Pier 1 Imports, listed on the New York Stock Exchange, is a global importer of imported decorative home furnishing and gifts.
The high levels of valuation show the interest of investors for this security.
Analysts polled by Thomson Reuters have revised regularly upward the earning per share estimates. Group's financial situation is healthy with a positive treasury of USD 222 million.
Technically, the share has a bullish configuration in the medium and long term. Prices are supported by increasing moving averages as shown by the 20-period, in weekly data, and enclose the stock in a dynamic upward trend. The stock should approach the USD 23.4 short term resistance in the coming trading session.
Therefore, investors will benefit from the signal given by the crossing of the USD 23.4 resistance to take a long position in the stock. The objective will be set near USD 25.7. Once the position is opened, a stop loss should be fixed under the effective entry point to guard against a trend reversal.
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Distributes home furnishings and accessoriesPier 1 Imports, Inc. engages in the provision of retail sales of decorative home furnishings, furniture, and gifts.Its products include decorative home furnishings, dining, kitchen goods, bath, bedding accessories, and specialty items for the home.The...