|By PR Newswire||
|March 1, 2013 08:01 AM EST||
LONDON, March 1, 2013 /PRNewswire/ --
Markets rattled after reports about slow economic growth in fourth quarter are released. The fear of Sequestration also looms large, making markets give up their early gains at the close of Thursday's session. The Dow Jones ended the day 0.15 percent lower at 14,054.49, while the S&P 500 closed at 1,514.68, down 0.09 percent. The NASDAQ also followed suit closing the day at 3,160.19, down 0.07 percent. Our research team took a look at the Apparel and Department Stores industries including major companies like The Gap Inc. (NYSE: GPS), Chico's FAS Inc. (NYSE: CHS), Macy's Inc. (NYSE: M) and Sears Holdings Corporation (NASDAQ: SHLD). StockCall has posted free technical research reports on GPS CHS, M, and SHLD, and these can be accessed by signing up at http://www.stockcall.com/analysis
Gap Inc. traded in the range of $32.35 and $33.35 during yesterday's trading session. It opened at $32.46 and closed at $32.92, up 1.26 percent. The stock is currently in a bullish mode and has its first resistance level at $35.09. Upon breaching this level, Gap Inc. may go as high as $36.01. It traded 6.54 shares. The stock is trading below its 20-day moving average price. Its first support level is at $32.86. So far in 2013, the stock is up 6 percent, and in the past 52 weeks it gained more than 45 percent. The company trades at P/E ratio of 16.14. Download the free report on GPS upon registration at http://www.StockCall.com/GPS030113.pdf
Despite the downward movement shown by broad market indices, Chico's stock finished 3.47 percent higher at $16.98, with volume up from daily average of 3.15 million to 7.10 million. The company's stock has had a disappointing run so far in 2013 with its year-to-date loss at 8.02 percent. However, the stock currently shows a bullish trend which is further confirmed by the stock's MACD chart. Chico's has its first support level at $16.75. In the coming trading sessions, the stock is likely to go as high as $17.02. CHS technical report can be accessed for free by signing up at http://www.StockCall.com/CHS030113.pdf
Macy's stock rose in Thursday's trading session. The stock closed 1.28 percent higher at $41.10 with 6.19 million share volume. Macy's is up more than 5 percent for the year. In the past 52 weeks, the stock is up 10.9 percent. The stock currently has support at $40.84 level. The stock's MACD chart shows a bullish trend and it may face its first resistance level at $41.15. Upon breaching this level, the stock may go as high as $41.38. The free report on M can be downloaded by signing up now at http://www.StockCall.com/M030113.pdf
Sears Holdings Corp. is currently in a neutral mode as the stock ended its previous trading session at $45.00, down 5.20 percent. The stock traded in the range of $44.20 and $48.95 during the session. Its first support level is at $44.47 and upon breaching this level, the stock may go down to $40.25 level. On the upside, Sears stock may touch $47.50 level. The company's stock has traded in the range of $38.40 and $85.90 in the past 52 weeks and it declined by 34 percent during the same time period. On a Year-to-Date basis, the stock is up 8.8 percent. Free report on SHLD can be accessed by registering at http://www.StockCall.com/SHLD030113.pdf
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