As a follow-up to my last post on
NILE and potential retail laggards catching a bid into Black Friday in two weeks, also note Skullcandy with a comparable chart.
On the daily chart, below, note the stock breaking out from a potential base bottom formation. The strength today is quite impressive on a relative and absolute basis. Daily chart moving average support is also just below price.
I would keep a protective stop-loss below $8.20 to mitigate downside risk, playing for a move up to prior $9.30 resistance.
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