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Conn's Shares Climbing Higher, Up 1.8%

Published on Mon, 02/04/2013 - 11:39
By Robert Cotter

One of today's notable stocks on the rise is Conn's (NASDAQ:CONN), up 1.8% to $29.04. The S&P is trading lower by 0.7% to 1,503 and the Dow is trading 0.8% lower to 13,900.

In the past 52 weeks, shares of Conn's have traded between a low of $11.00 and a high of $31.35 and are now at $29.04, which is 164% above that low price. Over the past week, the 200-day moving average (MA) has gone up 1.2% while the 50-day MA has advanced 0.7%.

There is potential upside of 21.0% for shares of Conn's based on a current price of $29.04 and an average consensus analyst price target of $35.12. The stock should discover initial support at its 50-day moving average (MA) of $28.62 and subsequent support at its 200-day MA of $22.34.

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