Cablela's (CAB) - has formed a bullish inverted head + shoulders formation over the last 8 months. It's sitting right at key resistance and is poised for a possible breakout. The chart should also have golden cross over the next several weeks. If it breaks out it should move up into the previous trading range (50-58). Currently at 49.5 -
>>> Cabela's Incorporated operates as a specialty retailer and direct marketer of hunting, fishing, camping, and related outdoor merchandise. The company operates through Retail, Direct, and Financial Services segments. The Retail segment sells products and services through its retail stores The Direct segment sells products through its e-commerce websites, including Cabelas.com and Cabelas.ca; and direct mail catalogs. The Financial Services segment issues Cabela's CLUB Visa credit card, a rewards based credit card program; and certificates of deposit, as well as underwrites credit statistics. This segment offers its Cabela's CLUB Visa credit card through various channels, including retail stores, Website, inbound telemarketing, and catalogs. The company?s product assortment includes hunting equipment, such as firearms, ammunition, optics, archery products, and related accessories and supplies; and field wear apparel and footwear, sportswear apparel and footwear, casual apparel and footwear, and workwear products. Its product assortment also comprises equipment and accessories for various outdoor activities, including fishing and tackle products; boats, electronics, and marine accessories and equipment; camping gear and equipment; food preparation and outdoor cooking products; all-terrain vehicles and accessories; and gifts and home furnishings. The company operates 77 retail stores, including 68 stores in the United States; and 9 stores in Canada. Cabela's Incorporated was founded in 1961 and is headquartered in Sidney, Nebraska. <<<
