user warning: Table './fnndrupaldev/term_node' is marked as crashed and last (automatic?) repair failed query: SELECT t.* FROM term_node r INNER JOIN term_data t ON r.tid = t.tid INNER JOIN vocabulary v ON t.vid = v.vid WHERE r.vid = 414799 ORDER BY v.weight, t.weight, t.name in /var/www/www.fnno.com/htdocs/modules/taxonomy/taxonomy.module on line 617.

Possible Bearish Inside Day Candle Pattern Detected for AnnTaylor Stores (NYSE:ANN)

Published on Thu, 01/03/2013 - 08:28
By Peter Chu

Analysts have spotted a possible bearish inside day candle pattern in AnnTaylor Stores (NYSE:ANN) based on the price action in the company's shares. Yesterday's price range of $32.36 and $33.83 is within the prior day's high and low of the day. This trading action often signifies indecision by bulls and bears to drive prices higher or lower and often implies a possible change in trend. Owners of AnnTaylor Stores may want to consider a possible hedge in the event a pullback occurs. Look for confirmation in the next few trading days.

AnnTaylor Stores Corporation, through its wholly owned subsidiary, retails women's apparel, shoes, and accessories primarily under the Ann Taylor brand name. The Company operates throughout the United States.

AnnTaylor Stores (NYSE:ANN) has potential upside of 24.7% based on a current price of $32.88 and analysts' consensus price target of $41.00. The stock should find resistance at its 50-day moving average (MA) of $33.70, as well as support at its 200-day MA of $30.83.

In the past 52 weeks, AnnTaylor Stores share prices have been bracketed by a low of $22.14 and a high of $39.78 and closed yesterday at $32.88, 49% above that low price. The 200-day and 50-day moving averages have moved 0.24% higher and 0.77% lower over the past week, respectively.

By Peter Chu
pchu@fnno.com

Latest News from FNNO

Shares of United Therapeutics Have Risen...

United Therapeutics (NASDAQ:UTHR) traded at a new 52-week high today of $119.06. So fa ...

Shares of United Rentals Rise to a New 5...

United Rentals (NYSE:URI) traded today at a new 52-week high of $119.50. So far today ...

Union Pacific Looks to Continue to Trade...

Shares of Union Pacific (NYSE:UNP) traded today at $106.55, breaking its 52-week high. ...

Unum Group Looks to Continue to Trade Ab...

Shares of Unum Group (NYSE:UNM) traded today at $36.75, breaking its 52-week high. Thi ...

Watch for Continued Gains in Shares of U...

Shares of United Bankshares (NASDAQ:UBSI) traded at a new 52-week high today of $33.55. ...

Watch for Continued Gains in Shares of T...

Tata Motors (NYSE:TTM) traded at a new 52-week high today of $48.64. This new high was ...

Shares of Tesla Motors Inc Rise Above Pr...

Tesla Motors Inc (NASDAQ:TSLA) traded today at a new 52-week high of $284.89. This new ...

Trinity Industries: The Winning Streak C...

Trinity Industries (NYSE:TRN) traded at a new 52-week high today of $49.65. This new h ...