Why The Bon-Ton Stores, Inc. (BONT) Is Sending Bullish Signals?

The Bon-Ton Stores, Inc. (NASDAQ:BONT) gained 7.69% in yesterday’s trading session, going up from its prior closing price of $0.65 to $0.70. The price has been moving in both directions for this period, and there has been a 9.36% gain over 10-day period. The upbeat movement of both volume and price during the recent session is interpreted as a good sign, and, overall 756 025 more shares exchanged hands compared with prior day. In total, 870 342 shares was the trading volume and the dollar amount of trading equals $609 239.

Inside BONT’s Recent Trend

The Bon-Ton Stores, Inc. (BONT) enjoys staying at the middle end of a sharp increasing trend in a short period of time and issued considerable signs about additional rally. Short-term traders are predicted to see a rally of 37.63% over the course of a quarter and, with 90% chance the price will be floating in the range of $0.66 and $1.29 in this timeframe.

The Bon-Ton Stores, Inc. Technical Signals

BONT has witnessed its long term and short term MA triggering a buy signal. Many traders watch for short-term averages to cross above long-term averages to signal the beginning of an uptrend. Upon corrections, the price will meet support from the averages between $0.67 and $0.66. A break down through these support points will trigger sell signals. Its pivot point low generated buy signal on Wednesday September 06, 2017, which calls for additional surge until the stock forms a new pivot point high. The Bon-Ton Stores has rising volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk.

The Bon-Ton Stores, Inc. (NASDAQ:BONT) Support And Resistance Levels

The Bon-Ton Stores, Inc. (BONT) recorded volume accumulation so there will probably be a surplus of buyers at $0.68. In case of gains, the next resistance from accumulated volume will be at $0.77, $0.79 and $0.80.

The Bon-Ton Stores, Inc. (BONT) Risk Assessment

A volatility based measure Bollinger Bands suggests this stock poses high risk. In the most recent session, the stock price hovered around $0.10 between high and low, or 15.38%. The average volatility for the past week stood at 8.29%.


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