) -- We're just a few days away from the most important sporting event of the year. No, it's not the Super Bowl or the World Cup. I'm talking about Black Friday.
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Black Friday, after all, is the one day each year when mild-mannered suburbanites become ruthless competitors, hurdling clothing racks and shot-putting purchases across cashiers' scanners at high speed to get the best deals. Black Friday is also some very high stakes competition -- ShopperTrak estimates that consumers spent a whopping $11.2 billion in last year's bargain frenzy.
For retail stocks, there's no single day as important as Black Friday. That's true even in many retail names that don't actively participate in Black Friday sales. Not surprisingly, all of that attention on a single sector means that there are trades to be made in retail stocks this week.
So, while shoppers get ready to save on Black Friday, we'll get trade-to-trade with a close technical look at
five retail stocks
making moves this week.
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For the unfamiliar,
is a way for investors to quantify qualitative factors, such as investor psychology, based on a stock's price action and trends. Once the domain of cloistered trading teams on Wall Street, technicals can help top traders make consistently profitable trades and can aid fundamental investors in better planning their stock execution.
Without further ado, let's take a look at
five technical setups
worth trading now.