Stock Pick 1-22-13 – Buckle Inc. – BKE

My first stock pick for 1-22-13 is Buckle Inc. – BKE. The current price is $45.26.

BKE Chart for 1-22-13

BKE Chart for 1-22-13

Currently the stock is in a bullish pennant pattern. Using TD Ameritrade’s ThinkorSwim platform and utilizing the Prophet Chart tool, the predicted price range between now and 4-20-13 is between $48.64 and $54.09. This would be a gain of anywhere from 6.9% to 16.3% if it comes to fruition over the next 3 months.

The Phase 2 F/E and Price Pattern scores look good at 2.75 and 2.25 respectively, so it looks to be right by the buying range.

An alternative method of buying the stock outright would be to purchase a March Call at the 45.50 strike price. Currently it is at a $1.80 price point. That would get you in the game with plenty of time and keep your costs much lower.