Candie's (CAND)

Company

"Candie's, Inc. is in the business of licensing the CANDIE'S, BONGO and BADGLEY MISCHKA trademarks on a variety of footwear, apparel and fashion products. Through its wholly owned subsidiary, Brightstar Footwear, Inc., the Company also arranges for the manufacture of footwear products for mass market and discount retailers under the private label brand of the retailer." (company website)

CAND stock chart

Buy

8-Jun-05. Candie's has been consolidating around $5 since peaking at $6 last November (see sidebar). It is now poised to move on to a new high for the year.

  • Price momentum (PPO) — gathering strength in past two weeks
  • Trend (ADX) — trend forming in past two weeks and buying pressure (+DI) nicely increasing
  • Money flow (CMF) — positive, but nothing spectacular
  • Relative strength (RSI) — sharp increase in past two weeks

Sell

profit Bottom line
+7.5%

17-Jun-05. This morning CAND opened up but immediately started down. Given the recent big jumps and how far it is from the 50-day moving average, I chose discretion rather than valor. By the end of the day, CAND recovered to end at the same place it started.

I may have retreated prematurely. Never mind. A profit, is a profit, is a profit.

CAND stock chart
CAND 1-year chart