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Shares of Aeropostale Under Pressure, Down 3.3%

Published on Tue, 10/08/2013 - 12:54
By Mallory Stone

Aeropostale (NYSE:ARO) is a company whose shares are active, trading 3.3% lower to $9.03. The Dow Jones Industrial Average is now trading 0.6% lower to 14,849 and the S&P is trading 0.8% lower to 1,664.

Aeropostale (NYSE:ARO) has potential upside of 20.9% based on a current price of $9.03 and analysts' consensus price target of $10.92. The stock should run into initial resistance at its 50-day moving average (MA) of $10.73 and subsequent resistance at its 200-day MA of $13.06.

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.

In the past 52 weeks, shares of Aeropostale have traded between a low of $7.78 and a high of $17.10 and are now at $9.03, which is 16% above that low price. The 200-day and 50-day moving averages have moved 0.5% lower and 2.81% lower over the past week, respectively.

By Mallory Stone
mstone@fnno.com