SIG's post-earnings rally is driven by a top-line beat and raised FY27 EPS guidance, with significant short interest providing squeeze potential near the $100 technical resistance.
Jump to any passage
Okay. Um all good. Let's go with some of the stocks that people are asking about then. Uh we can start here with Sig. This is going to be Signet Jewelers. This is the parent company for KJ Jewelers.
Um stock is popping here in the pre-market. It is up 13%. Uh remember this is uh where is this? Uh Bermuda. I always mix it up. Is headquartered in Bermuda. We had a nice move up to 98, a pullback to 90, a recapture of the VWAP, but a top there at 96.
This sets up a trend line that we would want to see broken here.
They had earnings this morning and it says that the conference call is still going here. Um looks like it was a beat on the top, a miss on sales. They raised their fiscal year 27 adjusted EPS guide from 920 to11 to a new range of 1045 to 1215.
That is much higher and above the estimate. They also affirmed fiscal year 27 sales guidance um uh in line or slightly above estimate that's causing the stock to move higher here.
Um let's take a look at the short interest. I can't remember the last time. Okay, so 18.47% of the float to short here. Boy, I clicked on the wrong thing. 9.99 days to cover. We have actual squeeze potential here on this one as well. Float on this one. 27.7 million.
So, we're above VWAP. Uh there's a you draw a trend line there from those two peaks. Um, so we continue holding above VWAP, we may be able to break out of this downtrend. Uh, what is and we've kind of just mostly been in a sideways pattern for about a year, maybe a little bit more.
So, uh, the top of that end of that sideways pattern, well, a lot of it is in, you know, right around 100. you do have some prints above it in uh December that took it up to 108,
seems to me like uh if we do continue uh moving up here, that 100 is going to be the big resistance area to get through.
Um SIG came up to that trend line that we drew. Let's see if it uh can do anything with it. Oh, you know what? Let me redraw it. You're absolutely right. Sorry about that. That was right.
Oh, no, no, no. You're just clicking too fast, bro. Yeah, there there it is. There. There we go. Right to the trend line and stopped there as if that trend line is actually something out there.
Now, now we're waiting for uh signate jewelers. I mean, this thing is not still not really moving. Um but we have that trend line that we drew and if volume starts to increase and we're looking for we're going to want to see that breakout through that trend line.
Uh Signate Jewelers. There it is. There's that breakthrough trend line that we were waiting for. We almost took it up to 100. Let's see if we can break above that uh 97 there.
SIG still pushing up. It's looking for 100.
nice JJ. He got some money out of that one.
looks like soon is still trying to work through that uh trend line although it's holding above VWAP. So that's a good sign. Need to see some bitter volume with this one though.
SIG looking for 100 still. volume also has slowed down in that one. Sorry I'm a little bit behind I'm a little bit behind you here. It was still on the SIG chart. SIG looks like it did test 100 here.
Uh SIG not able to get to 100 just yet. Volume is continuing to slow down here.
Sig did did fine.
Watchpoints
What this channel has said about $SIG
Benzinga has only this one call on this stock.