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Shares of Aeropostale Under Pressure, Down 2.7%

Published on Mon, 01/07/2013 - 13:16
By Robert Cotter

Aeropostale (NYSE:ARO) is one of today's biggest movers, down 2.7% to $12.91. The S&P is trading lower by 0.5% to 1,458 and the Dow is trading 0.6% lower to 13,356.

Aeropostale, Inc. is a mall-based retailer of casual apparel and accessories that targets young women and men in the pre-teen and teenage market. The Company's stores provide active-oriented, fashion basic merchandise. Aeropostale operates stores throughout the United States.

Over the past year, Aeropostale has traded in a range of $11.76 to $23.05 and is now at $12.91, 10% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.9% while the 50-day MA has remained constant.

Aeropostale has overhead space with shares priced $12.91, or 21.4% below the average consensus analyst price target of $16.42. The stock should find initial resistance at its 50-day moving average (MA) of $13.30 and further resistance at its 200-day MA of $16.34.

By Robert Cotter