SC, Shoppers once again!

There are not many stocks that allow for a bullish outlook; this one does so it is worth repeating particularly since there were a number of commentators on BNN who were downright bearish on the stock which is already down about 40% from the highs.

SC March 26, 2010

The stock is down a few dollars since the previous comment but the overall picture remains quite constructive. The stock should not drop much below $34, if that. Just closing the gap would retrace it to about $42, up about 23 %. Of course higher levels are quite possible as shown. The only part that cautions against an overly aggressive position would be the market overall which could become very bearish.