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Non-Tech : Retail Sector Earnings Reports -- Ignore unavailable to you. Want to Upgrade?

To: SusieQ1065 who wrote (229)	8/22/2002 5:36:03 PM
From: SusieQ1065	Read Replies (1) \| Respond to of 246

Electronics Boutique (ELBO) 28.46 +1.41: Retail sector might be struggling in general, but those companies in the business of selling gaming software are performing rather nicely these days... ELBO is up over 5% today on more than 2x average daily volume, as traders respond favorably to last night's bullish earnings report in which company beat consensus sales/EPS estimates, and reaffirmed its Q3/Q4 guidance... However, impressive fundamentals not the only thing to cheer about... As you can see from the chart below, ELBO's technical picture has brightened considerably over the past couple of days. Stock has blown through trendline and 50-day moving average resistance levels amid steadily rising volume... Double-bottom formation suggests near- to intermediate-term upside potential to 32.50 area, which also happens to correspond with the stock's 200-day moving average... A move to the 32.5 level would leave the stock trading at 19.9x estimated FY03 earnings of $1.63 and 0.70x projected sales of $1.2 bln - multiples that the market should feel very comfortable with given the company's ability to deliver high double-digit growth... ELBO is one of Briefing.com's Growth Core candidates. -- Robert Walberg, Briefing.com