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Relatively High Beta Detected in Shares of Tuesday Morning in the General Merchandise Stores Industry (TUES, FRED, BIG, DLTR, DG)
Feb 28, 2013 (SmarTrend(R) News Watch via COMTEX) --
Below are the three companies in the General Merchandise Stores industry with the highest betas. Higher-beta stocks mean greater volatility and are therefore generally considered to be riskier but also may provide the potential for higher returns.Tuesday Morning ranks highest with a a beta of 1.1. Following is Fred's with a a beta of 1.1. Big Lots ranks third highest with a a beta of 0.9.
Dollar Tree follows with a a beta of 0.8, and Dollar General rounds out the top five with a a beta of 0.6.
SmarTrend recommended that subscribers consider buying shares of Tuesday Morning on November 6th, 2012 as our technology indicated a new Uptrend was in progress when shares hit $6.14. Since that recommendation, shares of Tuesday Morning have risen 46.7%. We continue to monitor Tuesday Morning for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Write to Chip Brian at cbrian@mysmartrend.com
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SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com
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