Call Traders Could Use This Retail Stock to Profit
BJ’s Wholesale Club (BJ) Schaeffers Investment Research·2024-06-07 21:06
BJ's Wholesale Club Holdings Inc (NYSE:BJ) stock broke out above $80 after the retailer's earnings report, a level that is also the site of 2022 highs. Follow-through buying then pushed the shares above $85, or five times their initial public offering (IPO) price of $17 back in 2017. Now looks like an excellent time to bet on a move higher, given its mild pullback and relative strength amid this week's broad-market selloff. Subscribers to Schaeffer's Weekend Trader options recommendation service received th ...