Shares of Chico's FAS Under Pressure, Down 2.2%

Published on Thu, 02/21/2013 - 13:24
By Adrienne Chilton in Market movers, CHS, chico's fas, market movers, nyse:chs

Chico's FAS (NYSE:CHS) is one of today's notable stocks in decline, down 2.2% to $16.69. The S&P is trading lower by 0.9% to 1,500 and the Dow is trading 0.5% lower to 13,852.

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 20.3% for shares of Chico's FAS based on a current price of $16.69 and an average consensus analyst price target of $20.08. The stock should find initial resistance at its 200-day moving average (MA) of $17.04 and further resistance at its 50-day MA of $17.99.

Chico's FAS share prices have moved between a 52-week high of $19.76 and a 52-week low of $12.58 and are now trading 33% above that low price at $16.69 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.2%.

By Adrienne Chilton
achilton@fnno.com

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