a current price of $36.67 and an average consensus analyst price target of $37.57. The stock should discover initial support at its 50-day moving average (MA) of $32.05 and subsequent support at its 200-day MA of $25.45.

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 Mallory Stone
mstone@fnno.com