Up Around 40%, This Stock Could Still Double

It’s not all bad news at the mall these days.

Express EXPR – NYSE popped [Wednesday] on news that it beat Q2 revenue and earnings estimates, and raised its full-year forecast despite a “difficult environment.”

EXPR shares rose 15.82% on the news before sagging back some -2% on profit taking.

This puts EXPR close to the top of its short- and mid-term trends, but that doesn’t mean there are no opportunities left.

In fact, it’s possible that patient investors can still double their money over the next year.

Bottarelli Research Tip: Usually, we focus more on shorter-term action. But when you draw back and look at EXPR’s 2.5-year chart, you can see that it put in a similar bottom back in the fall of 2012 and then went on to gain 140%. Shares have already picked up some 40%, but if EXPR follows suit again the next year could still see prices double. We suspect EXPR will face resistance at its 200-day (40-week) moving average. If you were to buy shares on this weakness and put them away for a while, you might get a pleasant surprise come Christmas 2015.

– Bottarelli Research

Source:http://dailytradealert.com/2014/08/28/up-around-40-this-stock-could-still-double/