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AAN - Aaron's, Inc.

Discussion in 'Stock Message Boards NYSE, NASDAQ, AMEX' started by anotherdevilsadvocate, Feb 16, 2017.

  1. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    [​IMG]

    Aaron's, Inc.
    Services | Rental & Leasing Services | USA

    Aaron's, Inc. operates as a specialty retailer of furniture, consumer electronics, computers, appliances, and household accessories in the United States and Canada. It operates through six segments: Sales and Lease Ownership, Progressive, HomeSmart, DAMI, Franchise, and Manufacturing. The company engages in the lease ownership and retail sale of various products, such as televisions, computers, tablets, mobile phones, living room, dining room and bedroom furniture, mattresses, washers, dryers, and refrigerators. It offers products of various brands, such as Samsung, Frigidaire, Hewlett-Packard, LG, Whirlpool, Simmons, Philips, JVC, Sharp, and Magnavox. As of October 28, 2016, the company operated approximately 1,930 company-operated and franchised stores in 47 states and Canada; and provided lease-purchase solutions through approximately 19,000 retail locations in 46 states, as well as various second-look financing programs. Aaron's, Inc. was founded in 1955 and is based in Atlanta, Georgia.
     
  2. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    Back in mid-January this gapped down 10% after an analyst downgrade. Cited were a couple of ridiculous reasons:
    1) Downgraded from Outperform to Market Perform because his price target of $34 was already hit [maybe your target was wrong]
    2) A competitor, Rent-A-Center, reported a surprise loss because they are transitioning to a new sales system [has nothing to do with Aaron's]

    Today it's back down to that level around $29, and volume is a lot lower than it was in mid-January. ER tomorrow, uptrend that started back in November may continue.
     
  3. bigwin1234

    bigwin1234 New Member

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    That is a beautiful chart. is there any way to assume a move like that is going to happen. Or do you just need to be there when it does?
     
  4. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    I don't know of any way. There might be a way that increases the chances of it happening, but don't expect a method that has 100% success. But if you have a few % points advantage it can help.
     
    bigwin1234 likes this.
  5. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    Gapped up today after ER. Set my stop at 30 and it got hit in the first 5-minutes. Very important those first 5-minutes in trading day after ER.

    That downtrend resistance was real today
    [​IMG]
    Has a chance to pull back more since the general market looks like it will not be going up in the short term. But I think next time this resistance will be taken out, albeit at a lower level.
     

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