The USD 46.83 support, lately tested, should allow Buckle to rally again.
Fundamentally, sales and EBITDA should keep rising. The stock is presently in an oversold situation. The share has not reach the consensus average target price yet.
The security has been in a neutral tendency for several months, but a recent sharp drop brought back the stock on its lower trend line. This area coincide with the one of the USD 46.83 support. This level could serve as a basis for a forthcoming acceleration.
Consequently, active investors may open a long position at current prices and target a reversal toward the USD 51.7 pivot point. Some profits could be taken in the USD 49.25 area.
A stop loss should be set at USD 45.8 in case of further corrections.
The Buckle, Inc. is a retailer of casual apparel, footwear, and accessories. The Company operates approximately 440 retail stores in 42 states. The Company markets a wide selection of casual apparel including denim, other casual bottoms, tops, sportswear, outerwear, accessories, and footwear. It also provides customer services, such as free hemming, free gift-packaging, easy layaways, the Buckle private label credit card, and a guest loyalty program. The Company offers denims from brands such as Miss Me, Rock Revival, KanCan, Hidden, Flying Monkey, Levi's, Preme, Smoke Rise, Ariat, Good American, and Wrangler. Other key brands include Hurley, Billabong, Affliction, American Fighter, Sullen, Howitzer, Oakley, Fox, RVCA, 7 Diamonds, Nixon, Free People, Z Supply, Salt Life, White Crow, Brew City, Reef, Stance, Versace Cologne, American Highway, Eight X, Pendelton, Hooey, Goorin Bros., Old Row, Timberland, Teva, Kimes Ranch, SOREL, Hey Dude, Steve Madden, Dolce Vita, and SAXX.
THE BUCKLE, INC. 
