Today, shares of Conn's (NASDAQ:CONN) have fallen below their 10-day MA of $30.01 on a volume of 250K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.
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.
In the past 52 weeks, shares of Conn's have traded between a low of $10.01 and a high of $30.84 and are now at $29.77, which is 197% above that low price. The 200-day and 50-day moving averages have moved 0.81% higher and 0.83% higher over the past week, respectively.
Conn's (NASDAQ:CONN) has potential upside of 14.2% based on a current price of $29.77 and analysts' consensus price target of $34.00. The stock should discover initial support at its 50-day moving average (MA) of $27.13 and subsequent support at its 200-day MA of $20.79.