Brian Sozzi Discusses Technical Analysis On Some Names

Brian Sozzi is out with a research note on some potential ideas, this time from a technical analysis, rather than a fundamental perspective. In the note Sozzi discusses Bebe BEBE, Kohl's KSS, Macy's M, Furniture Brands FBN, Buckle BKE, and Activision Blizzard ATVI. Sozzi talks about the head shoulders pattern that may be forming in some of these names. Regarding Bebe, Sozzi writes, "Fundamental story has been improving, sparking some sell-side analysts to issue upgrades recently. Mr. Market may have sniffed out the high level of discounting at the stores and building inventories, not to mention rationalizing the pullback in discretionary consumption of late." Sozzi says he is seeing potential margin risk for Kohl's in the second quarter, and fundamental problems in the furniture business, which is hurting Furniture Brands. Sozzi is a retail analyst from Wall Street Strategies, and recently appeared on Benzinga radio to discuss a wide array of topics.