Select Comfort Corp fka SCSS

[Bernstein]

Book Value laughable $3.60 / P/E 30 = fantastic short opportunity today after heavy pumping near term tgt $20-22

[stocktrademan]

SCSS bullish 21.70

[CER3]

May see a $20 test here soon.

SCSS

[CER3]

$18 test tomorrow !

SCSS

[CER3]

Looks like $20 will be here soon.

SCSS

[CER3]

$18 is now here.

SCSS

[CER3]

Folks that got in at $15-$16 will be feeling good when $19 hits here soon.

SCSS

[CER3]

Movement continues north.

SCSS

[CER3]

Broke through resistance. Nice move today going into the weekend.

SCSS

[ClarkKant]

Will easily cross $16 again today for another nice bounce play!

[ClarkKant]

Back in Filled $15.70 bounce time.

[ClarkKant]

$SCSS looking strong, but not in for this bounce but still on radar for any opportunities to grab some on a flush!

[CER3]

Looks like going higher in early trading.

SCSS

[ClarkKant]

$16.02 exited on dying buy volume and a triple top on the daily.

Will keep on watch for some volume.

[ClarkKant]

$16.25 area would be next level of resistance this was the bounce high after the opening low of $15.85 last Friday.

Lower Bollie @ $16.49 then after that the next real level of chart resistance would be the gap fill for right now.

JMO.

[CER3]

We were both right ;)

SCSS

[ClarkKant]

$SCSS Buying Pressure + Squeeze now after 15-min churn $15.80's. Perfect chart read.

$16.10's. Nice read for both of us.

[ClarkKant]

$15.80-$15.85 area seems to be the line of resistance.

This was the area where the bottom really fell out last Friday and when it tried to rise back above it 3x last Friday, it failed.

It opened up above $15.80 and was quickly pushed down at open today as well.

Shorts are getting nervous but $SCSS is going to need an influx of buy volume here to break through the $15.80/$15.85 area of resistance.

Could possibly see a nice squeeze $16 area if buy volume can uptick.

Let's see! Love watching these on the daily charts.

[CER3]

Looking to cross here...

SCSS

[ClarkKant]

Just grabbed some $15.36 now I was expecting some sellers at open who didn't get out last Friday, but I'm still looking for a green close.

Shorts are very much in control right now but they aren't shoving it down our throats at least and is on much lower volume.

Sells are only about 6% more than buys right now so she should stay steady here and hopefully pop IMO.

[CER3]

Starting out in the red ....

SCSS

[ClarkKant]

$SCSS going back up tomorrow.

[CER3]

Congrats.

SCSS

[ClarkKant]

Nice. Stopped out at $15.52 on that last spike to $15.67.Was a good play today 3x in and out, all green.

Will keep on watch for any major pullback action into close though.

[CER3]

Yeah , very possible.

In and out.
So far been 90% right ;)

SCSS

[ClarkKant]

Another $15.80 break attempt, it we get that break on volume, should close in the $16's IMO.

I see you've been here a while on $SCSS?

[ClarkKant]

Funny it hit $15.76 and like I said shorties/sellers showed up again.

Reset $15.30 now let's see.

[ClarkKant]

Shorty is fighting hard aren't they? They are momentarily starting to lose their grip now. $15.55.

Shorty reads charts too and they know if this breaks $15.80-$16 area which is where shorty took it down hard after the first initial bounce, it's going to create some panic IMO.

$SCSS moving north over lunchtime is always a small good sign. Let's see how strong the long/bull action is now the last few hours.

[CER3]

Tight trading , may see a break either direction here soon.

Thinking more north ;)

SCSS

[ClarkKant]

IF $SCSS pushes past $15.50 again and sustain a 10-minute move over that level, I think we have our next leg. They've tried multiple times (like 5x) to push this back down under $15.28 and have been unsuccessful so far. Sooner or later it's going to push past $15.60 and burn shorty once it moves to $15.80-$16 area.

[ClarkKant]

Look for a 10-minute sustain of the $15.50+ level IMO and we'll seee $16+ coming.

Some lunchtime selling but I'm holding as long as the $15.20 holds.

Notice how the shorts show up $15.50-$15.60 area the last hour because shorty knows that if this breaks the $15.80 area, game over for them.

[CER3]

Liking this stair step pattern happening.
Bottom is officially in.

SCSS

[ClarkKant]

40K cleared @ $15.25-$15.28; Going to make a $16 push now IMO as another 20K block cleared out @ $15.48 and big thick 5k-10k bids showing up for the first time now today.

[ClarkKant]

Shorty cover coming IMO if this breaks $15.80.

[ClarkKant]

Intra-Day Resistance @ $15.20 then $15.85; Support @ $14.90 and then $14.53 give or take a few pennies.

[CER3]

Agree.

SCSS

[ClarkKant]

$SCSS cleared a 16K block on ask @ $14.91 upward we go!

[ClarkKant]

Last 3 lows on 1-Hr: $14.28, $14.44 and $14.57. It's going to pinch north now IMO.

Tight SL @ $14.58 now.

[ClarkKant]

In $14.49.

There's was a nice $1 bounce but missed it and actually bounced to higher PPS to $15.21 and is putting in a higher low $14.46 now on the 10-Minute and moving up again so maybe bleeding is over. There was no indication of the bounce even on the 1-Minute at $14.30.

Very tight SL.

Was the news even really that bad?

[CER3]

It can be , level 2 has shown the true colors of this today...

Best of luck.

SCSS

[ClarkKant]

Yeah forgot with these low SS on high volume, candles can be a little tricky because they move so fast.

There's the $1+ bounce now but missed it. There was no indication of the bounce even on the 1-Minute at $14.30.

[CER3]

Looks like $14.50ish, $15 coming again...

SCSS

[CER3]

Glad you got out in time , sliding downwards again.

I agree, there will be a bounce , just matter of when...


SCSS

[ClarkKant]

$SCSS will have a $1-$2 bounce somewhere today. Looking for a 10 or 15-minute candle.

[ClarkKant]

100% agree, I stopped out at $15 when it bounced back to the $15.20 mark.

Looks like $14 is coming but watching for any bounce possibilities.

[CER3]

$15.0X is being difficult , we don't break this resistance , we will go even lower....

Best of luck.

SCSS

[ClarkKant]

in $14.90 on another candle for bounce.

[CER3]

Careful here ....
Still looks like selling is strong.

$15 is a good entry point though based on the chart, so don't blame you.

Best of luck.

SCSS

[ClarkKant]

Easy $$ bounce play to $15.50's.

[ClarkKant]

In at $15.09 for bounce on 5-min candle