Sears (SHLD, $0.37) Gets Some More Time To Continue Operating, Will Sell Off 500 Stores
Sears Holdings Corp. has been allowed some time before a legal decision would be made on whether or not the retail company should continue to operate.
During Thursday’s bankruptcy court hearing, Judge Robert Drain gave permission to Sears to auction off 500 stores. Sears hopes the stores’ liquidation would generate cash to help the Sears brand stay alive. The company’s creditors had argued that Sears should immediately go out of business in order to staunch any further losses. Judge Drain has, however, decided to wait until a December hearing to give the final verdict on whether Sears should be allowed to continue operations or if it should begin shuttering all of its stores.
"We recognize we have a tough path ahead of us to save the company," said Sears attorney Ray Schrock, but also indicated that the company hopes to gain some tailwind from the upcoming holiday shopping. Sears has also managed to receive an additional $350 million loan from Great American Capital Partners, which is another important source for funding the retailer’s operations during the bankruptcy process (and therefore help its stores sustain through the holiday season) .
Sears Chairman Eddie Lampert, who also runs hedge fund ESL Investments Inc, has been reportedly working with potential lenders to gather funds in a bid to keep Sears in business, according to bankruptcy-court papers (as suggested by a Reuters article).
Momentum Indicator for SHLD turns positive, indicating new upward trend
SHLD saw its Momentum Indicator move above the 0 level on April 06, 2026. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 49 similar instances where the indicator turned positive. In of the 49 cases, the stock moved higher in the following days. The odds of a move higher are at .
Technical Analysis (Indicators)
Bullish Trend Analysis
The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where SHLD's RSI Indicator exited the oversold zone, of 10 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for SHLD just turned positive on April 06, 2026. Looking at past instances where SHLD's MACD turned positive, the stock continued to rise in of 26 cases over the following month. The odds of a continued upward trend are .
The 10-day moving average for SHLD crossed bullishly above the 50-day moving average on April 16, 2026. This indicates that the trend has shifted higher and could be considered a buy signal. In of 4 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where SHLD advanced for three days, in of 222 cases, the price rose further within 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 demonstrated that the ticker has stayed in the overbought zone for 8 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
SHLD moved below its 50-day moving average on April 16, 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 April 09, 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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