Cost Plus is a specialty retailer of home furnishings products in U.S.A. On January 2011, the Company operated 263 stores under the name World Market, Cost Plus World Market, Cost Plus Imports and World Market Stores in 30 states. The company offers variety of home decorating items, personal care items and jewelry and a selection of gourmet foods and beverages from all over the world.
The company reported on March 22th its earnings for fiscal 2011. Cost Plus recorded revenue of $964 million against $961 million expected by analysts and net result $16.5 against $14.7 anticipated and $2.86 million for fiscal 2010.Operating margin increased significantly of 4.47%, indeed 0.8% more than the previous year. Consensus is unanimous with 7 analysts on 7 at in the green zone. Average goal on Cost Plus are regularly revised upward.
Technically the stock just breaks out of its range to the USD 16 short-term resistance through a gap. Moving averages are well-oriented and will probably support the upward trend. This signal should be confirmed in the next few days with the continuation of the trend on the way to the last 3 years highest.
Investors could benefit from this new impetus to take a long position on the stock if the trend is confirmed in the next few sessions. An objective will be fixed on the USD 22 level. A stop-loss will be engaged at USD 15.9.
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COST PLUS, INC. 
