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Kirkland's Explodes After Fast Money Comments (KIRK)

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Kirkland's (NASDAQ: KIRK), a specialty retailer of home decor, its seeing its shares pop today after positive comments from Anthony Scaramucci on CNBC's Fast Money yesterday.

Anthony highlighted Kirkland's as the hedge fund pick of the week. He believes the stock is a great turnaround story and a value play trading at only 5.4 times earnings. He sees the stock trading up to $23, where it did earlier this spring.

Shares of the small-cap company are soaring today by more than 9.8% to $13.18. The stock has float of only 14.55 million shares and less than 300,000 shares are traded daily, so its subject to violent price swings.

On a technical note, the stock has moved above its 50-day moving average of 13.04. The stock faces no resistance until the $15 area where it broke down last summer.

 

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