Burlington Stores, Inc. (BURL) – powering in a southerly direction?

ISIN: US1220171060

Burlington Stores, Inc. is a fashion retail company from the USA. In over 500 stores and an internet shop, branded products in the sectors of women’s, men’s and children’s clothing, shoes, handbags and other accessories are offered. Burlington Stores was founded in 1972 and has its headquarters in Burlington, New Jersey. In the following analysis, we will expand on the company’s stock from a technical point of view.

 

Review

The long-term upward trend in the daily chart was broken; at the same time, a young but clear downward trend has formed since the high in May 2017. The volume in the last correction was falling, which is a positive indication for the envisaged short idea.

 

stock BURL daily chart with targets

stock BURL daily chart with targets

 

Outlook

In the subordinate trend size on the hourly basis, the first signal could already present itself in the form of a 123, if the last hourly low at approx. 87 USD is undercut. To find a lucrative short entry in relation to the 1st target, however, one should first wait for the SMA 200 to be undercut, and for a renewed runback (blue dotted arrows). Here, the entry from out of the correction would then lend itself, with a stop loss on the point 3 that will have formed by then.

The areas around 81 USD and 70 USD (green zones) serve as target marks. If the value clearly and sustainably rises above the area around 94.50 USD (red line), one should desist from the short scenario.

 

BURL hourly chart with outlook

BURL hourly chart with outlook

 

Before trading, one should take news from the environment and from the company into account. Similarly, one should also observe the overall market.

 

Possible trading parameters

Entry: at 87 USD

Stop: 91.75 USD

Target: 81 USD and 70 USD

 

 

Neither the author nor our company is invested in the securities and underlyings discussed at the time of publishing this analysis.

Disclaimer:

Exchange transactions are associated with significant risks. Those who trade on the financial and commodity markets must familiarize themselves with these risks. Possible analyses, techniques and methods presented here are not an invitation to trade on the financial and commodity markets. They serve only for illustration, further education, and information purposes, and do not constitute investment advice or personal recommendations in any way. They are intended only to facilitate the customer’s investment decision, and do not replace the advice of an investor or specific investment advice. The customer trades completely at his or her own risk.

 

Burlington Stores, Inc. (BURL) – powering in a southerly direction?
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