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Buyers Accumulate Shares of JOS A Bank Clothiers, Up 1.8%

Published on Tue, 04/30/2013 - 12:47
By Peter Chu

JOS A Bank Clothiers (NASDAQ:JOSB), a company whose shares are moving quickly, is trading 1.8% higher to $43.57. The S&P is trading fractionally higher to 1,596 and the Dow is trading fractionally higher to 14,820.

JOS A Bank Clothiers (NASDAQ:JOSB) is currently priced 10.5% above its average consensus analyst price target of $39.00. The stock should hit resistance at its 200-day moving average (MA) of $43.91, as well as support at its 50-day MA of $41.53.

Jos. A. Bank Clothiers, Inc. manufactures classic men's clothing. The Company sells its clothing through conventional retail stores and catalog direct marketing located throughout the United States.

In the past 52 weeks, shares of JOS A Bank Clothiers have traded between a low of $37.31 and a high of $57.14 and are now at $43.57, which is 17% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.4% while the 200-day MA has remained constant.

By Peter Chu
pchu@fnno.com

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