Not Adding Up

Johnson Outdoors (JOUT) is breaking out of a bullish flag pattern, but the issue is the 4,000 shares that have traded today. Beyond the technical setup of the price, there is confirmation in the RSI and momentum has been strong in the stock. From the fundamental side, JOUT trades at price-to-sales and price-to-book ratios that are more attractive than either Dick's Sporting Goods (DKS) or Cabela's (CAB).

Johnson Outdoors (JOUT) –- Daily Source: View Chart » View in New Window »

The stock also has a significantly better price-to-free cash flow. Admittedly, the company needs to get growing, but the overall P/E fits it with the group, so there aren't any fundamental red flags. Outside of volume, there aren't really any yellow flags either....179 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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