Pre-Market Technical Recap on Specialty Retail Stocks - Michaels Cos., Tractor Supply, Pier 1 Imports, and Sally Beauty

NEW YORK, June 6, 2017 /PRNewswire/ --

Today, DailyStockTracker.com scans four Specialty Retail stocks to see how they have fared over the past few trading sessions: The Michaels Cos. Inc. (NASDAQ: MIK), Tractor Supply Co. (NASDAQ: TSCO), Pier 1 Imports Inc. (NYSE: PIR), and Sally Beauty Holdings Inc. (NYSE: SBH). The Motley Fool recently reported that, with consumers shifting an ever-growing percentage of their spending online, the need for physical stores has been dramatically reduced, leaving many retailers with large numbers of underperforming stores to close. Daily Stock Tracker provides great insights on these stocks in its free research reports at:

http://dailystocktracker.com/register/

Michaels 

Irving, Texas headquartered The Michaels Cos. Inc.'s shares rose 1.38%, finishing Monday's trading session at $19.83. A total volume of 2.51 million shares was traded, which was higher than their three months average volume of 2.21 million shares. The stock is trading below its 50-day moving average by 9.58%. Moreover, shares of Michaels Cos., which owns and operates arts and crafts specialty retail stores in North America, have a Relative Strength Index (RSI) of 39.29.

On May 22^nd, 2017, Michaels Cos. announced that it plans to report its Q1 results on June 06^th, 2017, before the opening of financial markets. In connection with the announcement, the Company will host a conference call at 8:00 a.m. CT on that same day to discuss its financial and operational results. Free research report on MIK is available at:

http://dailystocktracker.com/registration/?symbol=MIK

Tractor Supply 

On Monday, shares in Brentwood, Tennessee headquartered Tractor Supply Co. recorded a trading volume of 2.83 million shares, which was above their three months average volume of 2.26 million shares. The stock ended the session 0.52% higher at $55.90. The Company's shares are trading 10.91% below their 50-day moving average. Furthermore, shares of Tractor Supply, which operates rural lifestyle retail stores in the US, have an RSI of 35.87.

On June 02^nd, 2017, Tractor Supply announced that its Mobile Fair Tour is gearing up to visit 19 state and county fairs across the US, and recognize FFA and 4-H youth, who are making a difference in their communities. Now in its second year, the nation's largest rural lifestyle retailer is sending its road team on a cross-country journey that begins on June 08^th, 2017, in Illinois, and concludes on October 22^nd, 2017 in Arkansas. The complimentary research report on TSCO can be downloaded at:

http://dailystocktracker.com/registration/?symbol=TSCO

Pier 1 Imports 

Shares in Fort Worth, Texas headquartered Pier 1 Imports Inc. closed at $5.18, up 1.97% from the last trading session. The stock recorded a trading volume of 1.84 million shares. The Company's shares are trading 15.96% below their 200-day moving average. Additionally, shares of Pier 1 Imports, which engages in the retail sale of decorative accessories, furniture, candles, housewares, gifts, and seasonal products, have an RSI of 34.60.

On May 09^th, 2017, research firm Gordon Haskett initiated a 'Reduce' rating on the Company's stock, with a target price of $6 per share. Visit DailyStockTracker.com today and access our complete research report on PIR at:

http://dailystocktracker.com/registration/?symbol=PIR

Sally Beauty 

Denton, Texas headquartered Sally Beauty Holdings Inc.'s stock ended 1.50% lower at $17.73 with a total trading volume of 1.11 million shares. The Company's shares are trading below their 50-day moving average by 8.71%. Shares of the Company, which together with its subsidiaries, operates as a specialty retailer and distributor of professional beauty supplies, have an RSI of 35.66. Get free access to your research report on SBH at:

http://dailystocktracker.com/registration/?symbol=SBH

--

Daily Stock Tracker: 

Daily Stock Tracker (DST) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. DST has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below. 

DST has not been compensated; directly or indirectly; for producing or publishing this document. 

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email contact@dailystocktracker.com. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by DST. DST is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.  

NO WARRANTY 

DST, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. DST, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, DST, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice. 

NOT AN OFFERING 

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither DST nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit

http://dailystocktracker.com/disclaimer/

CONTACT
For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:
Email: contact@dailystocktracker.com
Phone number:  (207)-331-3313
Office Address: 377 Rivonia Boulevard, Rivonia, South Africa

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE Chelmsford Park SA