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Actionable news in KIRK: Kirkland's, Inc.,

Tile Shop, Royal Caribbean Better Long candidates Than Short

Trip Miller, managing partner of Gullane Capital Partners, was in our offices recently, and he saw further downside in three stocks as we head into the holiday shopping season -- Kirkland's (KIRK) , Tile Shop (TTS) and Royal Caribbean (RCL) . A compelling fundamental story was laid out, but in this new fast-paced post-election environment, it pays to check the charts and indicators before shorting, or going long for that matter. You have to do everything you can to put the odds in your favor. Let's check the charts and indicators.

When we look at the 12-month daily chart of KIRK above, we do see prices making lower highs, but KIRK has not made a lower low the past year. Someone has been buying KIRK when it has dipped below $12. This is not an uptrend for sure, but it is also not a downtrend either. Let's look further. KIRK has rallied above the 50-day simple moving average line, and the slope of that average has turned from down to sideways. The slope of the 200-day moving average...