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Stock Investors Bid Up Shares of AnnTaylor Stores, Up 1.4%

Published on Thu, 01/31/2013 - 11:28
By Robert Cotter

Up 1.4% to $30.53, AnnTaylor Stores (NYSE:ANN), is one of today's notable movers. The S&P is trading fractionally lower to 1,501 and the Dow is trading fractionally higher to 13,918.

Over the past year, AnnTaylor Stores has traded in a range of $22.14 to $39.78 and is now at $30.53, 38% above that low. The 200-day and 50-day moving averages have moved 0.14% higher and 0.41% lower over the past week, respectively.

Potential upside of 31.6% exists for AnnTaylor Stores, based on a current level of $30.53 and analysts' average consensus price target of $40.17. The stock should find initial resistance at its 200-day moving average (MA) of $31.20 and further resistance at its 50-day MA of $32.86.

AnnTaylor Stores Corporation, through its wholly owned subsidiary, retails women's apparel, shoes, and accessories primarily under the Ann Taylor brand name. The Company operates throughout the United States.

By Robert Cotter
rcotter@fnno.com