Why I See Another Buying Opportunity in SIG’s Chart

Let’s talk about Signet Jewelers (NYSE:SIG).

I talked about this stock on the show before. After that, it actually pulled back. It had a mixed earnings report. You can see on the chart (watch the video above) where it dipped after I mentioned it. Look now at the end of the chart. It is starting to come up.

It's starting to pick up volume. I think this thing is extremely over sold. They own Jared, they own Zales -- in fact, they have a monopoly on the lower-end product. Some of them are outside in the malls, some of them are inside. This is a name I like, particularly over the next six months or longer.

If you didn't buy it, I think this is a great opportunity to buy it, particularly if you're a long-term buy-and-hold person.DISCLOSURES