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.
