One of today's stocks on the move is Vera Bradley (NYSE:VRA), down 2.3% to $32.28. The S&P is currently trading fractionally higher to 1,406 and the Dow Jones Industrial Average is trading fractionally lower to 13,217.
Vera Bradley has overhead space with shares priced $32.28, or 32.5% below the average consensus analyst price target of $47.86. Vera Bradley shares should first meet resistance at the 50-day moving average (MA) of $35.51 and find additional resistance at the 200-day MA of $36.39.
In the past 52 weeks, shares of Vera Bradley have traded between a low of $24.83 and a high of $52.35 and are now at $32.28, which is 30% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.9% while the 50-day MA has advanced 1.1%.
Vera Bradley, Inc. designs, produces and retails fashion accessories for women. The Company markets handbags, accessories and travel and leisure items through its chain of retail stores and independent retailers.
