Hey all, I think GCO is in the beginning phases of a markdown phase. It is a retail stock(which I have a very bearish thesis on through year-end). I'm not currently short on this stock, but I would jump at the opportunity to get short should it get back into the high 50's. Considering it ran over 1000% from the pandemic low to its highs, it has a lot of...
And finally another pullback buy is setting up on $GCO. Not something to buy Monday but rather watch for pivot to form and the setup to trigger.
GCO: Genesco Inc. 2022-02-07 06:50:00 Genesco announces $100 million increase to its share repurchase authorization
For the last three days, Tickeron A.I.dvisor has detected that GCO's AroonDown red line is above 70 while the AroonUp green line is below 30 for three straight days. This move could indicate a strong downtrend ahead for GCO, and traders may view it as a Sell signal for the next month. Traders may consider selling the stock or exploring put options. Tickeron...
Note the strong RSI and formation on top of the spike
GCO: Genesco Inc. 2019-09-30 06:50:00 Genesco Announces New $100 Million Stock Repurchase Authorization
GCO: Genesco Inc. 2018-12-14 06:50:00 Genesco Announces Definitive Agreement For The Sale Of Lids Sports Group And $125 Million Share Repurchase Authorization
GCO: genesco inc 2018-02-13 16:03:24 Detected possibility of exploring sale of company or assets
The upper panel has two volume indicator and both are up today. The Bottom Panel line will cross 20 at price of 62. So watch for it to cross 62 and take a ride to 64.
Genesco apart from being under fire from high tech competitors like amazon, is in the wrong part of the market, consumer staples. This baby looks WEAK! I am very bearish. #RIPerinoCappichino.