Sears (SHLD, $0.30) Will Be Shuttering 40 More Stores
Sears Holdings will be closing doors at 40 more locations.
On Thursday, the retail company announced that by February 2019, 29 Sears stores and 11 Kmart shops will be shuttered. That is in addition to the nearly 200 stores the company had already planned to close in the near future.
Sears Holdings has been mired in mounting debt for a while and is moving ahead with bankruptcy proceedings. Closing stores (particularly the underperforming ones) is part of its liquidation sales, as the retailer apparently found it hard to improve dwindling margins. The newly announced 40 store closures will begin next week, according to the company.
Adding the latest closures, Sears will be left with less than 500 Sears and Kmart stores open – that’s around half of what it had as of February.
SHLD in +5.95% Uptrend, rising for three consecutive days on July 06, 2026
Moving higher for three straight days is viewed as a bullish sign. Keep an eye on this stock for future growth. Considering data from situations where SHLD advanced for three days, in of 223 cases, the price rose further within the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where SHLD's RSI Oscillator exited the oversold zone, of 12 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Momentum Indicator moved above the 0 level on July 02, 2026. You may want to consider a long position or call options on SHLD as a result. In of 50 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for SHLD just turned positive on July 02, 2026. Looking at past instances where SHLD's MACD turned positive, the stock continued to rise in of 27 cases over the following month. The odds of a continued upward trend are .
SHLD may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Bearish Trend Analysis
The Stochastic Oscillator has been in the overbought zone for 2 days. Expect a price pull-back in the near future.
SHLD moved below its 50-day moving average on July 07, 2026 date and that indicates a change from an upward trend to a downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where SHLD declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Aroon Indicator for SHLD entered a downward trend on July 08, 2026. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
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