Stanley Furniture Company (NASDAQ:STLY) is a premium American brand that may benefit from the housing recovery. Watch this 2013 STLY Analysis below to learn if STLY is a safe way to play the US housing recovery.
2013 STLY Video Analysis:
2013 STLY ANALYSIS UPDATE:
STLY destroyed in late afternoon trading! More to come!
2013 STLY ANALYSIS UPDATE #2: Technical Analysis Improving
For those of you that have stayed the course in STLY, it looks like the technical analysis is improving. After the steep draw down shown above, STLY went on to make a new high on a strong slug of buy volume. Following indecisive, and eventually violent consolidation, STLY has managed to turn prior resistance into support. As of writing (11/06/2013) It remains to be seen if STLY can put in a higher high. But at this point price action looks encouraging.