Excitement over TRLG's positive earnings announcement this morning pushed the stock nearly 15% higher. Retail is a depressed sector right now, as many of the large stocks have fallen victim to negative sentiment leading many stocks to get hit hard.
Now that TRLG has proved itself to not be trapped in retail's circle of negativity, it might be time to look for a trade. The stock is currently being sold off a bit with the rest of the market. However, unlike the rest of the market, I think the news from its earnings report will carry over into the coming days if not the coming weeks.
My advice would be to scale in right here. Starting around 17.40, I would add some now and look to add if it moves lower. Three negative days in a row for the broad markets will likely reverse tomorrow and with that TRLG should continue to fly. Strong resistance is up near 22 dollars. I believe it will eventually make its way up to that level.
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