Good Morning everyone and Happy Valentines Day! In honor of the Holiday I will be doing analysis on 3 related stocks: Signet Jewelers(SIG), 1-800 Flowers(FLWS), and American Express(AXP).
Signet Jewelers is the world's largest retailer of diamond jewelry and the largest specialty jewelry retailer in the US, UK, and Canada. In the US, Signet multiple brands including Kay Jewelers, Zales, Jared The Galleria Of Jewelry, James Allen, and Piercing Pagoda. In the UK, Signet is owner and operator of approximately 500 stores under the name brands of H.Samuel and Ernest Jones.
1-800-Flowers.com, Inc. is a floral and gourmet foods gift retailer and distribution company in the United States. It was one of the first retailers to use a 24/7 toll-free telephone number, then the Internet, and then conversational commerce via chat/chatbots for direct sales to consumers.
The American Express Company, also known as Amex, is an American multinational financial services corporation headquartered in Three World Financial Center in New York City. The company was founded in 1850 and is one of the 30 components of the Dow Jones Industrial Average.
FLWS- FLWS is in a Supply Zone and also forming a head and shoulders pattern. With enough momentum, it can continue past the ATH but probability favors a drop soon. Interested in buying the possible dip? The stock has consistently reversed bullish at the 200 weekly Moving Average.