According to Surperformance rating, the company is an opportunity for a trading strategy. Indeed, it is a good compromise between its value and its visibility.

Currently the stock is oversold and, in the mid-term, is trading in a neutral trend. Only the breakdown of the USD 19 will give a bearish signal in the mid term. In the short term, this trend should be reversed upon contact with the USD 19 area. Pier 1 Imports should be able to confirm its increase in the next trading sessions. This support is a trading opportunity in order to anticipate a technical rebound towards USD 21.5.

The trading strategy can benefit from the proximity of the strong support currently tested in order to buy Pier 1 Imports in a good timing. The potential gain is around 12%. Investors might place a stop loss order at USD 18.4 in order to avoid important losses.