Express Inc. stock trades under the ticker EXPR & is an apparel retail company.
EXPR stock closed at $5.14/share on 8/3/2021, with some short-term bullish signals traders may be interested in taking advantage of.
EXPR Stock Price: $5.14
10 Day Moving-Average: $4.94
50 Day Moving-Average: $5.24
200 Day Moving-Average: $3.14
RSI: 51
MACD: -0.089
Yesterday EXPR completed a bullish MACD crossover, signalling an uptrend & bullish sentiment.
With a mid-range RSI, I’ll be watching the $5.50 resistance level, which should be tested within the coming days/week.
The price currently is testing the 50 Day Moving-Average, with the 10 Day MA lagging the 50 by ~6%.
Another thing of note regarding EXPR stock is that their earnings call is scheduled for 3 weeks from today, which may find traders trying to get in ahead of a potential beat.
From an options perspective, I like the $5 strike for the calls, as all of their August expiration dates have healthy Open Interest & Volume levels, despite the stock itself’s common share volume being lower than average for the year.
I also like the $5 puts, and may think to purchase both, using different price levels for different expiration dates based on how their price performs over the next couple of days.
From a long-term standpoint, Express Inc. stock doesn’t offer a dividend yield, and as we are at all-time highs I would wait to purchase shares as there is no cushion for investors in the event of a correction.
Overall, EXPR stock offers short-term traders some opportunity for profits, and is worth exploring introductory price levels for longer-term investors after a shakeout.
*** I DO NOT OWN SHARES OF EXPR STOCK ***