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Stock Investors Bid Up Shares of The Men's Wearhouse, Up 1.9%

Published on Fri, 05/10/2013 - 12:24
By Robert Cotter

One of today's stocks on the move is The Men's Wearhouse (NYSE:MW), up 1.9% to $35.56. The S&P is currently trading fractionally higher to 1,627 and the Dow Jones Industrial Average is trading fractionally lower to 15,060.

In the past 52 weeks, shares of The Men's Wearhouse have traded between a low of $25.97 and a high of $38.59 and are now at $35.56, which is 37% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 1.7%.

The Men's Wearhouse (NYSE:MW) is currently priced 0.6% above its average consensus analyst price target of $35.33. The stock should discover initial support at its 50-day moving average (MA) of $32.46 and subsequent support at its 200-day MA of $31.85.

The Men's Wearhouse, Inc. retails men's attire. The Company sells suits, sportswear, furnishings, and accessories. The Men's Wearhouse also operates a manufacturing facility of men's suits and sports coats in Canada.

By Robert Cotter
rcotter@fnno.com