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November 19, 2012
10:34 EDTBGFVBig 5 Sporting rises above its 10-day MA, new bullish pattern now active
The shares are up over 6% today, recovering from a relatively brief consolidation period following a very strong up day on November 2nd. This consolidation phase, resulting in a bearish price channel, now appears to be a bullish flag on the daily chart. The pattern became active today when shares broke out above the top of the channel at the $13.25 area. Upside potential for this bullish flag pattern, if it remains active and completes, is to the $17.50 area. The pattern would no longer be active on a move below $13.25, and would be voided on a break below the prior bearish price channel at the $12.50 area. Support is at the 10-day, last at $13.15.
News For BGFV From The Last 14 Days
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March 17, 2015
15:01 EDTBGFVSCM's DeMarco says Big 5 Sporting's underperformance 'unacceptable'
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14:57 EDTBGFVBig 5 Sporting holder Stadium Capital nominates three candidates to board
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March 13, 2015
10:00 EDTBGFVOn The Fly: Analyst Initiation Summary
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08:06 EDTBGFVBig 5 Sporting initiated with a Market Perform at Barrington
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