26Nov11:45 amEST

Purple People Eaters Line Up for Black Friday

Purple Innovation Inc. (PRPL) is a small cap, low-priced, and fairly thinly-traded retail stock.

But that's just it--Small caps and retail stocks are suddenly back en vogue as we head towards the quasi national holiday known as "Black Friday" for the post-food coma shopping bonanza. Purple is an interesting firm, claiming to have the "best mattress tech advancement in 80 years," according to their website. 

Either way, we can see the chart coiling on its daily timeframe, below, with a move back over $8.90 likely igniting the Black Friday rally. 

So if you are sticking around for some more trading before the weekend, PRPL is a good example of the type of small cap play which can flourish under these conditions in a holiday setting. 

Sunday Matinée at Market Ch... Stock Market Recap 08/20/18 ...


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