03Dec3:42 pmEST

Another Day at The Office for Burlington Coat Factory

Burlington, formerly known as Burlington Coat Factory, is yet another stealth retail play emerging as a new school leader in the sector, not unlike Canada Goose Holdings Inc. (GOOS). 

After suffering a sharp drop to its rising 200-day moving average in the heat of the broad market correction, BURL recovered sharply after strong earnings and continues to build on that strength during today's session especially. 

On the BURL daily chart in real-time, below, we can see that this retail name has all the hallmarks of a fresh breakout over $180 in the coming weeks if the price action in the broad market continues to firm up. 

As for the market at-large, it is important to keep in mind, into the bell, that bulls do not necessarily need a rocket-ship close at session highs. Instead, simply closing at or above the midpoint of today's price ranges across the various indices would suffice as a solid day of rallying after both dovish Fed news last week and trade war news over the weekend. 

Snapping Back in a Major Way Still Plugging Away


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