I am in no way advocating a long-term hold on ICON, but I do think that it's a bit undervalued in the short-term. I really like their two month chart and believe they have value in their brands (Ecko, Rock, Ed Hardy). I believe they're a bit over-sold due to bearish outlooks put out in late June and I believe there is still good value in ICON for the shorter term. I'd love to see $22, which is doable, in the next month or two.
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