First recommended on July 2d as a sure buy at about $33, with a near certain minimum target of $38/39. Perhaps time to exit. It is entirely possible that the B in this A-B-C was a triangle in which case the stock can go a lot higher. Against that should be weighed the possibility that we are only completing a wave 4 of C and will soon make a new absolute low.(as shown in the labeling in the chart). When in doubt, get out! Take the 15% gain and keep an eye on this one, it would be a buy again if a new low is made.

We recommended this one about two months ago when the stock was marginally below $33. It  immediately shot up to $37, but, the target is a few dollars higher, furthermore the wave 2 is clearly  corrective so a new high should be forthcoming. Stick with it.

As indicated in previous comments Shoppers could be a buy soon. We are essentially there on a number of indicators. First we are precisely under the apex of the triangle, assuming there is one. Secondly both the RSI and MACD are not confirming the new lows. Thirdly at first blush the 5th wave down looks a lot like a wedge, or in EW parlance, a diagonal, a pretty reliable sign the market has gone too far too fast. What has not yet happened is a drop to the 50% level which is around $29. Given the upside potential being a little early should probable be favored over missing the boat entirely. As always, entirely your call.

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.

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.