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Shares of Chico's FAS Under Pressure, Down 2.1%

Published on Mon, 01/07/2013 - 13:25
By Peter Chu

Chico's FAS (NYSE:CHS) is one of today's notable stocks in decline, down 2.1% to $18.29. The S&P is currently trading 0.5% lower to 1,458 and the Dow Jones Industrial Average is trading 0.6% lower to 13,356.

Chico's FAS share prices have moved between a 52-week high of $19.76 and a 52-week low of $10.48 and are now trading 75% above that low price at $18.29 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.3% while the 200-day MA has risen 0.4%.

Chico's FAS, Inc. sells private label women's casual clothing and related accessories. The Company's clothing includes tops, pants, shorts, skirts, and dresses. Chico's owns and operates stores throughout the United States.

There is potential upside of 9.8% for shares of Chico's FAS based on a current price of $18.29 and an average consensus analyst price target of $20.08. The stock should hit resistance at its 50-day moving average (MA) of $18.48, as well as support at its 200-day MA of $16.66.

By Peter Chu
pchu@fnno.com