Wednesday, April 3, 2013

Has Body Central Finally Hit Bottom?

Don't look now, but Body Central (BODY) appears to have hit bottom. After the huge plunge last Spring, the stock has spent the last 7-8 months flat lining. Now for the first time since a false attempt in September, the stock has moved above the 20/50EMAs.

























Have the fundamentals really changed? Analysts have cut the Q113 earnings estimates from $0.34 90 days ago to only $0.18 now. The stock is signaling a potential change in the air. With the 52-wk high at $30.93, BODY could be a sweet gainer if the turnaround is complete. Just not convinced it is in the bag yet.



Disclaimer: No positions mentioned. Please review the disclaimer page for more details. 



No comments: