Friday, May 24, 2019 7:13:24 PM
$SMRT 45% JUMP TODAY ON AMAZON PARTNERSHIP
Stein Mart Inc . stock soared 45% in Tuesday trading after the off-price retailer announced that it will install Amazon Hub Lockers in nearly 200 stores in 28 states. Amazon Lockers are found in various other locations including NYSE:KSS . This is a superb opportunity to increase footfall into the stores without any marketing expenses. It is also interesting to see the option activity with a high quantity of $2 call traded, this is indeed very bullish , options are often a very good read on what is ahead.
For a safe entry point it is advisable to wait for a break above the 200 day MA and the downtrend line(blue).
Stein Mart Inc . stock soared 45% in Tuesday trading after the off-price retailer announced that it will install Amazon Hub Lockers in nearly 200 stores in 28 states. Amazon Lockers are found in various other locations including NYSE:KSS . This is a superb opportunity to increase footfall into the stores without any marketing expenses. It is also interesting to see the option activity with a high quantity of $2 call traded, this is indeed very bullish , options are often a very good read on what is ahead.
For a safe entry point it is advisable to wait for a break above the 200 day MA and the downtrend line(blue).
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